Stimulus checks for Social Security Disability recipients. Social Security recipients do not have to file a tax return to receive a payment.
There has been a lot of questions and misinformation going around. Relative to the coronavirus relief payments. Will the people on Social Security receive a stimulus check? YES, keep reading for further information.
After widespread uncertainty and alarm from seniors. The IRS updated its online guidance. It says that the Social Security form would indeed be used to calculate income eligibility for those without tax returns. It added, “This includes senior citizens, Social Security recipients and railroad retirees who are not otherwise required to file a tax return.” Treasury Secretary Steven Mnuchin said. “Social Security recipients who are not typically required to file a tax return need to take no action. Therefore, people will receive a payment directly to the bank account on file.”
Mass Confusion Over Stimulus Checks
Previously, it was said that while a person’s 2019 or 2018 federal tax return would be used to calculate the income. The IRS could use an SSA-1099 form for people who didn’t file taxes in either of those years.
The confusion originated from complicated language in the CARES Act. The $2 trillion coronavirus stimulus bill enacted last week, over how the government would determine whether recipients were below the income cap needed to qualify for a full payment.
An SSA-1099 is a form the Social Security Administration sends yearly to the people who receive Social Security retirement or disability benefits. Including a wide swath of senior citizens who have no other income and don’t normally file tax returns.
Treasury officials said the IRS will use existing SSA-1099 and RRB-1099 forms to make the payments to seniors. Seniors and disabled people will receive a direct deposit through the bank account on file; otherwise people will receive a check in the mail.
Americans who make less than $99,000. Couples earning under $198,000. Are eligible under the new law for coronavirus relief stimulus checks.
Above all, the mass confusion has been resolved. No more worries for Social Security recipients.
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