Thursday, March 26, 2020

Senate virus bill

Senate bill If your income is less that $75,000 for single person or $150,000 married you will receive $1,200 per adult and $500 per child. After this initial payment most people will become eligible for unemployment compensation and each would receive $600 per week over and above the regular payments which vary by state. The law allows almost everyone to be eligible for these payments. In Minnesota it is about 50% of your wages up to $640 per week. If you were earning $1,000 per week your MN unemployment benefit would be $500 plus another $600 or a total of $1,100. Some states the weekly benefits are lower and some are higher so depending on where you live your benefit for not working could be higher than while you worked. This may sound good but it is only set to go on for four months. At that time the $600 weekly benefit ends but it could be extended depending on how the economy is doing.

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