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How to Apply for Unemployment Benefits

How to Apply for Unemployment Benefits

Jacky Hayward | AdminSecret

What to Keep in Mind Once you Have Applied

Once you start receiving checks, each week or every other week you will have to complete questionnaire to prove that you are in fact searching for a job; after all, unemployment insurance is intended to assist you in your job search

In addition, unemployment benefits are taxable. You can elect to have a specified amount withheld each check, but you will be responsible to pay taxes on the income earned come the next tax year, so plan appropriately!

How Obama’s Stimulus Plan will help Unemployment Insurance

Obama’s stimulus plan is still being debated in the Senate, but, in its present state, the stimulus package aims to provide $62 -$76 billion to state fiscal relief in order to compensate for decreasing state budgets. State governments pay in part for unemployment benefits and state run health care programs. With the downturn in the economy, state and local governments will need to increase taxes in order to continue these public services without aid of the federal government; the goal of the stimulus is to keep taxes low while allowing state governments to continue to provide unemployment benefits and other state run programs.

In addition, the current stimulus plan provides $36 billion to states to budget through December 2009. This allotted money will increase unemployment benefits by $25 per week. Further, the stimulus proposal includes suspending taxes on the first $2,400 of these benefits.

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