The federal government’s stimulus package that’s poised to provide aid to the economy and workers during the pandemic also extends unemployment benefits to those traditionally ineligible, including self-employed individuals and independent contractors— categories that many real estate professionals fall under.
To those who are eligible, the CARES Act provides benefits of $600 per week through July 31 as well as an amount provided under the state’s compensation law through Dec. 31. States usually base compensation amounts on an individual’s wages from their most recent tax year. Individuals may be eligible for up to 39 weeks of Pandemic Unemployment Assistance program benefits through Dec. 31.
