can i collect unemployment if i get ppp?
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Unemployment benefits are intended for workers who are no longer working and being paid. You may very well run into legal issues if you receive a PPP loan based on payments to yourself from your own business, and receive unemployment benefits for being out of work at the same time.
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Unemployment Qualifications Receiving food stamps won't jeopardize your unemployment benefits, as food stamps are not wages. However, if your unemployment benefits are high enough, they may either disqualify you from receiving food stamps or may reduce the amount of food stamps that you can get each month.
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Do I qualify for unemployment? The answer is, if you're a driver for Uber, Lyft, GrubHub, Postmates, or another driving or delivery service, and you're an independent contractor – yes. You didn't qualify before the CARES Act was enacted, but you do now. ... Under the CARES Act, you will self-qualify.
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Am I eligible for unemployment benefits? A. If you are not receiving payment from your employer, such as paid sick leave or paid time off, you may be eligible for unemployment benefits.
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Private-sector workers who are furloughed or laid off due to a government shutdown because they were employed by government contractors may be eligible for regular UC benefits if they did not receive pay for those unemployed weeks (including, for example, vacation pay or other paid leave).
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Unemployment benefits are taxable. Total income is generally lower when you are collecting unemployment so you may qualify for the Earned Income Tax Credit (EITC) or a higher childcare credit, and you may even be eligible for the Additional Child Tax Credit.
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That means you receive a paycheck from your business that deducts federal and state taxes (including unemployment taxes). To receive benefits, you must actively seek work each week that you file a claim. You can file a claim with the unemployment insurance program in the state where you worked.
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The PPP gives small businesses and self-employed folks loans that are 2.5 times their monthly payroll costs. ... Self-employed folks and independent contractors can now qualify for unemployment and those unemployment benefits have been given a boost with an extra $600 in benefit payments for 13 weeks.
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It depends on the state where you work, and the circumstances of your case. It is possible you can collect unemployment even if you are still working, but you may lose some of your benefits.
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Your pregnancy will put you in a phase of inactivity from a work point of view unless you have some kind of alternate arrangement with your employer. Therefore, you will not qualify to receive unemployment compensation.
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Eligibility for unemployment benefits depends on several factors, including your state and employment status within your business. But generally, small business owners can file for unemployment if: They worked as a wage-earning employee of the company. They paid federal and state unemployment taxes.
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As a business owner, you can qualify for unemployment insurance benefits if you pay yourself a salary or wages in addition to receiving dividends. ... Even if you pay yourself a wage, you would have to close your business through no fault of your own in order to qualify for unemployment.
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If your business receives a PPP loan and you make an offer to retain your employees, they will likely not be eligible for unemployment benefits.
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His takeaway: You can accept a PPP grant, suspend your Unemployment for eight weeks and then go back on. Or you can accept PPP money and use it as a grant to pay your business expenses, then pay it back, and still collect Unemployment.
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Pennsylvania's self-employed, independent contractors, gig workers and others not eligible for unemployment compensation can now begin filing claims for Pandemic Unemployment Assistance (PUA) benefits. ... Pennsylvanians who meet PUA eligibility requirements can apply online by clicking here.
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If your employer calls you back to work, your benefits will end. Although you can collect unemployment while earning small amounts of money, you will no longer be eligible for benefits once your earnings reach a certain threshold. ... To collect benefits, you must be able, available, and actively seeking work.
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While you can apply for both programs, you cannot collect funds from both programs at the same time. If you are approved for both programs however, your PPP funds would be considered “income” and you would need to report that income to the state employment insurance department.