Ways To Get Financial Relief During The Covid-19 Crisis
In the current world of tremendous uncertainty, financial concerns can be one of the causes of anxiety. We, at AHFCU, want you to know that we’re here for you, however you need us.
Our credit union is offering solutions to help make this unprecedented time less stressful. These include:
- Payment Deferment
- Emergency Loans
- Credit Insurance
Due to the COVID-19 crisis, there are also several financial relief programs available through the U.S. and local government. These include:
Most Americans will be receiving a stimulus payment as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The amount of money received will be up to $1,200 for individuals and up to $2,400 for married couples who file taxes jointly. Another $500 will be added for each dependent child. There are income limitations based on your tax filings. Here is a stimulus payment calculator that can help estimate the amount you are likely to receive.
2019 Tax Deadline
The 2019 IRS Tax Returns deadline has been postponed to July 15, 2020. If you owe federal taxes, you have until July 15, 2020 to pay your taxes penalty free. Click here for more information on Coronavirus Tax Relief.
Enhanced Unemployment Insurance
Those receiving state unemployment insurance may be eligible to receive an additional $600 a week for four months through the CARES Act
Click here for more information on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
California Paid Family Leave
If you’re unable to work because you are caring for an ill or quarantined family member with COVID-19, you may be eligible for Paid Family Leave, which provides a percent of wages for up to six weeks.
If you’re unable to work due to a quarantine or medical illness related to COVID-19, you may be eligible for Disability Insurance, which provides a percent of wages up to fifty-two weeks.
Click here for more California Coronavirus resources for employers and workers.