New Guidance about COVID-19 Economic
Impact Payments for Social Security and Supplemental Security Income
(SSI) Beneficiaries
From Social Security Commissioner Andrew
Saul
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[August 26, 2020]
“The Treasury Department launched a new web
tool allowing quick registration for Economic Impact Payments for
eligible individuals who do not normally file a tax return, and also
announced that it would begin making automatic payments.
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However, for some people receiving benefits from
the Social Security Administration--specifically those who have
dependent children under the age of 17--it is to their advantage to
go to this portal to ensure they also get the $500 per dependent
Economic Impact Payment. I encourage them to do this as soon as
possible, and want to provide the following details:
People who receive Social Security retirement, survivors, or
disability insurance benefits and who did not file a tax return for
2018 or 2019 and who have qualifying children under age 17 should
now go to the IRS’s webpage at
www.irs.gov/coronavirus/economic-impact-payments to enter their
information instead of waiting for their automatic $1,200 Economic
Impact Payment. By taking proactive steps to enter information on
the IRS website about them and their qualifying children, they will
also receive the $500 per dependent child payment in addition to
their $1,200 individual payment. If Social Security beneficiaries in
this group do not provide their information to the IRS soon, they
will have to wait to receive their $500 per qualifying child.
The same new guidance also applies to SSI recipients, especially
those who have qualifying children under age 17. To receive the full
amount of the Economic Impact Payments you and your family are
eligible for, go to the IRS’s Non-Filers: Enter Payment Info page at
www.irs. gov/coronavirus/economic-impact-payments and provide
information about yourself and your qualifying children.
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Additionally, any new beneficiaries since January 1,
2020, of either Social Security or SSI benefits, who did not file a
tax return for 2018 or 2019, will also need to go to the IRS’s
Non-Filers website to enter their information.
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:
www.irs. gov/coronavirus/economic-impact-payment-information-center.
In addition, please continue to visit the IRS at
www.irs.gov/coronavirus
for the latest information.
We will continue to update Social Security’s COVID-19 web page at
www.socialsecurity.gov/coronavirus/ as further details
become available.”
[Text from file received] |