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President Trump recently signed an executive order and three memorandums to address pandemic relief since negotiations between lawmakers recently collapsed. The executive actions extend pandemic unemployment benefits, student loan payment deferrals, eviction protections for renters, and payroll tax cuts.
- Federal unemployment benefits would be $400 per week until December 2020. States would be responsible for covering 25% of costs, or $100 per week, per individual.
- The federal mortarium on evictions for renters is extended through 2020
- Federal student loan payments are suspended through the end of 2020.
- Employers can defer payments for the employee portions of specific payroll taxes through 2020.
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This blog is intended to be a compilation of information and resources pulled from federal, state, and local agencies. This is not intended to be legal advice. For up to the minute information and guidance on COVID-19, please follow the guidelines of the Centers for Disease Control and Prevention (CDC) and your local health organizations.
National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.
