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Unemployment Benefit

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ABINGDON, Va. — A Pound, Virginia, man, who admitted to conspiring with others to defraud the government of nearly $500,000 in pandemic-related unemployment benefits, was sentenced Thursday to more than eight years in prison, prosecutors said.

Unemployment benefits can be a financial lifeline when you lose a job, but you should know that the IRS considers them taxable income. As such, you may need to have income taxes withheld from your benefits, make estimated payments, or create a plan for paying the amount you’ll owe when you file your federal income […]

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Earlier this year, business leaders and Republican governors said to cut off a $300-a-week federal unemployment supplement. Many people, they argued, would then take jobs. Yet three months later, there’s been no big influx of job seekers.

A Bristol, Tennessee, man has been sentenced to 18 months in prison for conspiring with others to defraud the government of more than $499,000 and to commit mail fraud in an unemployment benefits fraud scheme.

Last year, millions of Americans turned to government aid programs to keep their finances afloat during the coronavirus pandemic. But for some people, this much needed cash came with extra strings attached: a prepaid debit card to access their funds. The Consumer Financial Protection Bureau (CFPB) received 2,900 complaints about prepaid government benefits cards in […]

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Yes, you should apply. State rules differ, and it depends how large your income loss is. But in some states, workers whose hours have been sharply cut may be able to claim benefits that would make up for at least some of the lost income. Generally, if your lost pay exceeds what you would receive in unemployment benefits, you may be eligible for aid.