SALT LAKE CITY (ABC4) – As the new year nears, Utah Attorney General Sean D. Reyes is urging Congress to extend the Coronavirus Aid, Relief and Economy (CARES) Act funding until the end of 2021. Coronavirus Response and Relief Supplemental Appropriations Act, 2021 Extension and Benefit Phaseout Rule for Pandemic Unemployment. This memorandum provides an updated definition of eligible uses. Pandemic Additional Compensation – An additional $300 federal stimulus payment automatically added to each week of benefits received from December 27, 2020, through March 13, 2021. A Congressional relief package signed by President Trump Sunday includes an extension into 2021 of the deadline for states to spend federal CARES Act funds, which funds the voucher program. Second Draw PPP Loans began Jan. 13, 2021, for certain businesses who have previously received a PPP loan (for those who can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020). This means that the last payable week for … The Act extends the CARES Act unemployment provisions and for an additional 11 weeks (up to a maximum of 50 weeks) and those who have already exhausted benefits will get benefits through March 14, 2021. Congress hit pause on federal student loan payments in the CARES Act. Unsure if you qualify? NASHVILLE (December 28) – The Tennessee Department of Labor and Workforce Development (TDLWD) is currently reviewing details of the CARES Act Unemployment Extension (H.R. On December 27, 2020, an extension of the CARES Act Coronavirus Relief Fund “covered period” was signed into law. Jay Inslee today announced additional economic supports for workers and businesses impacted by the COVID-19 pandemic. The CARES Act provides that an extension of the initial 180-day forbearance may be provided at the request of the borrower “provided that, the borrower’s request for an extension is made during the covered period.” Therefore, servicers and borrowers must also be mindful of when a consumer’s right to request an extension of their forbearance expires. WASHINGTON, Jan. 20, 2021 — In one of his first acts in office, President Joe Biden requested federal agencies to extend eviction and foreclosure moratoriums for millions of Americans. Start with our eligibility checker. An extension of the cap on deductions for cash contributions Contributions to public charities are generally limited to a percentage of a taxpayer’s adjusted gross income (AGI). The CARES Act lifted the cap on annual contributions for those who itemize, increasing it from 60% to 100% of AGI for 2020 (and now for 2021). By Editor | January 7, 2021 | 0 . “Although the new vaccines offer significant hope for the future, the Coronavirus pandemic is not over, and there are thousands of Utahns suffering economic […] The latest extension of this relief will last until after President-elect Joe Biden takes office. The CAA extends the PUA program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides UI benefits to gig workers and others not traditionally eligible for them. Gov. The Delaware Department of Labor has reviewed the legislation and the […] TDLWD will provide claimants additional information … The 2021 Appropriations Act prevents the Department from accepting or processing any applications for new awards under section 18004(a)(1) of the CARES Act (i.e., the “Student Aid Portion” program (CFDA 84.425E) and the “Institutional Portion” program (CFDA 84.425F)). The amount of financial help varies. Extension to March 14, 2021 for those currently receiving, but not yet exhausting, benefits and for relief for governmental entities and nonprofit organizations What CARES Act 2 didn't include was an extension to the payment and collections hiatus on federal student loan payments; those are set to resume on Feb. 1, 2021. The extension, the Fed said, would help market participants plan through the first quarter of 2021. This blog post summarizes the … This authority is now extended through January 2, 2022, under the Consolidated Appropriations Act, 2021. Will Congress act to extend CARES Act provisions regarding 401(k) payouts? The Consolidated Appropriations Act, 2021 is a $2.3 trillion spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown. January 7, 2021 For Immediate Release Kenneth Briscoe Expiration and Extension of CARES Act Unemployment Insurance Programs by Congress [WILMINGTON, DE] – On December 27, the federal COVID-19 relief package that extends and provides additional federal unemployment benefits was signed into law. CECL Delay Extension. The federal CARES Act extensions make this possible. Among provisions for individuals, such as direct cash to workers, rental assistance, and a ban on surprise medical bills, the CAA also enhances aid for small businesses and renews the Paycheck Protection Program. Extension of SBA payments of 7(a) loans: Borrowers with eligible SBA loans will receive an additional funding of three months of principle and interest starting in February 2021. The CARES Act also exempted financial institutions from complying with the Current Expected Credit Loss (CECL) accounting standard until December 31, 2020 or the termination of the COVID-19 public health emergency, whichever occurs earlier. 2. On Dec. 27, 2020, federal law extended PUA benefits through the week ending March 13, 2021. Check eligibility. The workers eligible for these benefits include self … November 22, 2017 - 4 min read How to buy a house with $0 down in 2021: First time buyer October 21, 2019 - 14 min read The VA home loan: Benefits, requirements, and rates for 2021 … It also increased the number of weeks you can claim PUA benefits from 39 to 50. 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