Why States are Changing Unemployment Benefits
Unemployment insurance benefits provided a valuable lifeline to Americans during the COVID-19 pandemic. “As many as 46 million individuals received unemployment payments in 2020, representing 1 out of every 4 workers,” notes the Center for Budget and…
Article at Solid State Operations
What is “Frictional Unemployment?”
When you studied physics in high school or college, you may remember getting homework assignments asking you to calculate the force of two objects on each other, but to “ignore friction.” Typically, that’s because the small amount of force attributed…
Article at Solid State Operations
Why Advocates Want to Expand the Excluded Workers Fund
Not everyone who loses their job is eligible to receive unemployment insurance benefits, but several states have been taking steps to address that. Generally, these workers are referred to as “excluded workers,” because they are typically excluded…
Article at Solid State Operations
If You Work Remotely, Where Do You Pay Taxes?
There have always been some people who worked remotely for companies in other states, but that number exploded during COVID-19. First, many employees started working at home – often because they were required to due to quarantine restrictions and…
Article at Solid State Operations
What Happens if You File Your Taxes Late?
*This isn’t tax advice, consult a tax professional if you have any questions.* What are the Consequences of Filing Taxes Late? After the last two years of extended tax deadlines – May 17 in 2021, and July 15 in 2020 – you might be forgiven if you…
Article at Solid State Operations
States Look for Ways to Pay Back Unemployment Loans
During the recession caused by COVID-19, a number of states had to borrow money, in the form of unemployment loans, from the federal government to be able to continue paying out unemployment benefits to their workers. Now the states that did that are…
Article at Solid State Operations
What is a 1099-G Form?
What’s this 1099-G Form I Just Got? If you received unemployment benefits last year, chances are you may have received something new in the mail: a 1099-G form. Hang onto it. It’s something you’re going to need for your taxes. What is a 1099-G Form?…
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