Better Benefits for the Unemployed

published 30 April 2009

The stimulus increases weekly unemployment benefits by $25 through 2009. The increase is automatic; people who are collecting unemployment won't need to take any extra steps to boost their benefits.

Plus, you're entitled to a tax break. Unemployment benefits are usually subject to federal income tax, but the first $2,400 in unemployment benefits in 2009 will be tax-free.

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As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.