The CARES Act includes a program called Pandemic Unemployment Assistance (PUA), which expands benefits to gig, self-employed and contract workers, including the extra $600 a week.

Is the $600 part of the CARES Act?

An additional $600 in Federal Pandemic Unemployment Compensation benefits are available to everyone receiving state unemployment benefits under the CARES Act. The funds are available for any weeks beginning after the date the state enters into an agreement through the week ending July 31.

Who gets the 600 CARES Act money?

The measure contains a $600 direct payment to Americans who earned up to $75,000 in 2019. That is less than the $1,200 checks approved in the Coronavirus Aid, Relief and Economic Security Act in March. It provides $600 per child, up from $500 in the spring.

Will the cares Act be extended past March 2021?

Millions will lose pandemic unemployment in September—many have already been cut off. The programs, which support people who’d normally fall through the cracks of the unemployment system, were established in the March 2020 CARES Act and extended until Labor Day 2021 through the American Rescue Plan.

What are the benefits of the CARES Act?

The bill includes: Expanded unemployment insurance (UI) for workers, including a $600 per week increase in benefits for up to four months and federal funding of UI benefits provided to those not usually eligible for UI, such as the self-employed, independent contractors, and those with limited work history.

How long are the funds from the CARES Act taxable?

Withdrawn amounts are taxable over three years, but taxpayers can recontribute the withdrawn funds into their retirement accounts for three years without affecting retirement account caps.

Where can I find information about the CARES Act?

For general discussion specific to your state, go to state’s live chat and choose your state. This is for information regarding the Cares Act. Please note, this is for informational and guidance purposes. Included are general qualifications, however, each state makes their own determination on who is eligible.

How are unemployment benefits calculated under the CARES Act?

The amount of benefits paid out will vary by state and are calculated based on the weekly benefit amounts (WBA) provided under a state’s unemployment insurance laws. Under the CARES Act, the WBA may be supplemented by the additional unemployment assistance provided under the Act.