Coronavirus / COVID-19 Stimulus / Economic Developments / Social Security

Social Security Recipients WILL Get Stimulus Checks

Social Security

April 2, 2020  UPDATE:

Treasury Reverses Stance on Stimulus Payments for Non-Filers

On the evening of Wednesday, April 1, the U.S. Treasury Department said Social Security beneficiaries who are not typically required to file tax returns will not need to file in order to receive their $1,200 stimulus payments. Instead, payments will be automatically deposited into their bank accounts. An earlier communication from the IRS said they would need to file some type of tax return in order to get the payments

March 31, 2020

It’s the ONE question nearly all Social Security recipients are asking: “Will I get a Coronavirus stimulus check? If yes, do I get one even if I haven’t filed a tax return in recent years?” The answers are YES and YES!

The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) passed by Congress provides for substantial stabilization of America’s economy during the unprecedented medical crisis now sweeping the country.  The Act provides critically needed funding in key areas like expanded unemployment benefits and specific aid to many business segments facing extraordinary disruption, along with financial relief payments to most Americans, subject to income guidelines below.

Under the Act’s provisions, Americans having a valid Social Security number will receive direct cash assistance, specifically including those who receive welfare and/or Social Security benefits.  Relief payments will be $1,200 for individuals, $2,400 for couples, and $500 per child, for individuals with incomes at or below $75,000 ($112,500 for heads of household) and couples with income at or below $150,000.

The procedural details on how the approved payments will get into the hands of recipients are still being finalized, but these are the general elements:

  • According to Treasury Secretary Steven Mnuchin, most payments should be in the hands of recipients within three weeks
  • Eligibility for cash payments is based on income as reported in your most recent income tax return (note: adjusted gross income is the figure used)
  • If you did not file tax returns and are receiving Social Security payments, the IRS can use your Form SSA-1099 Social Security Benefit Statement or your Form RRB-1099 Social Security Equivalent Benefit Statement to send your check
  • If you have received a tax refund in the last two years by direct deposit, that’s where your money will be sent. If not, the IRS will mail a check to your “last known address”
  • The IRS will mail a notice confirming distribution of your payment, along with IRS contact information if you haven’t actually received the confirmed payment
  • You do not need to do anything in advance. For many recipients, the IRS has your banking information and will likely execute direct transfers to your account

AMAC’s sister organization, The AMAC Foundation, updates a site five days a week entitled The Social Security Report.  For the absolute latest daily information on this vital program, visit www.socialsecurityreport.org.  Many of this week’s headline and latest news posts on The Social Security Report deal specifically with The CARES Act (Stimulus Bill), and those seeking more detailed information will find it a valuable resource.

But to reiterate, YES, Social Security recipients are eligible and need do nothing at all to receive their $1,200 per person relief payments due them.  If you are required to file a tax form, it is likely that having done so already may speed up delivery of the payment.

Information for Non-Filers

Things are moving fast at the IRS, especially in the wake of the CARES Act signed into law last Friday. As the agency scrambles to put the mechanisms in place that will deliver the economic impact payments to Americans, new procedural announcements are hitting the airwaves at an accelerated pace.

In its most recent informational release on the impact payments, the rules for those who may not be on record with the agency to receive payments electronically have been clarified. As explained in IRS Bulletin IR-2020-61, “People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment.”

In other words, those with income levels that did not meet the threshold for filing tax returns in 2018 and/or 2019, those who filed without providing online banking information, and some veterans and some individuals with disabilities, will still need to register their banking information with the IRS in order to receive online payments.

If you happen to be in this category, don’t worry. The IRS has indicated they’ll be issuing directions on how to complete and file a simple return conveying their filing status, number of dependents, and direct deposit banking information to enable direct online payments. Also, they’ve indicated that they will soon deploy a “web-based portal” for people to submit the information needed for online payments.

Confirming previous news accounts, the IRS reports that the vast majority of payment recipients will not need to take any specific action. For these folks, the information in their 2019 income tax returns will be used. If a 2019 return has not yet been filed, they are urging folks to file as quickly as possible; otherwise, the data on their 2018 return will be used for payments.

AMAC will continue to stay abreast of this issue as instructions are released via the IRS.gov/Coronavirus website.

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JOHN
6 months ago

My wife and I are both senior citizens and bot are Veterans with over thirty years of combined active duty service. It took several months to get the first stimulus check A second one? Never heard anything from anyone about it! Another government tactic? I will not hold my breath expecting something I am probably NOT going to get or may not even be eligible for…..I have an extreme distrust for the government especially Democrats! I did not serve and shed blood to have this kind of deception!

Mike K.
1 year ago

How does this stimulus impact next years taxes? (due in 2021)

edward coughlan
1 year ago

I got on the SSA web site and inquired when I would get my $1200 stimulus check. I was informed that it would be mailed on 5/22/2020. It is now 8 days later and I still have not received it. Now I know the post office can be slow but 8 days????

Mark Winkelman
1 year ago

I don’t think they should get it. It should be for the people who lost income.

Dennis Michael Petricoin
1 year ago

What to do if I have not received this money.

Brenda Weber
1 year ago

Yes this Brenda weber and I’m on SSI and I haven’t receive my Stemless check. When will I get mine

Miss Vinay Duggal
1 year ago

I received my Economic Impact Payment check in the mail yesterday and am happy about it. Thank You President Trump and his Administration!

Trump wins in 2020!!!!

Nancy L Arthur
1 year ago

I HAVE NOT RECEIVED THE STIMULUS CHECK AT THIS TIME 4/28/20 BUT WAS TOLD IT WOULD GO INTO THE SAME CHECKING ACCT MY SOCIAL SECURITY GOES IN. TO DATE NOTHING YET BUT WAS TOLD IT WOULD BE IN THE BANK TODAY AT 9:00am MY DEVICE DOESNT SHOW IT YET…

Joe MacIntyre
1 year ago

many still working friends received their stimulus checks a couple of weeks ago. when will social security retired people begin receiving theirs?

Barbara parnell
1 year ago

I receive two small pension checks in addition to social security, how will that affect my stimulus payment?

Daniel Bauer
1 year ago

I filed for 2018 Taxes. But will not for 2019. I am also a Vet. I have yet to get a Check. Will I get one?

Thomas
1 year ago

I’ve been disabled for 15+ years,& not had to file tax returns! The question is WHEN to expect a direct deposit?

Dave Sitch
1 year ago

My wife and I filed tax return(2018 and 2019) and can not get into the GET MY PAYMENT-Do I need to provide bank info if I filed a return and get SS? I continue to get the tech difficult and to start over-then after two tries-get kicked out-do I need to do anything

LADY Mac
1 year ago

I am on Social Security but live in the same house at my daughter and she has claimed me as a dependent. will I get a check too ?

James Kane
1 year ago

For those who receive their benefits on their US Direct Express card, will the stimulus money go there, too?

barb Bauer
1 year ago

if both on ssi when will we receive check ? someone said next month with our ssi check ???

barb Bauer
1 year ago

if we both get ssi when will our checks come ? someone said with our next ssi check ??

bernice huertas
1 year ago

im on welfare cant work due to a herniated disc can i still get a check..

Christina Naugle
1 year ago

My Husband is 68 and i’m 63 will we both get 1200. or only him he is on SS not me yet

George Hardin
1 year ago

April 15, 2020 at 10:05 am, CDT I checked with 9 other SSA recipients all of whom were direct deposit here in
Texas. Not one had received and of the funds promised. Why? Dates don’t seem to matter.

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