KEY PROVISION

Other Provisions Target Specific Needs

Tax & Economic Provisions of 2021 Stimulus | January 2021

In addition to stimulus checks, $120 billion was allocated for supplemental unemployment benefits.

• The federal assistance will provide $300 per week to supplement state funded benefits for the period December 26, 2020 through March 14, 2021.
• Benefits are also available to self-employed individuals who self-certify that they have been impacted by COVID-19.
• Maximum number of weeks an individual can claim benefits was extended to 50 weeks.

The Act also extended the national eviction moratorium that was put in place under the CARES Act.

• CARES delayed evictions for federally backed properties, which was then extended to all properties by the Centers for Disease Control and Prevention in September 2020.
• The moratorium, which was set to expire on December 31, was extended by a month to the end of January.
• The provision does not forgive past-due payments or related charges which become due at expiration.

The Act appropriated $25 billion for state and local governments to provide emergency rental assistance. To qualify, renters must spend 90% of any assistance received on rent (including past due payments), utility costs and costs associated with COVID-19. States are required to prioritize low income and unemployed renters.