Unemployment Insurance (UI) is usually considered as a taxable income. But the American Rescue Plan that was announced in March 2021 waived the federal tax on up to $10,200 for individuals or up to $20,400 for married couples filing jointly. Since the Rescue Plan was signed into law, millions of Americans have filed their ta.... Read more »
The pandemic-induced economic downturn has caused millions of Americans to lose their jobs. Due to the soaring unemployment rate, the federal government has announced various programs under the CARES Act, which provided financial assistance to millions of unemployed people. However, it is important to note that programs created under the Read more »
The Coronavirus pandemic has taken the United States by storm. It has shuttered the economy leading to a drastic increase in the unemployment rate. In Texas alone, the unemployment rate was 13% in May, and about 2.7 million people have filed for Unemployment Insurance (UI) since mid-March. The Texas Workforce Commission (T.... Read more »
The Department Of Labor provides Unemployment Insurance (UI) benefits if you lose your job through no fault of your own. But the question is, can you collect your unemployment if you quit a job? The answer, Depends. you cannot collect unemployment if you quit your job voluntarily without good cause. But if you had a good r.... Read more »
The states provide Unemployment Insurance (UI) benefits to those who lost their jobs through no fault of their own. Though this financial relief measure is a federal-state program, the amount is collected from employers in the form of state unemployment insurance taxes. Since the taxes collected from employers are used to .... Read more »
To contain the pandemic, the states had asked their citizens to stay at home. This measure forced many businesses to shut down temporarily and furlough their employees. To help the unemployed meet their financial requirements, the states had announced the CARES Act, which included various Read more »
Due to the outbreak of the Coronavirus pandemic, millions of Californians are losing their jobs. To cope up with the situation, the Employment Development Department (EDD) is providing unemployment benefits in California. The benefits are not only available to the unemployed, but also to people who are quarantined or are caring for the sick.
To help the unemployed meet their financial needs, the U.S. Congress has passed a $2 trillion stimulus package, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act includes several unemployment benefits programs, and one among them is the Federal Pandemic Unemployment Compensation (FPUC) program.
As a sector dominated by gig workers and contractors, unemployment in arts, entertainment and recreation sector has been drastic, next only to the accommodation and food services sector in scale. Sub-sectors include performing arts, museums, theatres, amusement parks, gambling arcades, stage shows, fitness centers, spectator sports, etc. The movie industry also .... Read more »