How to calculate EDD benefits for $160k salary? Max weekly amount?
Hey everyone, I'm trying to figure out my unemployment benefits and I'm a bit lost. I make about 160k a year and I'm not sure how much I'll get weekly. Anyone know how to calculate this or have experience with high income claims?
23 comments
Sean O'Connor
With that income, you're probably looking at the max benefit amount. In most states, that's around $450-$500 per week. But it can vary depending on where you live.
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Zara Ahmed
Yeah, I was in a similar boat. Made about 140k and got the max benefit. It's definitely a big drop, but better than nothing š¤·āāļø
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Luca Conti
Wait, seriously? That's all you get even with such a high income? The system is so messed up š¤
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Sean O'Connor
Yep, unfortunately thats how it works. The system wasn't really designed with high earners in mind. It's more about providing a basic safety net.
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Nia Johnson
Have you tried using the benefit calculator on your state's unemployment website? That should give you a pretty accurate estimate based on your specific situation.
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CyberNinja
Guys, I found a way to actually get someone on the phone! I used this site's (claimyr.com) calling tool that dials the phone menu, stays on hold, waits for a live agent to pick up, then sends the call to my phone. It does cost $20, but it works. Check out this video: https://youtu.be/1X-mEsLtbmQ
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Mateo Lopez
Sounds too good to be true. Is this legit? Anyone else tried it?
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Aisha Abdullah
$20 just to talk to someone? That's ridiculous. The system is so broken š¤¦āāļø
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CyberNinja
I know it sounds sketchy, but I swear it worked for me. After weeks of trying to get through, it was worth every penny. Just sharing what helped me!
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Ethan Davis
OP, make sure you have all your income documents ready when you file. With a high income like that, they might ask for additional verification. Better to have it all prepared upfront to avoid delays.
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Anastasia Sokolov
Thanks for the tip! What kind of documents should I gather? Just my W2 or do I need more?
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Ethan Davis
W2 is a good start. Also grab your last few pay stubs, and if you had any bonuses or commissions, documentation for those too. Better safe than sorry!
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Yuki Tanaka
lol welcome to the club of high earners getting screwed by unemployment š Prepare for a massive lifestyle change my friend
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Carmen Ortiz
Fr tho šÆ I went from steak dinners to ramen real quick
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MidnightRider
Y'all need to learn to budget better. If you can't handle a few months on 2k a month with 160k salary, that's on you š
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Yuki Tanaka
@profile 11 ok boomer š Try living in a high cost area and see how far 2k gets you
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Andre Laurent
Here's a comprehensive breakdown of what you need to know about unemployment benefits for high-income earners: ā¢ Maximum Benefit Cap: Most states have a cap on weekly benefits, usually around $450-$550, regardless of your previous income. ā¢ Calculation Method: Benefits are typically calculated as a percentage of your average weekly wage during a base period, but this percentage decreases as income increases. ā¢ Duration: Standard benefit duration is usually 26 weeks in most states, but this can vary. ā¢ Taxes: Remember, unemployment benefits are taxable income. You may want to have taxes withheld to avoid a surprise tax bill. ā¢ Additional Programs: Some states offer extended benefits or supplemental programs during economic downturns. Check if any apply to you. ā¢ Documentation: Be prepared to provide extensive income verification. This might include W2s, pay stubs, and tax returns. ā¢ Appeals Process: If you believe your benefit amount is incorrect, you have the right to appeal. Document everything and be prepared for a potentially lengthy process. Hope this helps navigate the system! Let me know if you have any specific questions.
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Zoe Papadopoulos
This is super helpful, thanks for taking the time to write it all out!
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Jamal Washington
Quick question - do you know if severance pay affects unemployment eligibility or benefit amounts?
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Andre Laurent
@profile 14 Great question! Severance can definitely impact your benefits. In many states, it can delay when you start receiving unemployment or reduce your weekly amount. Always report severance when you file!
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Mei Wong
anyone else feel like the whole system is designed to fail? like they make it so complicated and frustrating on purpose š¤
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Liam Fitzgerald
100% agree. It's a feature, not a bug š
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PixelWarrior
Idk man, I think it's just outdated. Like trying to run Windows 95 in 2023 lol
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