NYS Pandemic Unemployment Update

Published April 6, 2020 – The President signed a new law that enhances the current unemployment system. The law added three new items surrounding unemployment, including:

 

  1. Pandemic Unemployment Assistance
    • Extends eligibility to self-employed workers and independent contractors
  1. Pandemic Unemployment Compensation
    • An additional $600 per week
  1. Pandemic Emergency Unemployment Compensation
    • An additional 13 Weeks beyond the regular 26 weeks of UI benefits (39 weeks total)

Individuals should keep in mind there are restrictions on who is eligible under the pandemic program.  

The NYS Department of Labor has posted useful information regarding this program on their website. The links are provided below.

Unemployment Insurance Benefits: Updated FAQs
Contains a summary document with over 30 Frequently Asked Questions on eligibility and the application process for Unemployment Insurance benefits.

Relief for Workers Affected by Coronavirus Act (PUA)

Overview of Pandemic Unemployment Assistance (PUA), a program that provides payment to workers not traditionally eligible for unemployment benefits (self-employed, independent contractors, workers with limited work history, and others) who are unable to work as a direct result of the coronavirus public health emergency.

Decision Tree

A downloadable navigation guide for enhanced Unemployment Insurance (UI) benefits and Pandemic Unemployment Assistance (PUA) for New Yorkers.

For a printable copy of this article, please click here.

For more information, please contact Eric Soro at esoro@dopkins.com.

 

About the Author

Eric R. Soro CPA

Eric, embraces the challenges of taxes and puts them to work for the client. He focuses on every aspect of a client's needs, from preparing top-level corporate and partnership returns through to the culmination of member and shareholder individual returns. Taking into account the ever changing tax laws, Eric researches the complex topics that affect his client's taxes so that he may efficiently plan his process and yield the optimal results. He joined Dopkins as an intern in 2006 then full-time in 2007 upon graduation.

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