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How unemployment benefits are calculated under the coronavirus stimulus bill

Varied than 33 million Americans lost their jobs and filed for unemployment benefits over the last seven weeks.

Unemployment surety was designed to partially replace your income until you can get back on your feet. How much money you can expect, however, greatly depending on your preceding salary and where you live.  

The average unemployment check was $378 at the end of 2019.

In most states, those benefits would repress coming for up to 26 weeks. The 2020 stimulus bill boosted that weekly unemployment check by $600 finished with July 31 and extended eligibility to 39 weeks.

First, you will need to determine if you qualify. The rules switch by state, but the new stimulus bill greatly expanded coverage to help people who are unable to work due to the coronavirus. The bill calm disqualifies those who were fired for cause, people who were paid under the table with no payroll record-breakings and people still receiving paid time off. 

To learn more,  check out this video to see a case study of how service perquisites are calculated on a $40,000 salary. 

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

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