Monday, April 06, 2020

COVID-19 Economic Impact Payments for Social Security Beneficiaries

https://blog.ssa.gov/commissioner-of-social-security-shares-update-about-covid-19-economic-impact-payments-for-beneficiaries/

Commissioner of Social Security Shares Update about COVID-19 Economic Impact Payments for Beneficiaries

Posted on April 3, 2020 by Andrew Saul, Commissioner, Social Security Administration

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The Department of the Treasury (Treasury) announced on April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an economic impact payment. The Internal Revenue Service (IRS) will use the information on the Form SSA-1099 to generate $1,200 economic impact payments to Social Security beneficiaries who did not file tax returns in 2018 or 2019.

Treasury, not Social Security, will make automatic payments to Social Security beneficiaries. Beneficiaries will receive these payments by direct deposit or by paper check, just as they would normally receive their Social Security benefits.

For updates from the IRS, visit their web page.

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Please note that we will not consider economic impact payments as income for SSI recipients
[So you would not list this as income when you file your 2020 taxes]

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