These CARES Act benefits will end soon

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When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March, most lawmakers and the general public believed the legislation was necessary for a temporary problem.

But now in December, the epidemic is still spinning out of control, and many programs created as part of the CARES Act are expiring at the end of the year. Millions of Americans remain unemployed, and the lifeline is on the verge of being eliminated if Congress and the White House cannot agree on new aid.

Millions lose unemployment benefits

The CARES Act was extraordinarily generous In awarding an additional $ 600 per week for four months On top of regular unemployment benefits – and lenient rules to allow benefits for independent workers and contractors. The endemic $ 600 unemployment compensation program ended in July.

right Now, Nearly 12 million workers face a devastating “slope” On Dec. 26 if Congress takes no action. This includes workers in the Epidemic Unemployment Assistance Program (PUA) and those in the Epidemic Emergency Unemployment Compensation Program (PEUC).

PEUC provides an additional 13 weeks of unemployment benefit after a worker has exhausted state benefits. The tough cut in CARES means that those in the middle of receiving that extra coverage will not be able to continue for the full 13 weeks. These benefits will simply stop.

Other benefits set to expire

While unemployment benefits receive the most attention, there are several other benefits that are due to expire that will affect people in financial hardship:

What can you do?

If you are concerned about losing any benefits under the CARES Act, the first thing you can do is contact your representatives and senators of Congress. You have the right to tell them how you feel.

The next thing you should do, whether you need an eviction or foreclosure waiver, student loan benefit, or unemployment benefits you are entitled to, is talk to an attorney about your options. Even if additional unemployment benefits expire, for example, there may be other ways to use the legal system to address financial problems.

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