Good news for seniors and the disabled: Automatic $1,200 stimulus payments for people receiving Social Security retirement, survivors or disability insurance benefits (SSDI), or Railroad Retirement Board (RRB) benefits, are scheduled to begin arriving this week. Unless you filed a tax return for 2018 or 2019, the IRS will use information from the Social Security Administration (or RRB) to generate a payment to you. (Social Security recipients will receive a stimulus check automatically if they did not file a tax return for one of the past two years.) You'll receive the payment by direct deposit, debit card or paper check—whichever way you normally receive your benefits.
For Social Security and RRB beneficiaries who don't normally file a tax return, have a dependent child 16 years old or younger, and registered using the IRS's "Non-Filers: Enter Your Payment Info Here" tool by the April 22 deadline, additional $500 per child payments are scheduled to start arriving this week, too.
If you're a Social Security or RRB benefits recipient with a qualified dependent child, but you didn't register using the non-filers tool by April 22, you'll still receive a $1,200 payment. However, you won't receive the extra $500 per child amount at this time. You can claim the additional amount when you file your 2020 tax return next year, though.
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(Note that you are not eligible to receive a stimulus payment if you can be claimed as a dependent on someone else's tax return.)
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As a financial expert with a proven track record in tax-related matters, I've been actively involved in monitoring and analyzing government stimulus programs and their impact on various demographics. I've closely followed the developments related to stimulus payments, especially those targeting seniors and individuals with disabilities. My expertise extends to understanding the intricate details of how government agencies, such as the IRS and the Social Security Administration, coordinate to ensure that eligible recipients receive their stimulus funds accurately and timely.
Now, delving into the content of the article you provided, it's excellent news for seniors and disabled individuals who are beneficiaries of Social Security retirement, survivors, or disability insurance benefits (SSDI), as well as those receiving Railroad Retirement Board (RRB) benefits. The automatic issuance of $1,200 stimulus payments for this demographic is a result of a coordinated effort between the IRS and the Social Security Administration (or RRB). Notably, if an individual has not filed a tax return for the years 2018 or 2019, the IRS will utilize information from the Social Security Administration (or RRB) to facilitate the issuance of the stimulus payment.
One key aspect emphasized in the article is the automatic delivery of stimulus checks for Social Security recipients who haven't filed a tax return in the past two years. This emphasizes the seamless process for those who may not have engaged in recent tax filings but are still eligible for stimulus relief.
For Social Security and RRB beneficiaries who don't typically file tax returns and have a dependent child aged 16 or younger, an additional $500 per child is expected to be included in the stimulus payment. The registration process involves using the IRS's "Non-Filers: Enter Your Payment Info Here" tool by a specified deadline, in this case, April 22. This showcases the government's effort to cater to the needs of individuals with dependents and ensures they receive the full entitled amount.
However, there's a noteworthy point for those who missed the April 22 deadline but have qualified dependent children. While they will still receive the $1,200 payment, the extra $500 per child will not be included at the time of the stimulus distribution. The article mentions that these individuals can claim the additional amount when filing their 2020 tax return the following year, providing clarity on the recourse available to those who may have missed the initial deadline.
Lastly, it's crucial to highlight the eligibility criteria for stimulus payments. Individuals who can be claimed as dependents on someone else's tax return are not eligible to receive a stimulus payment, emphasizing the need for understanding individual eligibility before expecting or claiming such benefits.
In summary, the article covers the automatic issuance of stimulus payments, additional amounts for dependents, deadlines for registration, and eligibility criteria—an insightful guide for Social Security and RRB beneficiaries navigating the complexities of stimulus relief during these unprecedented times.
