{"id":4828,"date":"2021-01-06T00:00:00","date_gmt":"2021-01-06T04:00:00","guid":{"rendered":"https:\/\/www.whitcomb.com\/more-stimulus-payments-on-the-way\/"},"modified":"2022-02-04T17:54:49","modified_gmt":"2022-02-04T21:54:49","slug":"more-stimulus-payments-on-the-way","status":"publish","type":"post","link":"https:\/\/www.whitcomb.com\/blog\/2021\/01\/06\/more-stimulus-payments-on-the-way\/","title":{"rendered":"More Stimulus Payments on the Way"},"content":{"rendered":"\n
What you need to know NOW!<\/strong><\/p>\n\n\n\n You could soon see another stimulus payment in your bank account with the recent passage of the Emergency Coronavirus Relief Act of 2020, which means more direct relief to you and your family. Here are some of the major points you need to know that are buried inside this $900 billion piece of legislation.<\/p>\n\n\n\n Direct stimulus payments to you.<\/strong> The legislation includes a $600 payment per person, including adults and dependent children who are under age 17. Payments are based on your 2019 income and should start being distributed shortly, per Treasury Secretary Mnuchin. The payment amount phases out for adjusted gross incomes over $75,000 for single taxpayers and $150,000 for married couples.<\/p>\n\n\n\n Things to consider:<\/strong><\/em><\/p>\n\n\n\n Extension of unemployment benefits.<\/strong> Federal unemployment benefits of up to $300 per week are extended through March 14. Benefits for self-employed workers, set to expire at the end of 2020, are also extended.<\/p>\n\n\n\n Things to consider:<\/strong><\/em><\/p>\n\n\n\n New PPP loan funds.<\/strong> There is additional money available from the Small Business Administration (SBA) for a new round of PPP loans. The new loan program is targeted to businesses that need the funds. To qualify, your business must have 300 or fewer employees and have seen a drop in revenue of 25% or more during any quarter in 2020. Some of the money is earmarked for very small borrowers, underserved communities, and small lenders. There are even simplified requirements for forgiveness if the loan amount being applied for is less than $150,000.<\/p>\n\n\n\n Eviction moratoriums and rent assistance.<\/strong> The bill extends until January 31, 2021 a moratorium on evictions that was scheduled to expire at the end of 2020. The bill also includes $25 billion in emergency assistance to renters. What you need to know NOW!<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[46],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4828"}],"collection":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/comments?post=4828"}],"version-history":[{"count":1,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4828\/revisions"}],"predecessor-version":[{"id":5039,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4828\/revisions\/5039"}],"wp:attachment":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/media?parent=4828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/categories?post=4828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/tags?post=4828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
There is much more in this huge bill, including relief for hard-hit industries, education, student loans, and vaccine assistance. Please keep up-to-date as more is learned after a full review of the bill is made available.<\/p>\n","protected":false},"excerpt":{"rendered":"