What you need to know about being unemployed?
Do you like your job? Are you learning anything from your job? Is it worth leaving the company and think about your next step? Before you start answering these questions, you need to know what your obligations and rights are if you want to be unemployed soon. In order for you to claim your unemployment benefits, your reason for resigning should not fall under these categories:- 1) left the company to get married 2) resigned because you are sick 3) left the company without a good cause 4) terminated because of misconduct If your reasons are not within these variables then you are eligible to claim your unemployment benefits. Since you have been consistently paying your taxes, you ask the question: do i file taxes for unemployment? Sadly, the answer is yes. Why do you need to do this when you have lost your job? This is because the government is providing you with unemployment benefits to cover for your daily necessities. Since your unemployment benefits taxable income, you can still be assured that your healthcare benefits are still intact, which is the most important cause as to why you are still paying taxes even though you are unemployed. Previously, unemployment benefits were not considered taxable income however in 2009; a law was implemented wherein your first $2400 in unemployment benefits will not be taxed. This regulation was made as a law so that people will not settle for just claiming their unemployment benefits. They are well aware that this support from the government is going to be available for a limited period time only, 26 weeks to be exact. Though it can be extended for another 13 weeks, it cannot go beyond than that. So before you leave your job and go hiatus, think about the ifs and buts along the way. Maybe resigning from your post is not the only option – maybe you just need a long break.
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