Tag: Unemployment

Unemployment: Maximum benefits for NYS in 2022

Unemployment: Maximum benefits for NYS in 2022

Many Americans collect unemployment benefits, but what they get depends on what they made while working. People who lose their job and it wasn’t their fault often collect unemployment benefits. The most they can expect is $504 per week. What you get ... MORE
News, Unemployment
Surprise tax bill for Americans who collected unemployment

Surprise tax bill for Americans who collected unemployment

If you collected unemployment during 2021 you may owe money to the IRS. There is no tax break for unemployment benefits like there was in 2020. IRS: You may have received a letter about Qualified Opportunity Funds Who will be impacted? The ... MORE
News, Unemployment
Which states pay the most and least for unemployment benefits?

Which states pay the most and least for unemployment benefits?

Unemployment compensation varies across the US. Some states give out a higher monthly benefit than others. What is the Advance Premium Tax Credit? States with the highest unemployment benefit If you have been dismissed from your job but it wasn’t your own ... MORE
News, Unemployment
Unemployment Benefits: Three states plan to slash benefits

Unemployment Benefits: Three states plan to slash benefits

Many states have started to pull back on unemployment benefits as job openings increase in numbers while reopening continues. The goal with slashing benefits is to try and get people to fill the job openings that have grown. There are currently 11.3 ... MORE
Unemployment: Did rates change for March 2022?

Unemployment: Did rates change for March 2022?

Unemployment rates really fluctuated following the start of the pandemic in 2020, and many are wondering if it’s continuing to get better. The latest summary has been released by the U.S. Bureau of Labor Statistics for March of 2022. The data shows ... MORE
News, Unemployment
How long do you have to work before you can claim unemployment?

How long do you have to work before you can claim unemployment?

Your ability to claim unemployment will depend on your base period. Unemployment compensation varies from state to state. Does Medicare have dental coverage? What is the work requirement? Unemployment programs vary depending on the state you live in. Generally, an employee must ... MORE
News, Unemployment
Unemployment: How many times can I file?

Unemployment: How many times can I file?

Many people in California are out of work and claiming unemployment. But how many times can you file? Stimulus: $75 tax rebates being sent to 25,000 Americans Who can get unemployment in California? In California, you can only claim a maximum of ... MORE
News, Unemployment
Have unemployment applications increased in 2022?

Have unemployment applications increased in 2022?

On the outside it appears that unemployment is looking pretty good. However millions of people have been classified as “left the workforce” and aren’t counted in official data. How does residential energy credit work? What is the current rate? On the week ... MORE
News, Unemployment
Unemployment: Are rates for unemployment better or worse for March 2022?

Unemployment: Are rates for unemployment better or worse for March 2022?

Unemployment claims are currently sitting at the lowest they have been in 52 years, a great thing following the pandemic. The economy benefits greatly when it comes to low unemployment rates, and this is welcome. As the economy suffers from the prices ... MORE
Inflation, News, Unemployment
CARES Act: Can self employed people apply for the CARES Act this year?

CARES Act: Can self employed people apply for the CARES Act this year?

The CARES Act began two years ago at the start of the COVID-19 pandemic to provide financial relief to American people. It was signed into law in March of 2020 by President Trump. The financial relief for was many different people, including ... MORE
CARES Act, News, Unemployment
Auto Draft

Unemployment: Florida benefits explained

Many Americans sometimes find themselves unemployed and in need of assistance. The federal program can be accessed through your state of residence. In Florida, you may collect unemployment benefits if you’re unemployed at no fault of your own. This is temporary assistance ... MORE
News, Unemployment
Auto Draft

Unemployment benefits in California, how to qualify

Many Americans benefitted from unemployment benefits throughout the pandemic, and like most states, California has a process as well. While most states have an unemployment process, rules and what you earned before applying differ between states. When you apply for benefits, you ... MORE
Auto Draft

Unemployment: Are benefits taxed income?

Americans are preparing their taxes, and after the pandemic caused higher rates of unemployment, people are confused. There were a lot of issues with the 2020 tax returns and unemployment thanks to changes under the American Rescue Plan. Now, people are wondering ... MORE
Auto Draft

IRS: Unemployment benefits and tax refunds

In 2020 taxpayers collecting unemployment were lucky enough to not pay taxes on the first $10,200. In 2021, they need to pay taxes to the IRS on their benefits. This move was made under the American Rescue Act when President Joe Biden ... MORE
Auto Draft

IRS: Is my unemployment taxable income?

The pandemic has caused a lot of Americans to collect unemployment over the last two years, but can the IRS tax that? The answer for this year is yes. Last year the American Rescue Plan passed a measure that would exempt the ... MORE