How Will Ssdi And Ssi Recipients Get Their Stimulus Checks
SSDI and SSI recipients who receive their monthly benefit payments by Direct Express debit card should receive their stimulus payments by Direct Express. This was not necessarily true for the first and second payments, but the IRS says most disability recipients should receive their third payments by Direct Express. Others might either receive a direct deposit , a paper check, or a prepaid Visa debit card.
The debit cards, issued by MetaBank, are called Economic Impact Payment cards. After activating the card, you can use your EIP card for purchases or use it to withdraw cash . You can also transfer the funds from your EIP card directly into your own bank account, after you register for online access.
Do College Students Adult Dependents Get The Third Stimulus Check
Unlike the first and second rounds of checks, payments for dependents in the third round are not restricted to only children under 17.
According to the IRS website: “Eligible families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents.”
Now it’s important to note that if you’re a dependent, the check won’t go to you, it’ll go to whoever claims you as a dependent.
If Youre An Ssi Or Ssdi Recipient Who Doesnt Reside In The Us Heres What You Need To Know
If youre a Social Security beneficiary with a foreign address whose monthly benefit is deposited in a foreign bank account, you should receive your third stimulus payment as a check in the mail.
If you live abroad but receive your monthly benefits through a US bank, you should have received your first two payments by direct deposit to that account. If you still havent gotten your money, it will have to be claimed as part of a tax return. Find out everything you need to know about stimulus checks, citizenship and living abroad here.
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Qualifications And Distribution For The Third Stimulus Check While Recieving Ssi Or Ssdi Benefits
Qualifying for the third stimulus check
As the pandemic continues, a third stimulus check has been approved by the IRS and distribution is underway. If you receive Supplemental Security Income or Social Security Disability Insurance benefits, you will automatically qualify for the third stimulus check which will be in the amount $1400. Even if you are a dependent, you will qualify. This includes young adults , and older adult dependents. The stimulus checks will be distributed over a few weeks’ time. SSI/SSDI recipients may not receive the third stimulus check in the first wave. The IRS has not yet identified a payment date, but the first wave of relief payments goes out as early as this weekend. It is also important to note that with the third stimulus check being rolled out during heavy tax season, this may cause additional delays.
Distribution of the third stimulus check
For the first and second relief packages, those SSI/SSDI recipients who did not have bank account information on file with the IRS, likely received those payments through a Direct Express card or as a paper check. For the third round, however, you will most likely receive your stimulus check the same way you receive all other benefits.
SSI or SSDI recipient who does not reside in the US
For more information and tracking your payment: use this IRS Get My Payment tool.
Stimulus Check Scams And Hoaxes
Of course, popular demand for widely distributed stimulus payments, and the confusing political maneuvering that goes into crafting stimulus bills, creates an information gap thats easily exploited by scammers.
Even with the first wave of stimulus checks in 2020, we saw bogus email messages that pretended to be from the IRS, promising an important update on your Covid relief fund. But they just took you to phishing sites that wanted your Social Security number and other sensitive bits of information.
Following the second stimulus bill at the beginning of 2021, those email phishing attempts were joined by scam phone calls demanding your personal details so that you could be cleared to receive more stimulus checks.
In March, as President Bidens American Rescue Plan was making its way through Congress, new phishing emails promised the moon: a $4,000 stimulus check, a boost in the minimum wage, free meals and, best of all, priority treatment that let you skip lines at COVID-19 vaccination sites.
Most recently, cruel pranksters have been passing around posts on Facebook that a fourth stimulus check worth $2,500 is coming by the end of July. Dont believe it, and dont believe the phishing websites that claim to register you for child-tax-credit advance payments.
In fact, most parents and legal guardians dont need to do anything to get the payments theyll just show up in your mailbox or bank account.
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Are We Getting Another Stimulus Check In 2021
Whether we get another stimulus check in 2021 depends on how much momentum the proposals for more checks gain.
There are still some people whove not yet received the third stimulus check, but weve got a handy guide for what to do if youre missing your stimulus check payment. Its worth checking if youre eligible for most recent stimulus check as its worth up to $1,400 per person.
The IRS has reported that taxpayers whose direct-deposit information is on file should have seen their payments reach their bank accounts in April. Those who are waiting on paper checks and debit cards can expect to receive their funds in the coming weeks.
If you have received the third stimulus check and feel its too low, then take a look at our guide to the stimulus check calculator as that can show you what your own eligibility looks like. Keep in mind that there are a few factors that will affect the amount you are due or have received.
What If My Stimulus Check Is Delayed
There might be delays of up to five months for your stimulus check to reach you given the number being sent out by the IRS. There are a number of reasons why if might be delayed aside from the backlog but you should check out the My Payment Tool to see if your check is on its way or if there is another reason for the delay.
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Receiving Social Security Payments
Social Security benefits are only paid out electronically you will not receive a Social Security check in the mail. You can either receive a direct deposit into your bank account or opt for a prepaid debit card. When you apply to receive your Social Security benefits, you will have the chance to provide your account number and the routing number of your bank or credit union.
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How To Track Your Stimulus Check
The IRS said Tuesday the Get My Payment tool on the agencys website wont be updated until the weekend of April 3-4, so federal beneficiaries will have to wait until at least then to check on the status of their payments. VA benefit recipients may have to wait until at least mid-April to use the tool.
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Check The Get My Payment Tool
The IRS has uploaded data for your third stimulus payment into a tool on its website called Get My Payment. Some people are still seeing a message that says either the IRS doesn’t have enough information yet or that they aren’t eligible for the payment. If you get this message, it doesn’t necessarily mean you aren’t eligible. If your payment status has not been updated yet, it may be updated this coming weekend.
Once your information is updated, you’ll be able to see the date you can expect to receive your stimulus payment, or the date it was deposited or mailed. You should also be able to see whether your money was direct deposited or whether you’ll be receiving the payment by mail.
What If My Stimulus Check Or Was Lost Destroyed Or Stolen
If the Get My Payment tool says your payment was direct-deposited, but the money doesn’t show in your bank account after five days, first check with your bank. If the bank says it hasn’t received a payment, you can request a payment trace.
To request a payment trace, call 800-919-9835 or fill out IRS Form 3911, Taxpayer Statement Regarding Refund.
Similarly, if the Get My Payment tool says your payment was mailed and you haven’t received it, you can request a payment trace. The IRS will research what happened to your check if the check wasn’t cashed, you will need to claim the Recovery Rebate Credit on your 2020 tax return. If the IRS finds that the check was cashed, you’ll receive a claim package from the Treasury Department with a copy of the cashed check and instructions on filing a claim.
If you received your stimulus check by mail but then it was destroyed or stolen, make sure you request a payment trace. If you claim the Recovery Rebate Credit on your 2020 tax return without filing a payment trace, it will be denied, because the IRS will think that you already received the money.
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Dependents Will Qualify For More Money Than Ever With The Third Round Of Checks
For the first stimulus check under the CARES Act, qualified people with dependents age 16 or younger were eligible for up to $500 per child dependent, but not everyone actually received that extra money. For the second stimulus check, as long as your children were 16 years old or younger, they contributed $600 toward the final total of your households second stimulus check.
Heres who the IRS counts as an adult to receive their own stimulus check.
What Social Security Administration Says
No updates have been shared by the Social Security Administration since March 12 when its website stated: The IRS is reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. We will add helpful Q& As to this page soon, like we did for each of the first two rounds of EIPs.
If you still subscribe to receive updates from us when we update our EIP1 and EIP2 pages, we will automatically add you to a subscription list for this new EIP page, the website notes.
Asked Thursday when SSDI and SSI recipients can expect to receive their stimulus funds, a spokesperson for the SSA directed Newsweek to reach out to the IRS Press Office for a response to our query.
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Stimulus Payments Under The American Rescue Plan
The most recent stimulus checks of $1,400 to individuals and $2,800 to couples represented the third round of payments authorized by the federal government since the start of the pandemic. To be eligible for the recent payment your adjusted gross income cannot exceed $75,000 as reported on your 2019 or 2020 federal income tax return. Maximum adjusted gross income for married couples who filed jointly was set at $150,000.
If you filed an income tax return in 2019 or 2020, the stimulus payment should have been made to you through direct deposit to your bank account or by check or debit card mailed to you. The payments began within a month of the legislation being signed into law in March. As the recipient of benefits through SSI or SSDI who may not have been required to file an income tax return, your stimulus payment from the IRS will be processed using information about the payment method that the Social Security Administration uses to process your monthly disability benefits.
The IRS has a website set up for people to check on the status of this third round of stimulus payments. If you have not as yet received the payment, go to the IRS website and follow the instructions.
More $1400 Payments Go Out Automatically After Aarp Urges Irs Ssa To Prioritize Federal Beneficiaries
by John Waggoner, AARP, Updated May 6, 2021| 0
En español | The IRS has sent a wave of pandemic stimulus checks to government retirees who normally dont file federal income taxes. Now the agency is sending payments to Veterans Affairs beneficiaries who dont normally file taxes. But the Social Security Administration says if you are a beneficiary and havent gotten your stimulus check, you need to file a 2020 tax return now to get any stimulus payments due to you.
To date, the IRS has delivered 164 million stimulus payments worth about $386 billion during the coronavirus relief mandated by the American Rescue Plan Act, which President Joe Biden signed on March 11.
Many low-income beneficiaries including recipients of Social Security retirement and disability benefits, as well as recipients of SSI benefits administered by the Social Security Administration arent required to file tax returns, and some of those payments were delayed. The IRS said it was waiting for updated information from the SSA on bank accounts and addresses of federal beneficiaries to ensure the stimulus payments reach eligible individuals.
AARP has pushed the IRS and the SSA to move more swiftly to get those checks to individuals who dont file federal income taxes.
On March 25 the SSA gave the IRS the updated information required to begin delivering stimulus checks to some 30 million federal beneficiaries still awaiting payments, Saul said.
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Some Federal Benefit Recipients Already Have Received An Economic Impact Payment
The IRS emphasizes that federal benefit recipients in these groups who file tax returns already started to receive Economic Impact Payments earlier this month, along with other taxpayers.
Because some federal benefit recipients do not file tax returns, the IRS did not have in its tax systems the current information needed to generate the Economic Impact Payments. Last year, the IRS took the unprecedented step to receive and review data from other federal agencies and use that data to deliver payments automatically to these recipients. This action which had never occurred in previous stimulus efforts minimized risk and burdens for the American public during the pandemic. Due to regular changes in the federal benefits population, the IRS needed to receive updated information this month from other government agencies. With these critical updates, eligible federal benefit recipients who don’t normally file an income tax return will get a payment automatically in the next few weeks.
Making these automatic payments to federal beneficiaries involves a complex, multi-step process to handle recipient data from the other agencies. For the first round of Economic Impact Payments last year, recipients in these groups received payments within four to six weeks after the CARES Act was signed into law. For the American Rescue Plan signed March 11, the IRS projects that it is on track to deliver Economic Impact Payments to federal beneficiaries at the same or faster speed.
What If My Payment Doesnt Come
Contact the Social Security Administration at 1-800-772-1213 or find a Social Security office near you if your direct deposit or debit card funds arent made on time. The SSA asks that you wait three days before reaching out to them, however.
The risk of your check being stolen is virtually eliminated if you use the Direct Deposit option because the money is transmitted electronically and directly to your bank account.
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How Will I Get The Stimulus Payment
You will generally receive the automatic payment the same way you normally receive your monthly disability or pension paymentby direct deposit, Direct Express debit card, or paper check. Your stimulus payment, however, will come from the Treasury Department, not the Social Security Administration.
If you received the first or second check by direct deposit or Direct Express, you should receive your payment the same way, but there are no guarantees.
If you received your first or second payment by EIP Debit Card, you should receive a new debit card in the mail. It will arrive in a white envelope with “Economic Impact Payment Card” in the return address. You’ll need to activate the card by calling the phone number that comes with the card and choosing a 4-digit PIN number. You can use your EIP card for purchases or use it to withdraw cash . You can also transfer the funds from your EIP card directly into your own bank account, after you register for online access.
If you’ve moved since last filing your taxes, you should file a change of address with the IRS on Form 8822.
Fourth Stimulus Check Approval: Here’s What It’ll Take
The White House hasn’t responded to any of the proposals for additional stimulus checks, and the general sentiment is that a fourth stimulus check isn’t likely. Economists have suggested we’ve already moved past the pandemic’s worst financial woes, although there are signs that Americans could still use relief.
Experts certainly seem in agreement that there won’t be a fourth stimulus check. The latest stimulus package, the American Rescue Plan, is “gonna be the last on that front,” Deutsche Bank senior U.S. economist Brett Ryan told Fortune. “No more checks.”
Ed Mills, Washington policy analyst at Raymond James, agreed, telling CNBC recently “I think its unlikely at this time. D.C. has largely started to pivot towards the recovery and an infrastructure bill.”
Many economists and financial experts are worried that the third stimulus checks have contributed to a growing inflation rate. In June 2021, the core inflation rate, stripped of energy and food prices, rose 4.5% at an annual rate vs. the Dow Jones estimate of 3.8%. The overall consumer price index rose at an annualized 5.4% rate in June.
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