Portion of Unemployment Benefits Non-taxable

The IRS recently published information about the non-taxability of unemployment benefits. The American Recovery and Reinvestment Act of 2009 (or Stimulus Bill) has given individuals that are collecting unemployment benefits in 2009, the ability to exclude the first $2,400 of these benefits. The exclusion applies to each individual separately even for married couples filing. This exclusion applies only to benefits …

DOL COBRA Subsidy Model Notices Due This Week

The Sectretary of Labor must release model notices for the subsidized COBRA program no later than thirty (30) days after the date of enactment (2/17/09) of the American Recovery and Reinvestment Act of 2009. This week will culminate the 30 days, therefore the model notification should be released by the 19th of March. As a reminder, employers have sixty (60) days from enactment …

Stimulus Package Affects Multiple Aspects of Employment.

 The economic stimulus package contains provisions affecting employers. The American Recovery and Reinvestment Act of 2009, or simply stated stimulus package, will affect many aspects of employment over the next several years.  The stimulus package addresses employee benefits, taxable income, unemployment benefits and information privacy rights. Over the next several weeks, StaffScapes’ blogs will be written to explain in more …