The extra $300 unemployment benefit intended to help Americans who are out of work pay their bills during thehas already ended — at least in some states. And the means there’s currently no additional funding for unemployment benefits until the end of 2020.
What’s going on? In a nutshell, some states are coming to the end of the six weeks allotted as part of President Donald Trump’sin early August — called Lost Wages Assistance — which used funds from the Federal Emergency Management Agency to supplement states’ unemployment benefits.
So, which states are losing their funding and what could happen next? Read on for everything we know. And here’s how fast we think the IRS could sendif there is one.
Which states are ending the $300 bonus? Wasn’t it $400?
Trump’s executive memo called for the federal government to supply $300 a week in extra unemployment benefits for six weeks, starting retroactively on Aug. 1. Those states that already received and sent out Lost Wages Assistance (LWA) to unemployment recipients have reached their six weeks, meaning the bonus checks will come to an end soon.
The president also called on each state to provide an additional $100, for a total of $400 per week in enhanced unemployment pay, though that’s since been made optional.
FEMA approved the LWA program for six weeks to 48 states, along with Guam and Washington DC. Nevada applied for assistance on Sept. 2 and is waiting for approval, and South Dakota is the only state to choose not to apply for assistance. Arizona was the first state to send out the $300 bonus, on Aug. 17.
Here are the states that announced the end of the $300 bonus:
The Texas Workforce Commission sent notices on Sept. 9 saying the last LWA check would be for the week of Sept. 5. It says it wouldn’t be able to provide additional funds without further federal action, but those who qualified for the weekly bonus will receive all six weeks of checks. State labor agencies in Arizona, Iowa and Utah announced this week the end of the LWA for unemployment recipients who will continue to receive the states’ weekly benefit.
Those states that have yet to send out the $300 bonus should be sending the extra money in the coming weeks, either in weekly deposits or in one lump-sum amount of $1,800…Read more>>