The closure of so many businesses will likely cause another recession. Already, the number of unemployment benefit claims has surpassed claims during the peak of the Great Recession. Food stamp applications have also spiked.
Workers should anticipate delays on their unemployment checks even as the federal government boosts weekly payments by $600. Normally, it takes at least three weeks to process a claim, but a report suggests the state’s Employment Development Department’s antiquated system and a major influx of claims will probably delay payouts.
For taxpayers, the income tax deadline has been pushed to July 15 by the federal Internal Revenue Service and the state’s Franchise Tax Board. But the deadline on other types of taxes, like property taxes, vary by county.
Jackie Botts and Ben Christopher contributed to this card.