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Pandemic Unemployment Assistance information

emeryjre

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Just discovered this benefit for my Aunt's Grandson. He is an independent contractor that had not paid into State UI and has lost all income. Maybe someone you know has similar problem.


What is the difference between Pandemic Unemployment Assistance and regular unemployment insurance?
Pandemic Unemployment Assistance is a benefit of last resort for those who do not qualify for regular unemployment insurance. For example, small business owners/true independent contractors and employees who do not have sufficient earnings in their base period.

When is the extra $600 in benefits provided by the federal government set to expire?
The additional $600 in benefits provided by the federal government (known as Pandemic Unemployment Compensation, in the CARES Act) will be in effect until July 31 for those who are eligible to receive unemployment insurance or Pandemic Unemployment Assistance.

What are the options for self-employed people or independent contractors affected by the pandemic?
Self-employed people who did not have any regular employment — or did not earn sufficient earnings as an employee — during the 2019 calendar year will be eligible to apply for Pandemic Unemployment Assistance, which is intended to be a benefit of last recourse for those who are not eligible to receive unemployment.
 

pedro47

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If I was unemployed or underemployed, I would love the Pandemics Unemployment benefit of $600 per week; tax free for 12 weeks. IMO.
$7200 is not bad for an underemployed worker.
 

bogey21

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If I was unemployed or underemployed, I would love the Pandemics Unemployment benefit of $600 per week; tax free for 12 weeks. IMO.
$7200 is not bad for an underemployed worker.
Agree. My Son's wife is getting the $600/$7,200. She is self employed and unable to do business. Every little bit helps...

George
 

SmithOp

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If I was unemployed or underemployed, I would love the Pandemics Unemployment benefit of $600 per week; tax free for 12 weeks. IMO.
$7200 is not bad for an underemployed worker.

Is there a special provision that makes it tax free? Normal UI is taxable income.


Sent from my iPad using Tapatalk Pro
 

easyrider

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Is there a special provision that makes it tax free? Normal UI is taxable income.


Sent from my iPad using Tapatalk Pro

No, it isn't tax free. Federal taxes will need to be paid on the unemployment funds received this year. In some states so will state income tax. When a person applies for this benefit they can opt to have the Federal tax withheld.

Bill
 

presley

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In California, you can either have them take out 10% each pay period for Federal Tax or you can pay your quarterlies on estimation. There is no state tax due for unemployment checks.
 

pedro47

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No, it isn't tax free. Federal taxes will need to be paid on the unemployment funds received this year. In some states so will state income tax. When a person applies for this benefit they can opt to have the Federal tax withheld.

Bill
My mistake, let them take out the Federal & state taxes . This is still a good deal.
 

pedro47

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In California, you can either have them take out 10% each pay period for Federal Tax or you can pay your quarterlies on estimation. There is no state tax due for unemployment checks.
Let them deduce your taxes from your unemployment checks weekly. IMO.
 
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