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Daycare and Taxes>Tom-Unemployment, Eidl, and PPP
Firefly 04:20 PM 04-18-2020
If we file for unemployment can we also be approved for the Eidl or the PPP? How does one affect the other? Iím hearing conflicting information. Maybe they just canít overlap?
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TomCopeland 07:19 AM 04-19-2020
Originally Posted by Firefly:
If we file for unemployment can we also be approved for the Eidl or the PPP? How does one affect the other? Iím hearing conflicting information. Maybe they just canít overlap?
You can get money from EIDL and PPP and file for unemployment. Nothing prevents you from applying. If you get one or more loans this may affect your unemployment benefits. There are no federal guidelines about this. It will depend on each state whether they treat the loans as income.
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