Friday, December 17, 2010

Will the 2010 Tax Act Help Unemployed in Pennsylvania?

Ok, here is how the new Act is going to work for Pennsylvania residents, at least where unemployment is involved.

First of all, under no circumstances will anyone get more than 99 weeks of unemployment.  Those who have already used up their 99 weeks, referred to as the 99ers, will gain no additional benefits as a result of this Act. 

Second, only states with unemployment rates of 8.5% or greater will benefit from the Act.  Does that include Pennsylvania?  I believe so; a News Release issued this morning at 10:00 a.m. by the United States Bureau of Labor Statistics has Pennsylvania's unemployment rate at 8.6% - whew!

So it is good news, bad news.  Click here for excellent article with overview of this issue.

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