Freelance dancers got some good news last week: Under the CARES Act, a coronavirus response package, freelancers and self-employed people will qualify for unemployment benefits.
However, since unemployment is normally reserved for W2 employees only, the exact workings of the program are still being ironed out. Here are your biggest questions about unemployment and other financial help for freelance dancers, answered.
What about that $1,200 check?
As you may have heard, one of the promises of the CARES Act is a one-time payment of $1,200 to every taxpayer making under $75,000 per year, or $2,400 for couples making $150,000 or less per year, plus $500 for every child. If your income is above those thresholds, the payments decrease gradually and phase out entirely if you make more than $99,000 as an individual or $198,000 for couples.
If you’ve already filed a tax return for 2019, the payment will be based on your 2019 adjusted gross income. If you haven’t filed