Author Topic: Contractor: Tax credit for school closing vs unemployment  (Read 668 times)

KateFIRE

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Contractor: Tax credit for school closing vs unemployment
« on: March 26, 2020, 11:17:37 AM »
Is it better to claim unemployment or the tax credit for missing work due to school closing if you are a contractor (1099)?
« Last Edit: March 01, 2022, 05:29:47 AM by KateFIRE »

Sibley

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Re: Contractor: Tax credit for school closing vs unemployment
« Reply #1 on: March 26, 2020, 03:28:32 PM »
I don't think anyone is sure how the credit will work yet, the bill just got passed and the IRS will need to develop forms, instructions, etc. You could certainly make an educated guess based on the bill itself.

As for unemployment, there should be pretty good eligibility documentation on your state's unemployment office website. I would recommend avoiding calling the office to ask if you can, they're going to be completely swamped.