Better Benefits for the Unemployed
Qualified filers get an extra $25 a week.
By Kimberly Lankford, Contributing Editor
From Kiplinger's Personal Finance magazine, May 2009
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The stimulus increases weekly unemployment benefits by $25 through 2009. The increase is automatic; people who are collecting unemployment won't need to take any extra steps to boost their benefits.
Plus, you're entitled to a tax break. Unemployment benefits are usually subject to federal income tax, but the first $2,400 in unemployment benefits in 2009 will be tax-free.
The bill also lengthens the period for applying for the emergency unemployment-compensation program until December 31. That program provides up to 33 weeks of extended payments if you exhaust your regular benefits. Contact your state unemployment-benefits office for more information.
See More From the Stimulus Guide
The New Stimulus Tax Credit
This tax break puts up to $400 in your pocket.
New Car Sales-Tax Deduction
Car buyers have till the end of the year to grab this above-the-line deduction.
New Homebuyer Credit
Take up to 10% off your purchase price.
Health-Care Subsidy for the Unemployed
Now there's extra help for paying COBRA coverage.
AMT Tax Relief
Taxpayers get a one-year fix on the alternative minimum tax.
College Aid Gets Fresh Funding
Rather than introduce big new ideas, this bill mostly replenishes underfunded programs and increases amounts available to families.
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