Why having multiple jobs could cost you
How millennials have been affected by unemployment during coronavirus CNBC Make ItHaving multiple jobs is often touted as a way to get ahead. None of that income is being counted towards her weekly state unemployment benefit from New York. Kristin GuerinLess in unemployment seven months later The situation for mixed earners has become more dire as unemployment benefits decline. Some workers impacted by the health crisis couldn't get any unemployment insurance because they had W-2 jobs. She was denied PUA because she had W-2 jobs.
cnbc.comIndependent contractors may find less money in their unemployment checks
She applied for unemployment benefits but is receiving less money than envisioned. Boyana BaltaMany independent contractors and self-employed workers could get smaller unemployment checks than they anticipate. Here's the problem: Some, if not all, states are looking at the more-meager W-2 income to determine the size of weekly unemployment checks. The coronavirus relief law, known as the CARES Act, significantly expanded unemployment benefits. Boyana Balta Independent contractor in Los Angeles, Calif.
cnbc.comThe IRS delayed refunds for 275,000 taxpayers last year. Here's why
MaskotIf you waited more than a month for the IRS to process your tax return and get a refund last year, you're in good company. These taxpayers were flagged because they claimed the earned income tax credit, the additional child tax credit or they had incomplete wage and withholding data on their Form W-2. Approximately 275,000 of these tax returns were held for more than 40 days, resulting in financial hardship for people who relied on those refunds. While delayed refunds may be a nuisance for some, many taxpayers rely on those checks. Indeed, households that claim the earned income tax credit or the additional tax credit and who are thus likely to be low-income already have their refunds delayed until late February, due to additional screening by the IRS.
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