Business & Finance

TRENTON, NJ — The head of the state's Department of Labor said that the measures enacted to slow the spread of the coronavirus have caused unemployment numbers to soar to record-breaking levels.

Labor Commissioner Robert Asaro-Angelo said on May 21 that the New Jersey's unemployment rate has hit 15.3 percent — the highest level since the state first ...

TRENTON, NJ — Workers who have exhausted their state unemployment benefits may now be eligible for an extension. The state Department of Labor and Workforce Development said on May 19 that it has begun notifying some workers already receiving benefits that they may be eligible for a 13-week extension under the federal Pandemic Emergency Unemployment ...

WASHINGTON, DC —  U.S. Treasury and IRS will begin sending nearly 4 million economic impact payments by prepaid debit card, instead of by paper check.

Card recipients can make purchases, get cash from in-network ATMs, and transfer funds to their personal bank account without incurring any fees. They can also check their card balance online, by mobile app or by phone without ...

TRENTON, NJ — The N.J. Labor Department reports that 800,000 unemployed and underemployed workers are now receiving state and federal benefits. "That’s more people than the number of people who live in five states," it boasted on its Twitter page. 

Recognizing that many people have been unable to claim their benefits, the agency also ...

Employers affected by COVID-19 have three important new credits available to them, according to the IRS. Here a rundown: 

Employee Retention Credit:

The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50 percent of up to $10,000 in wages paid by an eligible employer whose business has been financially ...

As economic impact payments continue to be successfully delivered, the Internal Revenue Service today reminds taxpayers that IRS.gov includes answers to many common questions, including help to use two recently launched Economic Impact Payment tools.

The IRS is regularly updating the economic impact payment and the Get My Payment tool frequently asked questions pages on IRS.gov as more ...

The IRS has two tools to help millions of taxpayers with their economic impact payment. The payments are $1,200 per eligible person and up to $500 for each qualifying child.

The first tool, Non-Filers: Enter Payment Info Here is available — in English and Spanish — for certain taxpayers who don’t normally need to file a return. This free tool allows them to enter basic ...

WASHINGTON, DC — The Internal Revenue Service has made significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive economic impact payments.

As of April 17, the IRS issued 88.1 million payments to taxpayers across the nation, worth nearly $158 billion. In New Jersey, more than 2.2 million ...

To help millions of people, a new web tool allows quick registration for economic impact payments for those who don’t normally file a tax return.

The non-filer tool, developed in partnership between the IRS and the Free File Alliance, provides a free and easy option designed for people who don’t have a return filing obligation, including those with too little income to file.

WASHINGTON, DC — To help taxpayers, the Department of Treasury and the Internal Revenue Service has extended additional key tax deadlines for individuals and businesses.

Last month, the IRS announced that taxpayers generally have until July 15 to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be ...