Counselor706
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Link for the listThe expiration date for the extra $300 weekly unemployment bonus is fast approaching. More than 11 million people will be affected, with roughly 7.5 million losing benefits entirely by Monday, Sept. 6. Roughly two dozen states chose to end federal aid ahead of the deadline, with governors claiming that the extra unemployment insurance was disincentivizing residents from taking available jobs. Economists concluded that it's not all about unemployment insurance and benefits for many that are unemployed. Despite hiring signs everywhere, there are still heavy concerns with childcare, school closures and safety concerns with the new delta-variant COVID-19 cases.
Unemployed residents in at least 12 states, including most recently in Florida, have taken legal action to try to get that pandemic relief aid reinstated, arguing that they've been unable to pay basic expenses, including rent. With unemployment claims still fluctuating as the economy struggles to return to pre-pandemic normalcy, reports are showing that the early cancellation of the federal programs had little impact on labor markets.
So who will be losing coverage entirely? Could enhanced pandemic benefits be restored this year? We'll explain below. You might also want to know about the IRS issuing refunds to those who were taxed on their 2020 unemployment benefits. And here's an important primer on the 2021 enhanced child tax credit, which is offering millions of families extra money in advance of next year's taxes.