Income & Work

What Are Unemployment Benefits?

Unemployment benefits are temporary payments to eligible workers who lose their jobs through no fault of their own, such as a layoff. In the US, they are provided through state unemployment insurance programs, and the weekly amount and duration depend on the state and the worker’s previous earnings.

Eligibility

Programs typically require recent work history, a job loss not caused by misconduct, and active job searching.

Taxes

US unemployment benefits are generally subject to federal income tax.

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Last updated: September 29, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.