Personal Finance Help - What to Do When You're Out of Work
In most states, an entrepreneur whose business fails cannot receive unemployment insurance. However, if you lose your job or your business because of a major disaster and are not eligible for regular state unemployment insurance, you may be able to get Disaster Unemployment Assistance (DUA). This comes through the U.S. Department of Labor and is available to those whose employment or self-employment has been interrupted. More information is available at the DOL web site, here.
Hang in There!
If you'd like professional help, one web site we like is LaidOffCentral.com. You'll find news and resources for people who have lost their jobs, plus a few laughs at the company's expense. (Laughter is important at a time like this.)
Of course, we're here for you too, be it a job loss or another financial concern. You can always email us questions or read our advice here on Dolans.com to keep your financial house in order and help you get through the toughest of times.
If you want to get smarter about everything money, here's what we want you to do: Sign up for our FREE email tip-letter called Your Money Matters. It's loaded with advice to make your life simpler and more rewarding -- and it's FREE. Click here for details.
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Child Savings AccountsWhen opening a savings account for your child, make sure their Social Security number is used as the account's tax identification number. That way, as long as your child is under age 14, interest earned will be taxed at your child's lower tax rate, not at your tax rate. This rule holds true as long as your child earns less than $1,300 a year in interest. |
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