A historic $2 trillion spending package significantly bolsters relief to millions of Americans left jobless by the ongoing coronavirus pandemic.
The Coronavirus Aid, Relief, and Economic Security Act expands unemployment benefits to include part-time and self-employed workers, including contractors and gig workers. It also supplements state benefits with an additional $600 per week, which more than doubles the weekly maximum unemployment benefits in most states.
Beyond expanding unemployment, the act also provides billions of dollars in emergency funding for hospitals and businesses affected by the coronavirus and includes direct relief payments to most Americans.
If you’re out of work or have lost hours due to the coronavirus, here’s what you need to know.
Under the CARES Act, you can receive unemployment benefits if you are unable to work or are working reduced hours as a result of the coronavirus. That includes people who are directly impacted by the virus — those who have symptoms, are quarantined or are caring for someone who has COVID-19, the disease caused by the coronavirus.