1822. Report of Expected Earnings Also Required
1822.1 When do you need to file a report of expected earnings?
If you go to work and expect that your total earnings will be more than the yearly exempt amount (see §1803), you should file a report of expected earnings. This report prevents payment of monthly benefits to you that may have to be returned at the end of the year if, under the earnings test, you were not due all the payments received.
When you file your expected earnings report, you are encouraged to make a high estimate of earnings for the year. Based on your report, we suspend benefits for the number of months required by your estimate.
1822.2 How is your earnings report validated at the end of the year?
At the end of the taxable year, we figure the amount of benefit payments due for that taxable year. If all payments that were due have not been made, you are paid whatever amount we find that is due to you. If, on the other hand, you have been paid too much, we either withhold the amounts from future benefits payable, or you must refund the amount. (See Chapter 19.)
Last Revised: March, 2001