Social Security Recipients Eligible For Economic Stimulus Payments

In response to the COVID-19 virus emergency, the federal government announced that they will send $1,200 Economic Stimulus Payments to all adults in the United States who earn less than $75,000 annually. This includes Social Security recipients.

If you receive Social Security retirement, survivors, or disability beneficiaries and do not have qualifying children under age 17 whom you claim as dependents, you do not need to take any action with the IRS.  You will automatically receive your $1,200 economic impact payment directly from the IRS as long as you received an SSA-1099 for 2019.

If you DO have children under 17 who may qualify for an additional payment, you should visit the IRS’s Non-Filers: Enter Payment Info page at www.irs.gov/coronavirus/economic-impact-payments and provide information about yourself and your qualifying children.

Additionally, any new beneficiaries since January 1, 2020, of either Social Security or SSI benefits, who did not file a tax return for 2018 or 2019, will also need to go to the IRS’s Non-Filers website to enter their information.

Please note that the IRS will NOT consider Economic Impact Payments as income for SSI recipients, and the payments are excluded from resources for 12 months.

The eligibility requirements and other information about the Economic Impact Payments can be found here: www.irs.gov/coronavirus/economic-impact-payment-information-center.  In addition, please continue to visit the IRS at www.irs.gov/coronavirus for the latest information.

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