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Unemployment Benefits Calculator – Full Width Template
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The coronavirus pandemic has put millions of Americans out of work. The CARES Act, signed into law in March, significantly expanded unemployment benefits for Americans, including an additional $600 per week on top of state benefits.
This hefty boost in benefits is intended to help the unemployed through the COVID-19 crisis.
Use this calculator to estimate the weekly unemployment benefits you could qualify for under current law.
FAQs
Is this the exact amount I will receive?
No. This calculator shows the sum of maximum state benefits and the Federal Pandemic Unemployment Compensation (FPUC). Not everyone qualifies for their state’s maximum benefit amount. Refer to your state’s unemployment website to determine its maximum benefit and qualification requirements. This should be used as an estimate only.
Do I have to pay taxes on unemployment compensation?
Yes. Unemployment benefits are considered taxable income by the Internal Revenue Service (IRS). That means unemployment benefits are always subject to federal taxes, but state taxes on the benefits vary depending on the state you live in. While enrolling in jobless benefits, fill out a Form W-4V to request a flat 10% be withheld from your unemployment compensation. While that will cover many people’s tax obligations, depending on your total income, 10% might not be enough. Read more on dealing with unemployment benefits and taxes here.
How long will I receive the additional $600 weekly benefit (Federal Pandemic Unemployment Compensation, or FPUC)?
FPUC is set to expire officially on July 31. Congress is currently working to create another stimulus package, and an extension of this benefit is being discussed by both Democrats and Republicans. If the benefit is extended, it could be less than an additional $600 per week, based on current discussions. This calculator will be updated when the next stimulus package is signed into law by President Donald Trump.
How do I apply for unemployment benefits?
Every state runs its own unemployment program. Find your state here in the drop-down box to learn how to apply.
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