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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...
Jobless workers in Tennessee, Florida, and Arkansas are suing their governors for opting out of unemployment programs earlier than the federal expiration in September, with one of the latest ...
Arkansas' March unemployment rate was 4.4% down from its 10% pandemic peak in April 2020, while South Carolina's and Montana's unemployment rate was 5.2% and 3.8% respectively in March down from ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
This caught some by surprise since Iowa was struggling (compared to other states) to distribute coronavirus vaccines in early February. [117] On February 26, Arkansas fully repealed all mandates except for a mask mandate, which the governor said would likely be repealed at the end of March. Arkansas continues to make recommendations. [118]
The Families First Coronavirus Response Act is an Act of Congress meant to respond to the economic impacts of the ongoing COVID-19 pandemic. The act provides funding for free coronavirus testing, 14-day paid leave for American workers affected by the pandemic, and increased funding for food stamps .
Under normal circumstances, income from unemployment insurance is treated as income from a paycheck and subject to federal tax and state taxes where it applies. Unemployment income is also ...
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.