About 40,000 people just lost unemployment benefits in Illinois. Here’s why, and who will lose them next.

The IRS says it will automatically start sending refunds to people who filed their tax returns reporting unemployment income before getting a $10,200 tax break under the American Rescue Plan......»»

The labor market is weaker than it seems because the official unemployment rate ignores people who've lost hours or have given up looking for work.....»»

The labor market is weaker than it seems because the official unemployment rate ignores people who've lost hours or have given up looking for work.....»»

White households in total held $103.4 trillion of wealth in the last quarter of 2020, a $9.58 trillion gain from the end of 2019. People line up to receive unemployment benefits. John Sommers II/Getty Images .....»»

The temporary setback could hit mostly gig workers, freelancers, and people who exhausted their state unemployment benefits. A person files for jobless benefits. Nick Oxfo.....»»

Though jobless benefits count as taxable income, one part of the sprawling law says the first $10,200 of those benefits are exempt from federal income taxes for households making under $150,000......»»

Though jobless benefits count as taxable income, one part of the sprawling law says the first $10,200 of those benefits are exempt from federal income taxes for households making under $150,000......»»

Even in a "normal" year, the IRS is taxed, the CEO of H&R Block says, adding there's been a lot of "p.....»»

"It's like the wild west," one seller told Insider after he lost over $200 in the process, thanks to something called a "gas fee." Beeple's piece "Crossroad.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Nearly 800,000 people applied for unemployment benefits in early February, signaling that scores of workers are still losing their jobs despite the rollout of coronavirus vaccines and a decline in Covid-19 cases......»»

Simple tax forms being sent to people who never collected unemployment benefits are revealing their identity was likely stolen months ago, used to claim bogus benefits that have totaled billions.....»»

Simple tax forms being sent to people who never collected unemployment benefits are revealing their identity was likely stolen months ago, used to claim bogus benefits that have totaled billions.....»»

U.S. stock futures on Thursday were edging tentatively higher as investors braced for the busiest day of the fourth-quarter earnings season and a weekly update on the number of people seeking unemployment benefits amid the COVID-19 pandemic......»»

Illinois is reaching out to gig and self-employed workers who may be eligible for another 11 weeks of unemployment benefits — but there’s now more paperwork invol.....»»

Bars and restaurants got crushed again in December after the biggest coronavirus outbreak yet. Eating and drinking establishments lost 372,000 jobs last month, marking the first decline since April when they laid off a whopping 5.4 million people......»»

New applications for state unemployment benefits fell slightly around Christmas and dipped below 800,000 for the first time in a month, but the record coronavirus outbreak is still weighing heavily on the labor market and throwing more people out of work......»»

Unemployment benefits are slated to dry up the day after Christmas if Trump holds up finalizing the $900 billion relief package. President Donald Trump Tasos Katopodis/Getty Images President Donald Trump is slowing momentum on stimulus. The de.....»»

Some 3 million workers in California were notified that their last unemployment checks will go out Dec. 26......»»

We’re about two months into the pandemic, and more than 885,000 people have sought unemployment benefits in D.C., Maryland and Virginia. Of those, more than 103,000 came in just the last week. But let’s not forget the companies scooping up that talen.....»»