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A wave of companies, together with Amazon, Google and Spotify, have introduced deep cuts to their head rely, leaving former staff with out a paycheck.
Fortunately, the unemployment insurance coverage program, created in 1935, gives help to sure individuals who have misplaced their job. The federal program is run by states, and the principles range based mostly on the place you reside.
Many employees have been paying into this system for years with the potential for a layoff in thoughts, stated Michele Evermore, a senior fellow at The Century Foundation. As a consequence, she stated, they should not be shy about making use of for the help.
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“If you crash your automotive and you’ve got been paying insurance coverage, you typically file a declare,” Evermore stated. Similarly, with unemployment insurance coverage, she stated, “you paid into this, you must get some a refund.”
Here’s what you want to know about the benefits.
How quickly after a layoff can I apply for unemployment?
“As quickly as you allow your job, try to be in your method to the unemployment insurance coverage workplace,” Evermore stated.
In some states, it could actually take weeks for your declare to be accredited, so the earlier you file the higher.
While most states have a one-week ready interval earlier than they’ll begin paying you benefits, you do not have to wait to request the aid, Evermore stated.

Where do I apply for unemployment?
Do I qualify for unemployment benefits?
Generally, to be eligible for unemployment benefits you’ve gotten to have been laid off by way of no fault of your individual, Evermore stated. Maybe the job simply wasn’t a good match for you, or your organization was downsizing.
But it would not damage to apply even when you’re not sure when you qualify, Evermore stated. Many individuals prematurely exclude themselves from this system, she stated: “There’s a lot of mythology round who qualifies.”
People could also be stunned to study, for instance, that in some circumstances they’ll qualify for unemployment benefits even when they give up, Evermore defined.
For occasion, in some states you are eligible for the profit when you made the selection to go away your job after your employer requested you to switch to a location the place your commute can be too lengthy, or when you had to go away your job as a result of your associate’s employment was relocated.
What are the necessities of this system?
To obtain and preserve receiving unemployment benefits, you’ve gotten to have the ability to work and actively be looking for new employment, Evermore stated.
States have other ways of creating positive you are trying for work, she added. In some circumstances, you may be accountable for conserving a log of labor search efforts by yourself, and in different states, you may have to name in to the state unemployment workplace and share what jobs you have utilized to on a common foundation.
“In some states you might also report work search on-line,” Evermore added.
When you apply for benefits, ensure you study about how to fulfil any necessities in your state.
Are unemployment benefits taxable?
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Yes, Evermore stated: The benefits are topic to federal taxes, and most states take them, too.
When you begin to get unemployment funds, your state will sometimes provide the possibility to have taxes withheld.
“I’d all the time take that possibility,” Evermore stated. “You might be in for a lengthy spell of unemployment after which get hit with a large tax invoice.”
What is the everyday weekly profit?
In the third quarter of 2022, the typical weekly unemployment profit was round $385. But there’s a giant vary within the funds by state. For instance, in Washington state, the profit was practically $600 throughout that interval. In West Virginia, it was round $305.
There are different assets, too, for individuals financially struggling due to a job loss, Evermore stated.
“Unemployment insurance coverage is not the one program on the planet,” Evermore stated, including that out-of-work individuals also can attempt making use of for food stamps and different assist.
For how lengthy may I get the profit?
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The normal length for unemployment benefits is 26 weeks, however that timeline varies by state.
For instance, Missouri just lately slashed its profit length, and a few employees could solely obtain funds for eight weeks there.
I acquired unemployment benefits through the pandemic. Could I qualify once more?
It’s attainable, Evermore stated.
Workers are sometimes eligible for unemployment benefits for a specific amount of weeks per profit yr; relying on how lengthy has handed since your final interval of joblessness, and what number of weeks you beforehand acquired the benefits, it is attainable you might qualify once more after one other job loss for not less than some extra weeks and presumably one other full length.
I acquired severance pay. Will that affect my unemployment benefits?
In most states, in case your layoff included severance pay, your unemployment benefits will possible be diminished for the interval during which you are still receiving funds out of your former employer.
But, once more, it is dependent upon your state. In some circumstances, your severance bundle can have no affect in your unemployment benefits, Evermore stated.