Here's when enhanced unemployment insurance, eviction bans and other coronavirus financial protections expire. (via CNBCMakeIt)
Has the coronavirus pandemic changed how you invest or spend your money? CNBC Make It would like to talk to you. Email money reporter Alicia Adamczyk atThe Coronavirus Aid, Relief and Economic Security Act, signed into law in March, gave wide-ranging relief to individuals and families financially impacted by the pandemic, including instituting temporary eviction bans, expanded unemployment benefits, foreclosure bans and student loan forbearance.
Now, some of those provisions are ending, while others continue through the end of 2020. Assuming another piece of stimulus legislation does not pass, here's when the various financial relief options from the CARES Act expire.Through the end of 2020, the CARES Act allows those with a 401 or individual retirement account to take a coronavirus-related distribution if they need to, without incurring the 10% early distribution penalty.
Additionally, the CARES Act doubles the loan limit from retirement plans to the lesser of $100,000 or 100% of a participant's vested balance if the loan is taken between March 27 and September 22, 2020. A loan is , because participants must pay back the money to their account, aiding their long-term retirement savings.Enhanced unemployment insurance
The CARES Act added $600 a week to unemployment benefits. But that federal aid expires July 31, 2020. Assuming Congress does not extend the extra payments, unemployment benefits will revert to their normal payment amount, which
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