Despite some frantic negotiations between the White House and Democrats, there is no deal in sight at the moment. It’s time to start preparing now.
Even if benefits extended in full today, we are now looking at a 2 week or more lapse in unemployment benefits. States have already prepared their systems to cut off the enhanced benefits = the federal booster (on top of state UI benefits which remain as-is).
According to a recent article (link in the description below), state offices could need weeks to reprogram their systems to account for an extension of the $600 weekly federal payments that expire today.
In this video, we answer the question “What is the last date you will actually get your $600 weekly Federal booster?”
Different dates are being thrown around with regards to when the weekly $600 FPUC (Federal Pandemic Unemployment Compensation) ends. July 31st? July 25th? July 26th?
What happens if your certification date falls after that date? Do you still get the $600?
The official end date of the FPUC is today – July 31st.
That is when the law expires.
However, today is Friday and the FPUC does not pay for partial weeks.
So for all practical matters, the end of the first full work week is when the extra money will stop.
For most states the end of the work week is a Saturday, while a few states end their work week on a Sunday. Regardless, this means that despite the official July 31st expiration date, the FPUC will actually end on July 25th for most of us.
Do you want direct, breaking news alerts from Ignition Time? Get your cell phone out and from your cell phone, send an SMS:
TEXT IGNITION TO 70000
TEXT TIME TO 70000
FOLLOW INSTRUCTIONS VIA TEXT, ACCEPT OUR DISCLAIMER & RECONFIRM YOUR EMAIL to get breaking news alerts that are fair and balanced. Opt out at any time.
Managing your Money Crash Course
Unemployment Benefits Crash Course