I was thinking it in my head, but finally an article stated it. There are people asking to be laid off from their jobs, because they stand to make more on unemployment, than when employed, as a result of the extra $600/wk for 4 months, on top of regular unemployment benefits.
I've never collected, and never needed to, knock on wood. But imho ethics comes into mind for the above. Not just the employer, but employee. My friend said his wife got benefits. I said wait, your wife, she isn't working, but isn't that her choice? He goes, well, she's a freelancer, and that's covered by the above. Just very strange. Hypothetically, I was likening it to being in a band, where sometimes I have a gig, sometimes I don't. Now I get unemployment too? Very odd.
I'm glad to have a job, I think? lol
My Mom got a stimulus check for $1200. She has been deceased since Oct 2018. Due to the estate not being 100 % complete in 2018 another tax form had to be filled out for 2019. My brother who got it says it states "Deceased" on it.
if she paid taxes in 2019 then probably based on Congress she is eligible or her estate.
When my son was born, it was December. So I figured on my own it would make sense that someone had to be alive an entire year before the generate a child tax credit. Discussed this with coworkers they were no your son born in Dec. you would have gotten a credit even if he were only alive 1 day that year. Oh shoot. Filed an amended return, took like 4 months, but the IRS sent me a check for the credit, plus interest, covering 4 years, due to my mistake. I thought, my mistake, they pay interest on it?
But I do find these strange times where Harvard and Standford giving back the money they got from the stimulus. So much is happening I'm sure not intended. Off the top of my head they have over 40 bil in endowment and I would guess Stanford 26. Pretty sure that money was for mom and pops, not them.
p.s. just saw AutoNation got 77 mil. from the stimulus. They're Fortune 500. Seems the employees shamed their employer and now they're giving the money back. I actually feel it's a double standard, where we don't let corporations get away with it, but we look the other way when individuals take advantage. For example, a person who has discretion on whether they will work or not, and are in a position to do just fine not working, suddenly collects unemployment plus $600/wk. I think it's no different than AutoNation. AutoNation said they followed the law.
I thought, my mistake, they pay interest on it?
Sure. The idea is that the money was in the wrong place, and it has time value, so when the matter gets fixed there is interest to be paid. If the wrong place was in your bank account, then later when it gets fixed there would be interest to be paid as well.
That is in addition to penalty, if any. As interest is not penalty.
The interest rate in question has the rather odd name of "Applicable Federal Rate" and at the moment is 0.99%/annum, which is way lower than it has been most times in my long life.
My friend said his wife got benefits. I said wait, your wife, she isn't working, but isn't that her choice? He goes, well, she's a freelancer, and that's covered by the above.
For example, a person who has discretion on whether they will work or not, and are in a position to do just fine not working, suddenly collects unemployment plus $600/wk.
Under normal circumstances they would not be able to legally collect, however during the 'pandemic' a valid reason for not working is "due to the coronavirus" which in simple terms means if you fear catching the virus by working (if you're a business that's allowed, ie essential) then you do not have to work and can collect.
Things are very different right now. I collect unemployment (UC) every year for a month or so in the winter when construction pretty much stops. The 'extra' $600 every other week is a little more than my normal (per week) weekly benefit is, but neither are more than what I would normally make a week working, a lot less, so I am better off working, but I'm near the top benefit tier. I imagine someone closer to the minimum wage from their normal job would make out better on UC than working.
Federal CARES Act & Unemployment Benefits
On March 27, 2020, the President signed into law the CARES Act, which includes the Relief for Workers Affected by Coronavirus Act. Section 2104 of the CARES Act provides for Federal Pandemic Unemployment Compensation, or FPUC.
FPUC is a temporary federal program that provides an additional $600 per week to individuals who are eligible for unemployment compensation (UC) benefits from Pennsylvania.
The $600/week FPUC benefit is paid on the following UC programs:
Regular unemployment compensation (UC)
Pandemic Emergency Unemployment Compensation (PEUC)
Pandemic Unemployment Assistance (PUA)
Trade Readjustment Allowances (TRA)
State Extended Benefits (EB), if active
FPUC Program Facts:
Individuals do not apply for FPUC. Payments are made automatically.
FPUC is payable for claim weeks ending April 4 through July 25, 2020.
FPUC payments are made one time at the end of each week, which means you will receive your FPUC payments on Tuesday or Wednesday after you are paid UC benefits. This will result in your regular benefits and your FPUC benefits being received approximately 1 week apart.
FPUC is subject to 10% Federal tax withholding from each payment, if you chose to have taxes withheld from your regular UC benefits. For information about changing your federal withholding status, go to www.uc.pa.gov and visit our Taxes on Benefits page. You may also use Pennsylvania Teleclaims (PAT) to change your preference: 888-255-4728 (Espanol: 877-888-8104).
If you are working or being paid full time for a week, you are not unemployed and will not be eligible to receive a UC payment or an FPUC payment for the week. If you commit fraud, you are subject to fines and other penalties. UC payments will be matched against the wage records that your employer submits to the Department.
Under the UC program and CARES Act, it is unlawful to quit work without good cause for the purpose of obtaining additional UC benefits. Refer to the UCP-1 Handbook for information about refusing suitable work, having to repay benefits for false claims, and other penalties to be enforced.
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