Unemployment Benefits and Taxes: What You Need to Know

When you find yourself out of a job, unemployment insurance is a joint federal-state government program that might provide a safety net to break your fall. The unemployment benefits you get from unemployment insurance are designed to replace some of the income you lost while you search for a new job. It’s not going to replace all of the money you used to make, but it’s something to help you out while you’re on the hunt for a new job.
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