Social Security Recipients Will Receive Stimulus Money

Social Security

Clearing up some confusion the Treasury Department announced on April 1, 2020, that those who receive Social Security will not have to file a tax return to obtain the coronavirus stimulus payment.

The previous guidelines posted earlier this week were unclear on whether or not people who receive Social Security benefits would qualify for the stimulus payment. The announcement on Wednesday said those beneficiaries will receive the money automatically. The information that the Social Security Administration has on file for those people will be used by the IRS for the payments.

Those who receive Social Security will not have to take any action in order to obtain the money. People who have direct deposit will receive their stimulus payment the same way. For those that do not have direct deposit, a check will be mailed to them. Of course, this means they must wait for the checks to arrive via the mail.

Democratic lawmakers sent a letter to the Treasury Department on Wednesday urging them to send payments automatically to Social Security recipients. There are laws in place that allow the IRS to do so. This is great news for those who receive Social Security benefits.

President Donald Trump signed a $2 trillion stimulus bill last week, which includes direct payments. This bill gives individuals up to $1,200, married couples are due up to 2,400; people with children will receive $500 per child.

If individuals have an adjusted gross income more than $75,000 will see their stimulus check reduced by five dollars for ever $100 they go over. Anyone who makes more than $99,000 gross income will not receive a check, that total doubles for couples.

This information will be based on 2019 tax returns that have already been filed and 2018 tax returns for those that have not filed yet. Those that chose direct deposit for tax returns should start seeing stimulus checks in their bank accounts in about three weeks. Others will receive a check in the mail or may be able to update their direct deposit information online. There has been little information on how that may work at this time.

There is a plan for a “web-based portal” in the coming weeks, announced the Treasury Department. There have been some reports that checks and deposits may be starting by April 13, 2020, for Social Security recipients.

By Sheena Robertson

Sources:

Politico: First stimulus payments expected to go out week of April 13
CNN: Social Security recipients will automatically receive stimulus pay
WABI: Social Security beneficiaries NOT required to file taxes for stimulus rebate

Featured and Top Image Courtesy of Dustin Moore’s Flickr Page – Creative Commons License

18 Responses to "Social Security Recipients Will Receive Stimulus Money"

  1. smore traiolit   April 27, 2020 at 2:15 am

    I have not checked in here for a while because I thought it was getting boring, but the last few posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂

    Reply
  2. ac cadena   April 25, 2020 at 4:38 pm

    maybe ssa figures since we already get $$ we do not need any more, but I am old, gimee gimmee gimieee

    Reply
  3. ac cadena   April 25, 2020 at 4:05 pm

    well here is saturday 4/25 the end of week of 4/20 and no $$$$

    Reply
  4. dave f   April 25, 2020 at 8:59 am

    I am on social security and I despritly need this stimulas money as I had to pay for my moms funeral out of my regular check .I needs this real soon and I cant find any web site will give a straight answer as to when will I get my stimulas direct deposited into my checking.

    Reply
  5. Evette Bennett   April 20, 2020 at 6:46 am

    I need this money in the store they are charging 20 dollars for a bottle of lysol. 10 dollars for a bag of sugar. It is sad !! In the poor neighborhoods…..

    Reply
  6. s.morris   April 19, 2020 at 5:36 pm

    i meant stimulus money week of the 20h

    Reply
  7. s.morris   April 19, 2020 at 5:35 pm

    i see where social security is coming out the week of april, 20th

    Reply
  8. Mark Bernstein   April 18, 2020 at 1:05 pm

    As far as I know those on social security are part of phase 2. The checks should hit our accounts the week of 04/20.

    Reply

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