In April 2020, the Federal Government made significant changes to forms and policies to include independent contractors in its applications for those seeking supports following the COVID-19 pandemic.

What this means is that if you are a US citizen that has changed careers as a result of being laid off, or if you have been an independent contractor all along---you may have benefits pending, and in some cases, the payments are retroactive.

Having a proper paper trail of your earnings is what will help you through this, and the more formal your documentation, the easier the process.

The federal CARES Act came to an end on July 30th, 2020, but there are still benefits available to you on the State level, along with the Federal stipend of $400 per week, which is still in effect to this date, but is likely to end in the coming months. If your unemployment benefits are more than $100 per week, Federal benefits are available through the Department of Labor. Take advantage of this while the opportunity lasts.

The first place to start to see if you have retroactive funds pending is to apply for unemployment relief through your state department. And you will see that the Federal forms are very similar. Once you get through one form, the rest should be a cake walk.

In the meantime, while you’re waiting for your deposits, if you are in a pinch and need some fuel to get to the finish line, Moneda is here to assist you. It’s a simple application. And once you’re approved, funds can be in your bank account in as little as one business day.