In an effort to assist you, we want to share some information regarding possible Unemployment Benefits and the COVID-19 Economic Relief Plan. There are some great benefits out there and we wanted to make sure that you are aware so you can take advantage.

The U.S. Government passed a $2 Trillion COVID-19 Economic Relief Plan that has allocations for U.S. taxpayers to receive stimulus payments in the form of checks or direct deposits. In addition, the U.S. Government has passed that those who are Unemployed due to COVID-19 reasons will have additional benefits on top of their State’s Unemployment Benefits.  For additional information please visit https://www.benefits.gov/
 
Enhanced Unemployment Benefits 
 
On the Federal Level, you may be eligible to receive up to an additional $600.00 in unemployment benefits per week until July 31, 2020. You must be unemployed due to COVID-19 reasons in order to qualify for this benefit. For more information, please visit 
https://www.dol.gov/coronavirus
 
On the State Level, the states will continue unemployment benefits but will be extending them an additional 13 weeks.  For more information, please visit 
https://apps.twc.state.tx.us/UBS/benefitsEstimator.do
 
Congress is enhancing state unemployment to provide more income and to cover more people.
  • Adds $600 per week for four months on top of state unemployment.
  • Adds up to 13 weeks of additional unemployment benefits to those already enrolled but who are nearing the end of benefits.
  • Expands the program to include a number of workers not normally eligible to receive unemployment benefits. This includes:
    • Freelancers
    • Independent contractors/gig workers
    • Self-employed
    • Those with limited work history
    • Employees who are still employed, but whose hours have been reduced
It is important to apply as soon as possible.  To help expedite aid, the federal government is funding the first week of benefits to encourage states to waive traditional waiting periods, but it may still take a couple of weeks to be processed.
 
To find your estimated benefits, please see below for links to your states' benefits estimator.
*Please note that these are estimates and your results may vary*
State Amount Duration
Texas $58 - $392 per week Up to 39 weeks
 
**FOR EXAMPLE PURPOSES ONLY**
Bob is currently unemployed in Texas due to COVID-19 reasons. He hasn’t filed his 2019 tax return yet. His 2018 tax return was filed as single and his annual salary was $30,000. His benefits will include: 
 

Do I Qualify for the COVID-19 Economic Relief Plan? 
Any US Taxpayer that has income under $99,000, those who file as “head of household” that has an adjusted gross income under $146,500, and married couples filing jointly without children with an adjusted gross income below $198,000 will receive a payment from the COVID-19 Stimulus Package.
 
The Coronavirus Aid, Relief and Economic Security Act, which President Donald Trump signed into law Friday (03/29/2020), says taxpayers making up to $75,000 in adjusted gross income will receive $1,200 payments and $500 for each child. The same rules apply for married couples who file returns under $150,000. Income that is higher than these thresholds, the stimulus payment amount starts to decrease.


How Much Do I Get?
 
 
Filing Status AGI Amount Stimulus Payment Amount
Single $75,000 or less $1,200
Married Filing Jointly $150,000 or less $2,400
Head of Household $112,500 or less $1,200
Dependents Under 17 N/A $500 per








Please note that this is an estimate based on your income, you may or may not receive the full stimulus payment amount