“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.
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 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."
Continue reading the article for additional details
https://blog.ssa.gov/new-guidance-about-covid-19-economic-impact-payments/
 |
| New Guidance about COVID-19 Economic Impact Payments |
No comments:
Post a Comment