Use Our Calculator To Find Out The Amount Of Your Third Coronavirus Stimulus Payment
By Bethany K. Laurence, Attorney
President Biden has signed a bill approving a third covid stimulus payment. Most recipients of Social Security Disability Insurance and Supplemental Security Income are eligible for the new $1,400 COVID-19 stimulus check. Those who file joint returns are eligible for $2,800. And SSDI and SSI recipients who have dependents are eligible for an extra $1,400 per dependent .
You are eligible for a stimulus check as long as you have a Social Security number and you are not claimed as a dependent on someone else’s tax return .
Fourth Stimulus Check Approval: Heres What Itll Take
The White House hasnt responded to any of the proposals for additional stimulus checks, and the general sentiment is that a fourth stimulus check isnt likely. Economists have suggested weve already moved past the pandemics worst financial woes, although there are signs that Americans could still use relief.
Experts certainly seem in agreement that there wont 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 recentlyI 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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Recipients Of Disability Benefits Who Have Other Sources Of Income
If you receive social security disability benefits and other sources of income that bumps your total income over $75,000, expect a reduction in the amount you receive via a Coronavirus stimulus check. If you are married and filed a joint tax return, expect a similar reduction in the amount of the stimulus check if you and your spouses income exceed $150,000.
The stimulus payments are steadily reduced for individuals and married couples with incomes in excess of $75,000 or $150,000 . In addition, the stimulus payments are phased out entirely for individuals earning in excess of $87,000 and married couples who earned in excess of $174,000.
The income thresholds in the new legislation are much stricter and less generous in comparison to the income thresholds used pursuant to the CARES Act. In the first Coronavirus relief legislation, individuals earning less than $99,000 remained eligible to receive a stimulus check and married couples earning less than $198,000 were able to get a stimulus check.
If I Receive Social Security Or Supplemental Security Income When Will I Receive My Economic Impact Payment
Date: November 18, 2021
The Internal Revenue Service has paid EIPs to Social Security beneficiaries and Supplemental Security Income recipients.
If you did not receive all the EIP amount you think you and your family are eligible for that was provided in the American Rescue Plan, you should file a 2021 Federal tax return in 2022 to claim the amount you are owed.
How Should A Representative Payee Use A Beneficiarys Economic Impact Payment
Date: March 26, 2021
The EIP belongs to the Social Security or SSI beneficiary. It is not a Social Security or SSI benefit. A representative payee should discuss the EIP with the beneficiary. If the beneficiary wants to use the EIP independently, the representative payee should provide the EIP to the beneficiary. If the beneficiary asks the representative payee for assistance in using the EIP in a specific manner or saving it, the representative payee can provide that assistance outside the role of a representative payee.
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Make Hard Decisions Quickly
The Newsom administration may have also based the decision on a consideration of need.
Californias SSI recipients live in poverty by definition. Elderly, blind and disabled people can only qualify if they have extremely low income and wealth, and they typically receive just $954.72 per month.
On the other hand, people with sufficient work history can qualify for monthly SSDI payments based on their former wages, with the average national benefit at $1,280 per month.
Still, Californias SSDI recipients often face steep financial challenges. They are more than twice as likely to live in poverty compared to the rest of the population, according to calculations by Andrew Houtenville, an economist at the Institute on Disability at the University of New Hampshire. And people with disabilities often have to cover expensive medical equipment, appointments with specialists and drugs out-of-pocket.
Imparato acknowledged that the state was trying to make hard decisions quickly but including everyone on SSDI probably would have been a more equitable thing to do than excluding them because you dont have access to their program or because its not a means-tested program.
According to a legislative staffer familiar with ongoing budget negotiations, some members of the Legislature are pushing the Newsom administration to expand eligibility for the Golden State Stimulus payments to Californians on SSDI, among other groups.
What To Do If Your Ssdi Payment Is Late
If you are worried that your payment was stolen, you should contact the SSA immediately. Otherwise, they request that you wait at least three business days after the date you should have received your check to contact your local office or call them at 1-800-772-1213 on Monday through Friday from 7:00 am to 7:00 pm.
You should receive your first payment within 90 days of being approved for benefits. If you do not get it within this time period, contact your Social Security disability lawyer if you have one or the SSA.
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Do I Have To Do Anything To Get My New Stimulus Payment
According to the IRS, individuals who receive Social Security Disability, Social Security Retirement, and Supplemental Security Income should automatically receive stimulus payments.
If you receive SSI or SSDI benefits as your only form of income, you are not required to file a federal income tax return in 2018 or 2019 to receive a stimulus check.
How Much Will I Get In My Second Stimulus Check If I Am Receiving Social Security Disability
In December new stimulus payments in the amount of $600 were signed into law.
In December there was also a lot of talk by congress-people of $2,000 payments. But those are not happening, as of January 1, 2020 because the last Senate didnt vote on any bill to replace the $600 stimulus check with a $2,000 payment. A new Senate and House will be sworn in Jan. 3 so there is still a possibility that a third stimulus check will happen in early 2021.
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Nearly 30 Million Social Security And Supplemental Security Income Beneficiaries Are Waiting For News About Their Payments
Im an 82-year-old elderly person living in Huntsville, Alabama, one woman wrote. I am disabled. I am requesting your assistance as I really need the money to assist me.
Like so many others who receive certain federal benefits, the writer isnt required to file a federal tax return. The IRS says it will automatically send Economic Impact Payments to people who didnt file a return but who receive Social Security retirement, survivor or disability benefits , Railroad Retirement benefits, Supplemental Security Income or Veterans Affairs benefits.
As with the first and second rounds of payments, beneficiaries of Social Security and other federal programs will generally receive this third payment the same way as their regular benefits.
One day after the American Rescue Plan was signed into law on March 11, the Treasury Department and the IRS started sending stimulus payments. In total, about 127 million payments worth $325 billion are being disbursed in the latest round of stimulus. The plan provides for payments of up to $1,400 for eligible individuals and $2,800 for couples filing a joint return. Dependents, regardless of age, also receive $1,400 each.
After hearing how fast payments are going out, federal beneficiaries are right to think, Great, I should get my money soon, too.
But many federal benefit recipients have heard nothing. No notice of a direct deposit. No information on when to expect a stimulus check or prepaid debit card.
Eligibility For Ssdi Benefits
As you know, SSDI benefit eligibility can change depending on your circumstances and on the condition of your disability. Knowing what changes could affect your SSDI benefits is important for preserving your financial situation. As a start, it can help to refresh on what requirements you need to receive SSDI benefits:
- You must be diagnosed with a disability that is listed in the Social Security Administration Blue Book
- Your disability must be expected to last at least a year or lead to death
- The SSA definition of a disability is a mental or physical condition that significantly impairs your ability to work
- The disability prevents you from working
Some people may lose their SSDI benefits and think the stimulus check is to blame. However, if any of these factors have changed since you started receiving disability benefits, then this may account for instances where the SSA decreased your benefits or ceased approving your benefits entirely. Be sure to check with the SSA about this by calling them to inquire why your SSDI benefits have changed.
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Eligibility Requirements To Receive A Coronavirus Relief Stimulus Check
As mentioned earlier, recipients of disability benefits are not excluded from receiving the stimulus checks, but there are specific requirements that must be met in order to qualify for these funds. First, you must have a valid Social Security number. Second, you must not be claimed as a dependent on another individuals tax return. Third, you cannot be incarcerated. Fourth, your income will dictate how much you receive. For example, only individuals making less than $75,000 are eligible to receive the full $600. The government typically uses recent tax filings to determine an individuals income in most cases.
Do Ssi Recipients Have To File Taxes To Get A Stimulus Check
According to the IRS, people who receive Social Security retirement, SSDI, SSI and Railroad Retirement benefits, as well as Veterans Affairs beneficiaries, were automatically eligible for the first two stimulus payments. It isnt too late to claim missing stimulus money, but you have to file a tax return to do so.
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The Senior Citizens League Is Calling On Congress To Approve An Additional Round Of Direct Payments For Senior Citizens To Mitigate The Effects Of Inflation
The third round of stimulus checks saw more than 169 million payments sent out to eligible Americans, and some are pushing for a fourth as inflation continues to bite. The threat of the more contagious covid-19 variant, Omicron, has spooked the markets and created new wave of illness.
In early January the United States surpassed one million covid-19 cases in a single day for the first time, and then went on to beat that record in each of the three following days. With individuals forced to self-isolate after a positive test there is concern that millions could have their livelihood threatened.
The non-partisan advocacy group Senior Citizens League has called on Congress to send those receiving Social Security additional stimulus money. In a letter, TSCL Chairman Rick Delaney implored leaders in Congress to approve a one-off $1,400 Social Security stimulus payment for seniors.
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While the chances of a fourth stimulus check being sent to the millions of households that received the first three are dwindling, support for a new more targeted check is gaining popularity at the grassroots level.
The Senior Citizens League , an organization that advocates for the rights of seniors argue that the federal government should send $1,400 to Social Security beneficiaries who have seen their disposable incomes plummet during the pandemic.
For many of the more than 64 million people who receive Social Security, the benefits are their only source of income. This figure represents one in every six Americans and four out of five seniors.
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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.
Payment Status Not Available Message
If you aren’t having luck with the Get My Payment tool, keep checking your bank account or Direct Express card, or wait for a letter from the IRS. The IRS will mail you a letter several weeks after the agency deposits your stimulus money or mails your paper check. The letter will tell you how and when the payment was made. If you didn’t receive the money, the letter will tell you how to contact the IRS.
Some disability recipients saw this message when they logged on to the IRS’s Get My Payment tool in January or February: Payment Status #2 – Not Available. The IRS has indicated that these individuals will not receive a stimulus check by direct deposit or mail, and they will have to file a 2020 tax return to claim their Recovery Rebate Credit . See above for instructions on claiming the rebate on your tax return. These messages have now disappeared and will be replaced by information about the third payment.
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Impact Of Not Filing A Tax Return On Your Ability To Receive A Stimulus Check
If your only source of income is federal disability benefits, there is a good chance you did not file a personal income tax return in recent years. This is because individuals are not required to file typical tax returns when their income levels are below a specific threshold and/or rely exclusively on federal benefits. According to the CARES Act , individuals who relied exclusively on disability benefits would still be able to get a stimulus check, even if they did not file a tax return in recent years.
Can I Still Sign Up For A New Direct Express Account
You can sign up for a new Direct Express account at any time to receive monthly federal benefits electronically, but if you don’t currently have an account, you’ll receive your third stimulus check a different way, likely .
If you closed your Direct Express account or there’s an error sending money to an inactive account, the payment will be returned to the IRS, which will reissue the stimulus money another way — probably via mail sent to your last known address. If you moved, make sure to inform the IRS and USPS of your new address.
To contact Direct Express to enroll in a new account for monthly benefits, call 1-800-333-1795, Monday through Friday from 6 a.m. to 4 p.m. PT . Note that Direct Express representatives may not be able to answer stimulus check questions.
If you have missing stimulus money for yourself or your dependents, you need to claim it when you file your tax return.
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What To Do If You Did Not Get Your Stimulus Check
Because there were three rounds of stimulus payments, there are different procedures to follow to locate a lost payment for each of them. If you did not get your payment from rounds one and two can be claimed as a recovery rebate credit on your 2020 federal income tax return. It will come to you as a credit against taxes that you owe or as a tax refund. Missing third-round payments may be claimed on your 2021 federal income tax return.
If you check the status of your payment through the IRS and discover that it was issued and never received, you may ask them to trace it. Be aware that the following waiting periods apply before you can ask for a lost payment to be traced:
- Direct deposits â five days.
- Checks mailed to current â four weeks.
- Checks mailed to a former address â six weeks.
- Checks mailed to a foreign address â nine weeks.
Do not let the waiting periods or hassle of having to deal with the IRS stand in the way of getting the money that you are entitled to receive.
The good news about your stimulus check
The good news is that when you finally get your stimulus check, it will not affect the check SSD sends you through SSI. The SSA will not treat it like an SSI resource for 12 months, and the check Social security disability sends you through SSDI will not be affected because the stimulus payment is not earned income.