Taxation of Pandemic Unemployment Payment

Apr 24, 2020

Revenue have confirmed that the COVID-19 Pandemic Unemployment Payment (COVID-PUP) is not on the list of tax-exempt social welfare payments. In general, social welfare payments are a taxable source of income unless they are on the list of tax-exempt payments. It is Revenue’s understanding that the COVID-PUP is taxable, and along with the Department of Finance, they are examining the appropriate Schedule under which the payment will be taxed (i.e. Schedule D or Schedule E).