Update from Social Security re economic impact payments

The following is an update to people who receive benefits from the Social Security Administration, from Social Security Commissioner Andrew Saul about COVID-19 Economic Impact Payments for Beneficiaries.

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 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 www.irs.gov/coronavirus.

2 Comments

  1. Peggy Marcum on April 13, 2020 at 5:06 pm

    But when will we get them o ty hers are getting it the ones th as t filed taxes but when will people on social security start receiving are



    • Cindy Robinson on April 14, 2020 at 12:19 pm

      The following information is from the Social Security Administration website. Hope you find it helpful!
      “Lastly, for Social Security retirement, survivors, or disability beneficiaries 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 as long as you received an SSA-1099 for 2019.
      For SSI recipients who do not have qualifying children under age 17, we continue to work closely with Treasury in our efforts to make these payments automatically. 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 here: http://www.irs.gov/coronavirus/economic-impact-payment-information-center. In addition, please continue to visit the IRS at http://www.irs.gov/coronavirus for the latest information.”