Tuesday, May 5, 2020

Stimulus checks still coming


Many Social Security beneficiaries, including the elderly, disabled and low-income families, still haven’t received their rebate checks, which could be as much as $1,200 per person depending on income levels. Many haven’t gotten their stimulus checks, even if they’ve filed returns in the last year, or if their accounts are up-to-date and include direct deposits with the Social Security Administration.
Some Veterans Affairs and SSI recipients with qualifying children who don’t normally file tax returns won’t see their checks until after May 5, which is the deadline for those who do not file a tax return but have dependents. The IRS said these beneficiaries have a limited window to send information to the agency with its Non-Filers Tool so that they receive the additional $500 per qualifying child, or they will receive the maximum amount of $1,200 and receive the extra money linked to dependents when they file taxes next year. Individuals looking for their stimulus checks in the mail will wait even longer. The money could take 20 weeks to be mailed out, according to the House Ways and Means’ timetable — the IRS will begin sending them out, at a rate of 5 million a week, beginning in early May. The checks will first go to households with the lowest adjusted gross incomes.
Go to irs.gov for payment information.

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