The COVID-19 pandemic has had a negative impact on the economic and family institutions across the world. If you are paying child support and cashing alimony checks, it could be harder for you. Numerous families are feeling the pinch. If you are in this situation, here are a few things you need to know.
The CARES Act, Stimulus Checks, & Child Support
As of March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act. This aid was a $2 trillion stimulus package from the U.S. government with the aim of providing financial relief to people and businesses.
According to reports, if you pay child support, you can receive stimulus checks based on your annual income as directed by the IRS. There is a payment range between $1,200 per person and $2,400 for couples. For children, a payment of $500 per child under the age of 17 years suffices. Anyone who is eligible for tax returns dating back to 2018 can get a stimulus check via the recommended means.
This could provide relief to your family if you lost your basis of making income due to the COVID-19 pandemic. However, this is not a sign that things are okay. If you are financially capable, having aid is still not a lasting solution. Paid-for support is not as reliable as personally taking care of your child.
A conventional and financial relationship could lead to deterioration owing to a lack of affection and care. Different states have varied definitions of what counts as income for child support.
If you do not pay your child’s support, it could lead to a deficit in your tax federal returns, pushing the treasury to offset overdue support.
Families First Coronavirus Response Act
In the month of March 2020, President Donald Trump signed the Families First Coronavirus Response Act (FFCRA). This act stipulates that any employer, public or private company, with less than 500 employees should provide 80 hours of paid sick leave to any full-time employee.
However, it specifies that if you are an employee, it applies when you have contracted coronavirus, have coronavirus symptoms, or are seeking medical treatment. In such a circumstance, the aid of the government can be helpful to your child’s financial support.
States such as California and New York have issued a moratorium to protect tenants from eviction due to a lack of rent payment during this coronavirus time. Many other states have also passed similar laws. Due to the coronavirus pandemic, eviction laws have relaxed.
Several states have come out offering their state residents with relief to deal with this pandemic. It is a good idea to enroll in such a program to benefit if you are paying child support. In some of the worst-hit areas such as New York and California, COVID-19 hub portals are a good way to help you deal with child support issues.
Insurance For The Unemployed And School Closures
This is an insurance cover provided in states such as New York and California. In this case, if you have contracted coronavirus, you may be eligible for state unemployment insurance, or paid family leave. This is provided by the Department of Labor. According to reports, there are good opportunities that the COVID-19 pandemic can create chances to support your baby when you are in need of child support.
Normally, resigning from a job means you cannot apply for unemployment benefits in many states. However, it has become easier to benefit from this insurance as a parent to support your child effectively.
Relief From Financial Institutions
Financial institutions such as Citigroup, Wells Fargo, and other US state-chartered banks are providing financial relief to parents during this time. This relief is for those most affected by the COVID-19 pandemic.
As a parent, you are eligible for a 90-day grace period on your mortgage payment, no credit score changes, and 60 days of no new foreclosures.
With all of these reliefs and aids from both the national and federal government, getting advice from a trusted source is most important. This should be either directly, or through an attorney. Through initial communication, you may agree on what direction you can take to avoid disputes and frustrations.
You may need to have a court order to have your child support modified. Herein, the judge will review your income and tax returns. In addition, you can contact your local child support agency with your partner and have your problem discussed.
Remember, as much as child support is an obligation, paying for your child’s upkeep is your responsibility. Whether you and your partner have unresolved issues, it should not reflect on your bundle of joy.