The Internal Revenue Service is reminding Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by Tuesday, May 5, if they didn’t file a tax return in 2018 or 2019 and have dependents so they can receive the full amount of their Economic Impact Payment.
Their $1,200 payments will be issued soon, however, to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued, according to an IRS news release. Otherwise, their payment will be $1,200, and, by law, the additional $500 per eligible child amount will be paid in association with a return filing for the tax year 2020.
“The deadline is quickly approaching for these groups so they can get their maximum Economic Impact Payment of $1,200 and $500 for each eligible child as quickly as possible,” said IRS Commissioner Chuck Rettig in the news release. “These groups will get $1,200 automatically, but they need to act quickly and use the Non-Filers tool on IRS.gov to get the extra $500 per child added to their payment. Everyone should share this information widely and help others with the Plus $500 Push so that more Americans get more money as fast as possible.”
The following work by the IRS and partner government agencies, $1,200 automatic payments will be starting soon for those receiving Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and VA Compensation and Pension (C&P) beneficiaries who didn’t file a tax return in the last two years. No action is needed by these groups to automatically receive the $1,200 payment.
For VA and SSI recipients who have a qualifying child and didn’t file a 2018 or 2019 tax return, they have a limited time to register to get $500 per eligible child added automatically to their $1,200 Economic Impact Payment. A visit to the special Non-Filers tool on IRS.gov by Tuesday, May 5, for these groups may help put all of their eligible Economic Income Payment into a single payment. The Non-Filers tool is available in English and Spanish, the news release further states.
To help spread the word to recipients with children about this special “Plus $500 Push,” the IRS has additional material available on a special partner page.
SSI and VA recipients who have children and who weren’t required to file a tax return in 2018 or 2019 should visit the Non-Filers: Enter Payment Info Here tool on IRS.gov. By taking steps to enter information on the IRS website about them and their qualifying children, they can receive the $500 per dependent child payment automatically in addition to their $1,200 individual payment. Otherwise, their payment will be $1,200, and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for the tax year 2020.
SSI and VA recipients who receive Compensation and Pension (C&P) benefit payments should receive automatic payments by mid-May. If they have children and aren’t required to file a tax return, both groups should use the Non-Filers tool before the May 5 deadline. Once the deadline passes and processing begins on the $1,200 payment, they will not be eligible to use the Non-Filers tool to add eligible children. Their payment will be $1,200 and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for the tax year 2020.
For recipients of Social Security retirement, survivors or disability insurance benefits (SSDI), and Railroad Retirement Benefits (RRB), automatic payments of $1,200 recently began arriving. No action is needed on their part. This includes people who don’t normally file a tax return.
For Social Security/RRB beneficiaries who don’t normally file a tax return, have a child, and registered using the IRS Non-Filers tool by the April 22 deadline, more payments are arriving the first week of May, according to the news release.
For SSA/RRB beneficiaries who don’t normally file a tax return and have a child but did not register on the IRS Non-Filers tool by April 22, they still are receiving their automatic $1,200 starting this week. Given the deadline has passed, by law, the additional $500 per eligible child amount would be paid in association with filing a tax return for 2020. This group can no longer use the Non-Filers tool to add eligible children.
Direct Express Account Holders: You may use the Non-Filers tool, but you cannot receive your and your children’s payment on your Direct Express account. You may only select a bank account for direct deposit or leave bank information blank and receive the money by mail.
No Action Needed by Most Taxpayers
The Treasury Department will make these automatic payments to SSA, SSI, RRB, and VA recipients. Recipients will generally receive the automatic $1,200 payments by direct deposit, Direct Express debit card, or by paper check, just as they would normally receive their benefits.
For more information related to veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments from VA, please visit VA.gov.