@isaiah58 wrote:
Expect a ton of future audits, the Federal Government isn't going to just give money away and not eventually verify qualifications.
@SteveSoCal wrote:
In CA, unemployment us not taxable. They will take federal taxes out if you ask them to do so.
My friends who are receiving PUA requested to have taxes deducted, and it was only taken from the EDD award, not the $600 stipend. We have yet to see if that will actually be taxed. There's is some conflicting information out there....
@chiffon cupcakes wrote:
I requested both state and federal taxes be taken out and they've been taking federal and state taxes out of my extra $600. Obviously this is just anecdotal, but I do think the $600 extra will be taxed.
@SteveSoCal wrote:
@chiffon cupcakes wrote:
I requested both state and federal taxes be taken out and they've been taking federal and state taxes out of my extra $600. Obviously this is just anecdotal, but I do think the $600 extra will be taxed.
What state are you in? It's kind of interesting that each state is handling this so different...but also totally confusing.
@shopper8 wrote:
Tstewart3 Can you verify this statement.
@shopper8 wrote:
Tstewart3 Can you verify this statement.
@SteveSoCal wrote:
@chiffon cupcakes wrote:
I requested both state and federal taxes be taken out and they've been taking federal and state taxes out of my extra $600. Obviously this is just anecdotal, but I do think the $600 extra will be taxed.
What state are you in? It's kind of interesting that each state is handling this so different...but also totally confusing.
@MsJudi wrote:
In NJ, the website says both UE and the extra $600 are taxable.
@sestrahelena wrote:
@SteveSoCal wrote:
@chiffon cupcakes wrote:
I requested both state and federal taxes be taken out and they've been taking federal and state taxes out of my extra $600. Obviously this is just anecdotal, but I do think the $600 extra will be taxed.
What state are you in? It's kind of interesting that each state is handling this so different...but also totally confusing.
My daughter in New York is still trying and is having no luck. Yet my state was right on the ball with no hesitation at all.
@SteveSoCal wrote:
In CA, unemployment us not taxable. They will take federal taxes out if you ask them to do so.
My friends who are receiving PUA requested to have taxes deducted, and it was only taken from the EDD award, not the $600 stipend. We have yet to see if that will actually be taxed. There's is some conflicting information out there....
@sandyf wrote:
My understanding is that unemployment/$600 Cares $$ will not be taxed by the state of California but we are still liable for federal taxes.
@SteveSoCal wrote:
In CA, unemployment us not taxable. They will take federal taxes out if you ask them to do so.
My friends who are receiving PUA requested to have taxes deducted, and it was only taken from the EDD award, not the $600 stipend. We have yet to see if that will actually be taxed. There's is some conflicting information out there....
@SteveSoCal wrote:
My understanding as well, but they are not taking Fed taxes out. Strange...
Did you get paid yet?
Of my 10 friends that applied, 2 have received $$ and the rest are all tied up in red tape.....
@sestrahelena wrote:
To be on the safe side, it would probably be best for anyone who is involved in any of the unemployment or government offerings at this time retain all their records indefinitely instead of the 7 plus years that the IRS recommends.
@sandyf wrote:
Wondering why you are recommending this. Reasoning?
@sestrahelena wrote:
To be on the safe side, it would probably be best for anyone who is involved in any of the unemployment or government offerings at this time retain all their records indefinitely instead of the 7 plus years that the IRS recommends.
@sestrahelena wrote:
@sandyf wrote:
Wondering why you are recommending this. Reasoning?
@sestrahelena wrote:
To be on the safe side, it would probably be best for anyone who is involved in any of the unemployment or government offerings at this time retain all their records indefinitely instead of the 7 plus years that the IRS recommends.
Because when things straighten out somewhat, the government might take extra steps to find money owed to them which could include auditing everyone in an attempt to find lost revenue. It happened in one state where they went back about 20 years and started mailing out tickets and fines for supposed infractions. People did not all have records from so long ago to prove non-guilt so they were forced to pay, including extra fees.