Massachusetts offers a whopping $855 per week as its maximum benefit, while Hawaii's maximum payment is $648. These two states also have a high cost of living—Hawaii's being the highest of all according to the Cost of Living Index from the Missouri Economic Research and Information Center.
Workers in most states are eligible for up to 26 weeks of unemployment benefits from regular state-funded unemployment compensation, but some states allow for fewer weeks. Under a new federal law, you can receive an extra $600 per week from April 5, 2020 until July 31, 2020.
The relief bill offers $1,400 stimulus checks to individuals who earned less than $75,000 a year and phases out until $80,000. Workers who lost income between 2019 and 2020 and now fall under this threshold have an incentive to file their taxes soon in order to get a third stimulus check quickly.
The EDD will compute your weekly benefit amount based on your total wages during the quarter in your base period when you earned the most. For all but very low-wage workers, the weekly benefit amount is arrive at by dividing those total wages by 26—up to a maximum of $450 per week.
Unemployment rate by jurisdiction
Rank | Rank (50 states) | State federal district or territory |
---|---|---|
1 | 1 | Nevada |
2 | 2 | Michigan |
3 | 3 | Hawaii |
4 | 4 | Rhode Island |
Unemployment Hawaii and New York had the highest unemployment rates in March, 9.0 percent and 8.5 percent, respectively. Nebraska, South Dakota, Utah, and Vermont had the lowest rates, 2.9 percent each.
California did not withhold taxes on the enhanced $600 benefits made available through the FPUC program. ... All said, that means millions of workers could owe "thousands of dollars per family" in unemployment benefits on their 2020 taxes, according to Galle and Pancotti.
$300 Weekly Unemployment Benefit Extension Until Sept.
6, 2021. This payment is an extension of Federal Pandemic Unemployment Compensation (FPUC), which was once worth $600 per week but has offered $300 per week since late Dec. 2020.
Usually, you can only collect up to 26 weeks of regular Unemployment Insurance (UI) benefits within a benefit year. A benefit year is the 12-month period from the start of your claim.
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