STIMULUS CHECKS UPDATE - THE IRS DEPOSITED CHECKS AND SAYS 80 MILLION PEOPLE WILL IT IN THEIR ACCOUNTS TOMORROW APRIL 15. IRS PROVIDES DIRECTION ON USING THE IRS PORTAL FOR PEOPLE ON SOCIAL SECURITY, SSDI AND SSI. SoFi Invest (Free $75):
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the good news is that the IRS says over 80 million people will get their money this Wednesday april 15th... This used to be tax day when we owed the IRS money but this year the tables are turned and the government is paying us on april 15th... tax day is now july 15th just incase you didnt know that already... this is what the press release from the treasury department said yesterday... Millions of Americans are starting to see Economic Impact Payments deposited directly in their bank accounts. The U.S. Department of the Treasury and IRS expect tens of millions of Americans will receive their payments via direct deposit by Wednesday, April 15. These payments are being automatically issued to eligible 2019 or 2018 federal tax return filers who received a refund using direct deposit. Treasury and the IRS worked with unprecedented speed to get this fast and direct assistance to the American people.... So thats something to be excited about... check your bank accounts tomorrow and make sure to spend that money wisely given the current uncertain economic conditions
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 go to that irs portal 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 you and your qualifying children, you will also receive the $500 per dependent child payment in addition to your $1,200 individual payment. If Social Security beneficiaries in this group do not provide information to the IRS soon, you will have to wait to receive $500 per qualifying child.
Next it says... SSI recipients, especially those who have qualifying children under age 17: need to go to that IRS portal and provide information about yourself and your qualifying children. inorder to receive the full amount of the Economic Impact Payments you and your family are eligible for
Next it says that New beneficiaries since January 1, 2020, of either Social Security or SSI benefits, who did not file a tax return for 2018 or 2019: need to go that webpage to enter their information...
Then it says Social Security retirement, survivors, or disability beneficiaries who DO NOT have qualifying children under age 17: 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.
Finally... SSI recipients who do not have qualifying children under age 17:.... they're saying We continue to work closely with Treasury in our efforts to make these payments automatically.... not sure why SSI recipients who have qualifying children can enter their info in that webtool but those who don't have qualifying children... can't.
#stimulus #stimuluscheck
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