Coronavirus Recovery Resources
For the most up-to-date information on what you should know about the coronavirus, state and local updates, and travel advisories please visit the following websites:
- General information - Centers for Disease Control and Prevention (CDC)
- Status in Oregon – Oregon Health Authority
- Travel information - Centers for Disease Control and Prevention (CDC)
- Avoid Coronavirus Scams – Federal Trade Commission (FTC)
For information on filing a new unemployment claim with the Oregon Employment Department, click here.
For a comprehensive COVID-19 resource toolkit, including information on unemployment insurance, food assistance, emergency paid leave, student loan relief and more, click here.
Fact Sheets on H.R. 748, the Coronavirus Aid, Relief and Economic Security (CARES) Act
The Small Business Owner’s Guide to the CARES Act
The Coronavirus Aid, Relief and Economic Security (CARES) Act
CARES Act Provisions for Hospitals and Health Systems
Small Businesses and the CARES Act
Rebate Payment Timeline―April 2, 2020
Resources for Small Businesses
Small Business Administration Economic Injury Disaster Loans
On March 20, 2020, the Small Business Administration granted a statewide Declaration of Economic Injury for Oregon. This declaration means that the U.S. Small Business Administration (SBA) will offer low-interest loans through the Economic Injury Disaster Loan (EIDL) program for small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). A fact sheet about the EIDL program can be found here.
Applicants can apply online here.
Resources for Unemployment Insurance
Because of the passage of H.R. 748, the CARES Act, more laid-off and furloughed workers than ever before (including self-employed, part-time, gig economy workers, and those new to the job market) will be eligible for Unemployment Insurance. The CARES Act guarantees that each individual will also see an additional $600 per week in their UC check through July 31, 2020.
Oregonians seeking more information on Unemployment Insurance should contact the Oregon Employment Department.
QUESTIONS ABOUT INDIVIDUAL CASH PAYMENTS
Why is Congress proposing to pay rebates to individuals?
The public health and economic consequences of COVID-19 are significant. These rebates help Americans afford what they need during this public health crisis, as many are experiencing a significant cash crunch.
Am I eligible for a rebate and how much will I get?
Everyone who has a Social Security number and whose income is not above a certain threshold is eligible for a rebate payment. This includes Social Security beneficiaries (retirement, disability, survivor) and Supplemental Security Income (SSI) recipients.
Individuals making up to $75,000 ($150,000 for married couples) will receive $1,200 ($2,400 for married couples) with an additional $500 payment per child under the age of 17, up to $3400 per family. Rebates are reduced by $5 for every $100 of income to the extent a taxpayer’s income exceeds $150,000 for a joint filer, $112,500 for a head of household filer, and $75,000 for anyone else (including single filers).
When and how will the rebates be distributed?
For the majority of Americans, the IRS will issue payments via direct deposit using information from your 2019 tax return (2018 if you haven’t filed your 2019 return yet) or 2019 Social Security statement. Treasury Secretary Mnuchin has said that he would like to send payments out within the next three weeks.
If you have not filed a tax return in 2018 or 2019 and do not receive Social Security benefits, the IRS recommends filing a 2018 return to receive payment.
The IRS does not have my bank account information. How will I get my money?
If the IRS does not have your bank account information, you should look for a letter from the IRS within the next two weeks detailing how to receive your payment. They'll send a phone number and appropriate point of contact so you can tell them if you didn't receive it. If you’ve moved recently, notify the IRS as soon as possible.
Do the rebates need to be repaid? Are they taxable? Will they affect my eligibility for means-tested programs?
No, rebates do not need to be repaid, no, they are not taxable, and, no, the rebate is not counted towards eligibility for federal programs.
Are non-filers eligible for rebates?
Yes. There is no earned income requirement to be eligible for a rebate, but non-filers may need to take additional steps to receive their rebates.
I’m a college student. Will I receive a check?
If you are claimed as a dependent on another tax return, you’re ineligible. But if you’ve been working and filing taxes independently in recent years, you may qualify.
Student Loan Relief
The CARES Act provides multiple benefits for your student loans in order to help borrowers impacted by the COVID-19 outbreak. This includes:
- Deferring payment of your federal student loans during the public health crisis
- Waiving the accrual of interest on your federal student loans
- Halting the garnishing of wages, Social Security benefits, and tax refunds for student loan debt collection
All loans owned by the U.S. Department of Education (ED) are eligible for these benefits through September 30, 2020. That includes Direct Loans, as well as Federal Perkins Loans and Federal Family Education Loan (FFEL) Program loans held by ED. The Department of Education will remind borrowers in August that payment will resume at September’s end.
Please note that some FFEL Program loans are owned by commercial lenders, and some Perkins Loans are held by the institution you attended. These loans are not eligible for this benefit at this time.
If you are pursuing Public Service Loan Forgiveness (PSLF), you may already know that you can’t make a qualifying payment for PSLF while your federal student loans are in forbearance. However, the CARES Act makes sure that any federal student loan payments that you skip between now and September 30, 2020, will still count toward the required 120 qualifying payments.
If you can afford to make your loan payments during the COVID-19 national emergency, you may want to continue to do so to pay off as much of your loan as possible while there is a 0 percent interest rate.
Visit the Federal Student Aid website regarding coronavirus and forbearance info for students, borrowers, and parents.