Here's what Social Security beneficiaries and other seniors should know about their stimulus checks:
. It turns out she wasn’t the only one; 41 U.S. Senators wrote a letter to Treasury Secretary Steven Mnuchin and the Social Security Administration expressing alarm over the guidance, and demanded it be fixed. backtracking on the requirement of tax returns for Social Security beneficiaries.
“The U.S. Department of the Treasury and the Internal Revenue Service today announced 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. Instead, payments will be automatically deposited into their bank accounts,” reads the statement.According to the most recent IRS statement, no.
Supplemental Security Income and Veterans Affairs beneficiaries who don’t normally file tax returns and have qualifying dependents have until May 5 to provide additional information to receive the $500 per qualifying dependent.
If you qualify for a stimulus check, you will receive it on your existing Direct Express card. If you don’t have a Direct Express card, you cannot sign up now to receive your stimulus payment on the card. This federally-issued debit card is designed specifically for Social Security and other federal beneficiaries who don’t have bank accounts. Some
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