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Self-Employment Assistance Program

Self-Employment Assistance Program – Can I apply for the CARES Act in 2022?

In this article you will find relevant information about the Self-Employment Assistance Program- Can you apply for the CARES Act in 2022?

The Coronavirus Assistance, Relief, and Economic Security Act , or also called the CARES Act, was introduced in the United States two years ago and signed into law by President Donald Trump in March 2020, just as the coronavirus pandemic had first begun to spread worldwide. For this, the country provided financial support to citizens, including the self-employed.

For those who are self-employed, support was available through programs such as Self-Employment Assistance (SEA) and Pandemic Unemployment Assistance (PUA).

What financial assistance does the CARES Act provide to self-employed individuals?

Those who are self-employed or have recently become self-employed do not qualify for the same unemployment benefits when their self-employment jobs are affected. However, because the coronavirus pandemic and economic hardship brought such a unique event, the government made some changes through the CARES Act.

The new legislation allowed self-employed workers who have not otherwise been eligible for unemployment benefits to become eligible for these benefits. This was a welcome relief for the self-employed population in the United States of America.

Can the self-employed apply for the CARES Act in 2022?

The CARES Act has been signed into law as of March 27, 2020, so it is approaching its second anniversary. However, some programs have already ended. Including the Pandemic Unemployment Assistance (PUA) program, which expired in September 2021.

While some CARES Act programs have continued, such as supports for students, the offerings for the self-employed were significantly reduced.

Because of this, in 2022 there is no longer much support for the self-employed through the CARES Act.

There were campaigns to extend the various schemes and send a fourth stimulus check, but it was largely unsuccessful because the U.S. government pointed to the improving unemployment rate as evidence that the recovery is going well.