Q: Do I need to report interest income to EDD while on California Short-Term Disability?
Do I need to report interest income received for money saved in my bank savings account to EDD while on California short-term disability?
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A:
You don’t need to report interest income from your savings account to the Employment Development Department (EDD) while you’re receiving California Short-Term Disability benefits. The EDD primarily looks at your earnings from work, not passive income like interest from bank accounts.
Your savings interest is generally considered unearned income and doesn’t impact your disability benefits. This means you can continue to earn interest without affecting the support you receive during your disability period.
However, it’s always a good idea to keep records of your income sources and stay informed about any changes in regulations. If you have specific concerns, reaching out to the EDD directly can provide additional peace of mind.
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