Unemployment Benefits 101
Table Of Contents
During this tough time, unemployment may happen to you. And if it does, you’ll want to know how to apply for unemployment benefits. Here’s everything you need to know.
Who Can Apply For Unemployment Benefits?
More than 10 million individuals have applied for unemployment benefits, and the number is still growing.
You may qualify for unemployment benefits if:
You have lost your job most recently through no fault of your own
You have been furloughed most recently through no fault of your own
Your company has closed permanently or temporarily most recently
How & When Can I Apply For Unemployment Benefits?
You can apply online, over the phone, or in person through the state where you worked.
You should apply for unemployment benefits immediately after you lose your job or get furloughed.
How Much & How Can I Get Unemployment Benefits & How Long Do They Last?
The requirement to get the benefits may vary from state to state. In some states, you need to show that you are actively looking for a new job. You may also need to prove that you were employed before applying for the benefits. For example, you may have to offer proof that you were paid a salary within a certain period of time.
The amount of unemployment benefits you receive varies by state. In many states, it is about half of your salary. You get the payments from the state in which you worked, and they are typically made weekly.
How long the benefits last also varies by state. While most states will pay unemployment benefits for 26 weeks, some states like Idaho pay for fewer weeks, and some states like Montana pay for more weeks.
What Other Benefits Can I Get?
Additional Unemployment Benefits:
Apart from the weekly unemployment benefits, you can also receive $600 a week from the date you lose your job to July 31, 2020. Besides, the CARES Act can also extend your unemployment benefits by another 13 weeks.
The CARES Act also offers stimulus checks to taxpayers up to $1,200 per person.
Paid Sick Leave:
If you’re still working and have to take some time off to take care of yourself, a family member, or a kid coming home from school, you may be eligible for paid sick leave.
Student loan borrowers can enjoy many benefits, such as 0% interest rates, suspension of federal student loan payments, and no garnishment of wages, tax refunds or Social Security benefits through September 30, 2020.