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Unemployment extensions are created by passing new legislation at the federal level, often referred to as an "unemployment extension bill". This new legislation is introduced and passed during times of high or above average unemployment rates. Unemployment extensions are set during a date range in order to estimate their federal cost.
Now that Kentucky Senator Jim Bunning has finally relented and allowed the Senate to pass unemployment extension benefits, many out-of-work Americans can breathe a sigh of relief. When there's a ...
In a memo released yesterday, the U.S. Labor Department states that workers who were asked to repay unemployment benefits received through the CARES Act might be able to get a refund, although it...
The federal government pays for 100% of Emergency Unemployment Compensation (EUC) via allocation of money to the states for dispersal. [ 1 ] Amendments were also made to the Railroad Unemployment Insurance Act until December 31, 2012, temporarily extending unemployment benefits for those with 10 or more years and fewer than 10 years of service ...
The act also includes several other tax- and economy-related measures intended to have a new stimulatory effect, mostly notably an extension of unemployment benefits and a one-year reduction in the FICA payroll tax, as part of a compromise agreement between Obama and Congressional Republicans. The overall monetary impact of the measure has been ...
The IRS has finally finished issuing refunds to taxpayers who overpaid their taxes in 2021, when stimulus relief tied to COVID-19 provided tax breaks for unemployment benefits to millions of...
The bill would make a change in application of a certain requirement (nonreduction rule) to a state that has: (1) entered a federal-state EUC agreement, under which the federal government would reimburse the state's unemployment compensation agency making EUC payments to individuals who have exhausted all rights to regular unemployment ...
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