Subscribe
Briefing

Fiscal deal will cost you: 8 tax changes

Here are eight tax changes under the 'fiscal cliff' deal that may hit your pocketbook.

7. Extended unemployment insurance benefits preserved

  • close
    Job seekers stand in line to meet with prospective employers at a career fair in New York City in this October file photo. A new congressional deal preserves extended federal unemployment benefits for an additional year.
    View Caption
  • About video ads
    View Caption
of

The fiscal deal continues the extended unemployment insurance benefits for the long-term unemployed for an additional year. In some hard-hit states, that coverage provided aid for up to 99 weeks. That coverage was due to expire Jan. 1 and would have caused jobless aid to expire after 26 weeks of state unemployment benefits. By one estimate, the new deal from Congress will keep some 2 million jobless from being cut off immediately and another 1 million from losing the aid early this year.

7 of 8

 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
FREE Newsletters
Get the Monitor stories you care about delivered to your inbox.
 

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK