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Retirement tax questions
@momnonetaxes wrote:
There is now a reason. The IRS website states CARES Act stimulus checks for seniors, even if their only source of income is Social Security, will now be available for those that file for 2018 or 2019.
See this IRS website for information - https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
I am not typically required to file a tax return. Can I still receive my payment?
Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.
How can I file the tax return needed to receive my economic impact payment?
IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.