topic As a senior receiving social security benefits, am i eligible for a stimulus check from the CARES act using my SSA-1099 or do i need to file a tax return? in Retirement tax questions

As a senior receiving social security benefits, am i eligible for a stimulus check from the CARES act using my SSA-1099 or do i need to file a tax return?

Bella210 — Wed, 01 Apr 2020 21:04:48 GMT

Re: As a senior receiving social security benefits, am i eligible for a stimulus check from the CARES act using my SSA-1099 or do i need to file a tax return?

DoninGA — Wed, 01 Apr 2020 21:06:31 GMT

See this IRS website for information - https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

The IRS does not have my direct deposit information. What can I do?

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

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.

Re: As a senior receiving social security benefits, am i eligible for a stimulus check from the CARES act using my SSA-1099 or do i need to file a tax return?

fanfare — Thu, 02 Apr 2020 02:58:54 GMT

news flash: Treasury News Release: Social Security Recipients Will Automatically Receive Economic Impact Payments

why are you asking this here? you should be consulting www.irs.gov for latest information.

Re: As a senior receiving social security benefits, am i eligible for a stimulus check from the CARES act using my SSA-1099 or do i need to file a tax return?

VolvoGirl — Thu, 02 Apr 2020 03:00:01 GMT

NEW INFO FOR THE STIMULUS CHECK......

From the U.S. Department of the Treasury

April 1, 2020

WASHINGTON – 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.

For the full press release see:

https://home.treasury.gov/news/press-releases/sm967