RECEIVE PAID LEAVE

 

The Families First Coronavirus Response Act requires certain employers to provide their employees with paid sick leave, or expanded family and medical leave for specified reasons related to COVID-19. Applies to certain public employees and private employers with fewer than 500 employees. Small businesses with fewer than 50 employees may qualify for exemption for the requirement to provide leave due to school closings or childcare unavailability if the leave requirements would jeopardize the financial viability of the business. Covered employers qualify for reimbursement through tax credits.

Reference: https://www.dol.gov/agencies/whd/pandemic/ffcra-employer-paid-leave

Paid Sick Leave

  • Who is eligible?

    • Employees unable to work or telework because the employee is:

      • subject to a Federal, State, or local quarantine or isolation order due to COVID-19

      • advised by a healthcare provider to self quarantine due to COVID-19

      • experiencing symptoms of COVID-19 and is seeking a medical diagnosis

  • What is the benefit?

    • Full time employees can get 80 hours of sick leave at full pay and part time workers get a proportionate share, capped at $511 per day, or a total of $5110 per worker.

Paid Family Leave

  • Who is eligible

    • Employees unable to work because they are caring for a:

      • family member who has been advised to quarantine due to COVID-19

      • a son or daughter who school or childcare is closed or unavailable due to COVID-19

  • What is the benefit?

    • Full time employees can get 80 hours of sick leave at a rate of 2/3 full pay and part time workers get a proportionate share, capped at $200 per day, or a total of $2000 per worker.

Paid Expanded Medical and Family Leave

  • Who is eligible?

    • Employees who have worked for at least 30 days.

    • Employees unable to work or telework, or who need to care for a minor child if the child’s school or day care is closed or unavailable due to a public health emergency

  • What is the benefit:

    • Eligible employees are entitled to take up to an additional 10-weeks of job protected leave

    • Full time employees are paid at 2/3 of the employee’s regular rate. The maximum payment is $200 per day and $10,000 total.

APPLY FOR UNEMPLOYMENT INSURANCE

Unemployment insurance provides cash benefits to eligible workers who are unemployed through no fault of their own. Each state administers a separate unemployment insurance program, but all states follow the same guidelines established by federal law.

Who is eligible?
Temporarily states will cover far more people than usual. Including:

  • Eligible employees will meet the state thresholds for earned wages or time worked

  • self-employed, gig workers, freelancers

  • part-time workers

  • you don’t need to lose your job to qualify. You may be eligible if you are quarantined, furloughed, or not being paid and expect to return to your job eventually

  • Typically you do not qualify if you quit your job or were fired

 

What is the benefit?

  • Benefits are usually calculated as a percentage of your income over the past year, up to a maximum amount. Some states are more generous than others but the benefit typically covers 45% of lost income.

  • Eligible individuals who are collecting certain unemployment benefits, including regular unemployment compensation, will receive an additional $600 in federal benefits per week for weeks of unemployment ending on or before July 31, 2020.

  • Additionally, the Pandemic Emergency Unemployment Compensation (PEUC) program allows those who have exhausted benefits under regular unemployment compensation or other programs to receive up to 13 weeks of additional benefits through the end of 2020.

  • Benefits are subject to federal and most state income taxes and must be reported on your income tax return. You may choose to have the tax withheld from your payment.

 

How can I apply?

  • The following website is sponsored by the US Dept of Labor and connects patients to their state application. https://www.dol.gov/coronavirus/unemployment-insurance

  • Many States will require the following information for you to apply for unemployment insurance:

      • Your Social Security number

      • Your driver license or Motor Vehicle ID card number (if you have either one)

      • Your complete mailing address and zip code. If requesting direct deposit you will need a check or blank deposit slip.

      • Your Alien Registration card number (if you are not a U.S. Citizen and have a card)

      • The names, phone numbers, and addresses of all your employers for the last 15-18 months, including those in other states.

      • Work start and end dates for each job and the reason for your separation from employer

      • Employer Registration number or Federal Employer Identification Number (FEIN) of your most recent employer (FEIN is on your W-2 forms)

      • Your copies of forms SF8 and SF50, if you were a federal employee

      • Your most recent separation form (DD 214), for military service

 

Reference: https://www.dol.gov/newsroom/releases/eta/eta20200402-0

RECEIVE AN ECONOMIC IMPACT PAYMENT

The Treasury Department and the Internal Revenue Service today announced that the distribution of economic impact payments will begin before the end of April. The payments will be automatically sent to eligible taxpayers to provide economic relief during the pandemic.

Who is eligible?

  • All tax filers are eligible, EXCEPT single filers with income exceeding $99,000 and joint filers with income exceeding $198,000 with no children are not eligible

  • Social Security recipients and railroad retirees who are otherwise not required to file a tax return are also eligible and will not be required to file a return

  • This payment is not available for: people who are undocumented, people without a social security number, people who filed with an individual taxpayer number, or adults who were claimed as a dependent.

 

What is the benefit?

  • Tax filers with adjusted gross income up to $75,000 for individuals will receive $1,200, and $500 for each qualifying child

  • Tax filers with adjusted gross income up to $150,000 for married couples filing joint returns will receive $2,400, and $500 for each qualifying child

  • For eligible tax filers with income above $75,000 (single) and $150,000 (joint), the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds

 

How can I apply?

  • Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment .

  • Payments will begin by the end of April, 2020 and will be distributed automatically, with no action required for most people.

  • Some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.

  • More information is available on the Internal Revenue Service website https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

PREVENT EVICTION OR FORECLOSURE

The federal government has ordered some mortgage companies to allow people who have lost their job or income to get temporary relief from financial hardship. We understand that housing is a big piece of your financial obligations so here are resources that can help you.

Who is eligible?

  • Borrowers of Freddie Mac or Fannie Mae mortgages or borrowers whose loans are backed by the Federal Housing Administration (FHA).

  • Other mortgage holders are considering a similar program so it’s worthwhile to ask for temporary payment relief even if your mortgage isn’t a Freddie or Fannie, or FHA backed.

  • To qualify, you need to have suffered a financial hardship related to COVID-19 that makes you unable to meet basic living expenses. This includes lost income because of business shutdowns.

  • Renters can benefit from this program. Mortgage companies are being told to offer flexibility to landlords, too, if their tenants temporarily can't pay rent as a result of the outbreak.

 

What is the benefit?

  • Everyone’s case is a little different. We recommend that you speak with your mortgage lender or landlord to learn what options are available to you.

  • More information about the types of benefits offered can be found here https://www.knowyouroptions.com/covid19assistance

 

How can I apply?

  • Contact your mortgage lender or landlord. Mortgage lenders are experiencing high call volume so you may need to wait for a reply.

  • Homeowners: Contact your mortgage lender to request temporary relief from mortgage payments.

  • Renters: Contact your landlord to request temporary from rental payments. If you rent from a mom-and-pop landlord with just a few rental units, they may not even realize that they can call their mortgage lender to request temporary payment relief so you may need to share this information with your landlord.

  • When asking for relief from housing payments, mortgage or rent, be prepared to discuss how much you can pay and for how long you may need relief. Mortgage lenders will also want to know about how much income you have lost.

  • Local Housing and Urban Development departments can assist to prevent eviction and foreclosure https://www.hud.gov/topics/rental_assistance/local

 

Reference: More information on State and Local Eviction/Foreclosure Suspensions can be found here:
https://nlihc.org/eviction-and-foreclosure-moratoriums

 

SEEK RELIEF FROM STUDENT LOANS

 

Under the CARES Act, federal student loan payments will automatically stop March 13, 2020 - September 30, 2020


Who is eligible?

  • Students with the following loans are eligible:

    • defaulted and nondefaulted direct loans

    • defaulted and nondefaulted FFEL Program loans

    • Federal Perkins Loans

  • Students with FFEL Program loans owned by a commercial lender or Perkins loans owned by their school are not required to provide loan relief under the CARES Act.

 

What is the benefit?

  • From 3/13/2020-9/30/2020

    • no payments are required on eligible student loans

    • the interest rate is 0% on eligible student loans

    • Students can still make payments if they choose

 

How can I apply?

  • No action is needed if your loan is eligible

  • If your loan is not eligible then contact your lender to ask if they will allow relief from your loan payment and interest for a period of time

Reference: https://studentaid.gov/announcements-events/coronavirus

SEEK RELIEF FROM PERSONAL INCOME TAX

 

The Federal government has extended the deadline for filing and paying personal income taxes to July 15, 2020. Many states have also delayed the filing deadline for personal income taxes.

Who is eligible?

  • Anyone who is responsible for filing personal income taxes

 

What is the benefit?

  • if you owe money for Federal taxes then you can delay payment until July 15, 2020

  • Many states have also delayed the date when your state income tax is due. Information on the personal income tax filing deadlines for your state can be found here: https://www.taxadmin.org/state-tax-agencies

 

How can I apply?

  • You do not need to apply for the extended filing deadline. It is automatic.

  • If you are going to receive a refund on personal taxes paid then you should submit your tax returns as soon as possible.

Reference: Federal tax filing information: https://www.irs.gov/coronavirus

 
 
 
 
 

Mailing Address:

PO Box 49202 

Charlotte, NC 28277

 

Info@handsforholly.org

Tax ID: 81-2842244

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