2021 Unemployment Benefit Deadlines Are Approaching This Fall
The time is drawing near when unemployment benefits are going to run out for many Americans. The fall months will be the crunch time, as you have to get your resume together and start applying for jobs in order to keep yourself and your family afloat. If you're looking for a job now, or even in the next few weeks, here's what this deadline may mean for you.
People who had been out of work throughout the epidemic could breathe a sigh of relief when the American Rescue Plan Act was signed into law in March: their federal supplement to state unemployment payments would be extended until September. If it takes a longer time to locate new employment, the extra $300 per week would help Americans get through the summer.
However, 24 states declared in May that they would be terminating federal pandemic unemployment payments early. By late June, the total had risen to 26. State unemployment benefits will continue to be available to qualified people, but federal extensions will no longer be available. The latest anybody can claim any unemployment benefits will be September 6th.
Many Other Applicants:
Many Americans are applying for jobs, so it is going to be a tight race. If you're not the first person for an opening, then there's no guarantee that you'll get hired. The competition has been fierce lately and many people will still be waiting in line when unemployment benefits run out.
If you don't find work before your state deadline:
- You may have difficulty paying rent or buying food because of lost income from unemployment benefits;
- You won't qualify for other social welfare programs like Medicaid if they were tied to your employment status;
- You could lose eligibility for SNAP (Supplemental Nutrition Assistance Program), which provides nutritional assistance such as food stamps or EBT cards with funds reserved mostly
After countless months of relying on unemployment benefits, you may seem to notice that you'll be rendered with difficulty with keeping up with debt on top of your necessities. Tax debt is a frequent issue that is both prominent with or without the pandemic standing in the way.
Without any supplementary income from unemployment, keeping up with expenses and debt is extremely difficult. If this seems to apply to you, there are programs dedicated to giving relief to those who cannot pay off their tax debt as a whole.
Already behind? Take the first step in being a good taxpayer and find relief. There's a relief program that consolidates many major relief programs into a one-size-fits-all assistance program; The IRS Fresh Start Program. Our clients are referred to our Fresh Start Program in order to avoid bankruptcy, acquire debt relief, and settle their debts in a quick manner. Let us give you a helping hand today!
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