Sunday Scaries

Realworld’s Guide to Adulting During Coronavirus – Government

This article has been condensed for length, but the original can be found at

Last updated: 6/3/2020

So this isn’t the Spring we had envisioned — whether it’s your final semester of college, or business as usual at the office, we’re living indoor, socially-distanced lives. Though this means your jeans are being neglected and your loungewear game is on-point, there are a few tough realities that have emerged with coronavirus . As your experts in all things ‘adulting’ — we’re here with the 411 on the “real world” impacts of COVID-19 broken down by topic.


The government gets what’s going on (they’re in charge of making the rules and enforcing them after all) and has called a national State of Emergency. With this, they’ve created a few allowances to ensure we can get by while we get better. So far, here are the details on the extended deadlines, reduced rates, and more:

Taxes — Tax Day is April 15th every year, but Tax Day 2020 has been postponed to July 15th. This means you don’t have to worry about filing or making any owed payments (although it’s still a good idea to file as early as possible). There are a few state or city taxes that might not be postponed (ex. property taxes), so be sure to double check on the policies that apply to you! If you expect a refund, you can file early and get the money sooner, rather than waiting until later in the Fall.

IDs/Driver’s Licenses — Many states are offering a 30–60 day extension on any expiring legal documents (think driver’s licenses, car registrations, etc…). This is state dependent, so be sure to check your state’s Department of Motor Vehicles website to get the facts right. They may also be are suspending late fees and are offering extended renewal deadlines.

Federal Student Loans — For at least 60 days, you will not owe any additional interest on your federal student loans. Regardless of what your interest rate was, it is 0% for the time being! For more information check out the Finance section above.

Unemployment — There are special unemployment requirements put in place when a disaster is declared. For more on unemployment, check out the Work Section.

The Stimulus — Signed into law on March 27th, The CARES Act has several implications, but one could make you up to $1,200 richer. Your payment amount is calculated based on your taxable income from your most recent tax filing (2019, or 2018 if you haven’t filed 2019 yet). Even if you made $0, you will receive the entire $1,200 payment, as long as you have a Social Security Number and bank account. The payments could take days or months to get to you, but 93.6% of tax filers can expect to see some sort of stipend! Use this tool to calculate based on your unique situation.

  • Independent Filers — If you made $75,000 or less and file independently, you can expect a $1,200 payment. For every $100 over that amount earned, your payment drops $5. For example, if you make $85,000, you will take home $700. If you make over $99,000/year you will not receive payment.
  • Joint Filers — If you’re married and file jointly and have a combined income under $150,000, you can expect a joint payment of $2,400. And if you have dependents, you stand to get a higher payment ($500 per child under age 16). If your combined income surpasses $198,000/year you will not receive payment.
  • Direct Deposit — How to get the money, you ask? Well if the government already has your banking information from a past tax filing, you’ll get the payment directly deposited into your checking account. There are ways to submit your direct deposit information online, but the IRS is warning citizens of fraud and theft possibilities. Otherwise, it will be a paper check via snail mail, going out starting on April 24th.

The IRS has created this vetted tool to track your stimulus check, regardless of direct deposit or mailing. Simply enter your SSN, DOB, and address and they can let you know where and when to expect your $$$.

If you’re having trouble receiving your stimulus payment, check out this resource for troubleshooting help.

We will be continuing to update this list with new developments. If there is anything we missed or you have advice to share with our community, please reach out to us at Stay safe and wash your hands!

We're really social.