Date: April 20, 2020

The Treasury Department has launched a new web tool allowing quick registrations for Economic Impact Payments. Treasury, not Social Security, will make these payments. Please see guidance below.

Social Security retirement, survivors, or disability beneficiaries and Supplemental Security Income (SSI) recipients who do not have qualifying children under age 17:

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. You should receive the automatic payments by direct deposit, Direct Express debit card, or by paper check, just as you would normally receive your Social Security benefits.

People who receive Social Security retirement, survivors, or disability insurance benefits, who did not file a tax return for 2018 or 2019, and who have qualifying children under age 17 and those receiving SSI who have qualifying children under age 17:

Go to the IRS’s webpage to enter your information instead of waiting for your automatic $1,200 Economic Impact Payment. By taking proactive steps to enter information on the IRS website about you and your qualifying children, you will also receive the $500 per dependent child payment in addition to your $1,200 individual payment.

Social Security beneficiaries need to act by Wednesday, April 22, to receive additional payments for their eligible children quickly. SSI recipients need to take action by later this month; a specific date will be available soon.

If beneficiaries in this group do not provide their information to the IRS soon, their payment at this time will be $1,200. People would then be required to file a tax year 2020 tax return to obtain the additional $500 per eligible child.

New beneficiaries since January 1, 2020, of either Social Security or SSI benefits, who did not file a tax return for 2018 or 2019:

Go to the IRS’s Non-Filers website to enter your information as you will not receive automatic payments from Treasury.

SSI and Social Security retirement, survivors, and disability insurance beneficiaries, with dependent children, who use Direct Express debit cards, should complete all of the mandatory questions, when claiming children under age 17 but they may leave the bank account information section blank as Treasury already has their Direct Express information on file.

Treasury expects automatic payments for Social Security beneficiaries no later than the end of April and automatic payments for SSI recipients no later than early May.

Please note that we 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 at the IRS’s Economic Impact Payment Information Center. In addition, please continue to visit the IRS for the latest information.

We will continue to update this page as further details become available.

 

 

 

Kathy Homan

President/CEO

 

Proud recipient of Washtenaw County Bar Association’s 2017 Liberty Bell Award