A new law allows for most individuals to be exempt from paying taxes on the first $10,200 received in federal disaster aid programs, including the $345 a week from Pandemic Unemployment Assistance, the $600 a week of Federal Pandemic Unemployment Compensation, and the $300 through the Lost Wages Assistance program.
The Department of Labor has issued guidelines to claiming pandemic unemployment benefits as a tax exemption for tax year 2020.
If you are married, each spouse claiming unemployment benefits will receive the same exemption on taxes up to $10,200.
The following information can also be found on our hireguam.com system. Ensure you follow all of the rules and regulations. You will see a banner with a link that will take you to an information page on how to file the tax exclusion and how to file an amendment if you filed your 2020 taxes prior to the enactment of the American Rescue Plan, which created the tax exclusion.
Some Unemployed New Yorkers Will Have To Pay Back Money To The State After They Were Overpaid
arrow Pedestrians pass in front of the New York State Department of Labor building, in New York on January 8th, 2021. CHINE NOUVELLE/SIPA/Shutterstock
An unknown number of New Yorkers receiving jobless benefits may have to pay some of that money back to the state after they were overpaid a year ago.
The state s Department of Labor said a small number of people received double payments in April and May 2020 as the state s unemployment system was crushed from the benefits applications submitted by hundreds of thousands of newly unemployed individuals during the COVID-19 pandemic.
Georgia’s Unemployment Rate Drops In March While Jobs Increase Thursday, April 15, 2021
The Georgia Department of Labor announced Thursday that Georgia’s unemployment rate dropped 0.3 percentage points to reach 4.5 percent in March while the state saw a significant increase in the number of jobs.
“March is yet another month where we have seen job growth throughout the state,” said Labor Commissioner Mark Butler. “EmployGeorgia is showing triple the amount of job listings that we were seeing at the start of pandemic. Georgia has gained a vast majority of the jobs that were lost since March of last year, and we continue to remain strong in economic growth and business development.”
Weekly unemployment claims keep moving up | Vermont Business Magazine vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.
Data shows more women experienced pandemic work loss
By Steve Limtiaco
More than 28,700 Guam residents lost work because of the pandemic, according to demographic information released this week by the Guam Department of Labor, which is managing the federally funded pandemic unemployment programs.
As of March 15, the labor department paid more than $567.2 million in benefits to those applicants, including $280.2 million in Pandemic Unemployment Assistance, $253.2 million in Federal Pandemic Unemployment Compensation, and $33.8 million in Lost Wages Assistance.
Most applicants for assistance, 12,418, reported they still were working, but with reduced hours, 9,450 applicants reported they were completely unemployed, and 6,334 reported they were furloughed.