US recipients of SS payments

[toast]

Thanks, the IRS web page has an update that reads that SSI recipients will get their corona recovery payment without having to file. The IRS has amended their page today, since the page now reads differently from when I cut and paste it into BA Expats

 

[gracielle]

Economic impact payments: What you need to know | Internal Revenue Service

IR-2020-61, March 30, 2020 — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. Updated with new information for...

www.irs.gov

Updated with new information for seniors, retirees on April 1, 2020. Also see Treasury news release.

Check IRS.gov for the latest information: No action needed by most people at this time
IR-2020-61, March 30, 2020

WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some taxpayers who typically do not file returns will need to submit a simple tax return to receive the economic impact payment.

Who is eligible for the economic impact payment?
Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible. Social Security recipients and railroad retirees who are otherwise not required to file a tax return are also eligible and will not be required to file a return.

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child.

How will the IRS know where to send my payment?
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.

For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.

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. The IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate Economic Impact Payments to recipients of benefits reflected in the Form SSA-1099 or Form RRB-1099 who are not required to file a tax return and did not file a return for 2019 or 2019. This includes senior citizens, Social Security recipients and railroad retirees who are not otherwise required to file a tax return.

Since the IRS would not have information regarding any dependents for these people, each person would receive $1,200 per person, without the additional amount for any dependents at this time.

I have a tax filing obligation but have not filed my tax return for 2018 or 2019. Can I still receive an economic impact payment?
Yes. The IRS urges anyone with a tax filing obligation who has not yet filed a tax return for 2018 or 2019 to file as soon as they can to receive an economic impact payment. Taxpayers should include direct deposit banking information on the return.

I need to file a tax return. How long are the economic impact payments available?
For those concerned about visiting a tax professional or local community organization in person to get help with a tax return, these economic impact payments will be available throughout the rest of 2020.

Where can I get more information?
The IRS will post all key information on IRS.gov/coronavirus as soon as it becomes available.

 

[gracielle]

3 April 2020
Some Americans may not get stimulus checks until August. Here's why.

Some Americans may not get stimulus checks until August. Here's why.

Those without direct deposit will receive paper checks, which will be issued at a rate of about 5 million per week. This could take up to 20 weeks.

abc7news.com

 

[artisans]

The IRS has now set up a web tool for non filers to provide information and a means, like a bank account, to receive the stimulus payment. Web page is here: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
The IRS said it plans to launch another online tool April 17 that will allow people to provide their bank account information to the agency, if they didn't on their tax returns, so they can get their payments directly deposited.
The entire, informative article is here:

IRS, Treasury launch online tool to get stimulus payments to nonfilers

Millions of Americans aren’t required to file tax returns, including those with very low incomes.

www.politico.com

 

[Rich One]

Is this correct from the above link..?

https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
"
Most eligible U.S. taxpayers will automatically receive their Economic Impact Payments including:

• Individuals who filed a federal income tax for 2018 or 2019
• Individuals who receive Social Security retirement, survivors, or Social Security Disability Insurance benefits

 

[artisans]

Is this correct from the above link..?
https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
"Most eligible U.S. taxpayers will automatically receive their Economic Impact Payments including:

• Individuals who filed a federal income tax for 2018 or 2019
• Individuals who receive Social Security retirement, survivors, or Social Security Disability Insurance benefits

Yes but. That's the way it's written and if you're sitting in the US, at the address you filed your return from that's likely the end of any concerns. A check or a bank account, all good.
However, I had some concerns. #1 I went to the IRS website where I had an online account. I wanted to check what bank account and filling address information they had on file. Their message when I tried to sign in was, we've changed the system, sign up anew. The new system kept signing me out, never got in!! #2 if you've been filing from abroad and gave the IRS your residence address outside the US then are they going to mailing a check to that address? Further if you've moved since filing 2018 tax return (and even though I filled a form and gave new Argentina address) - do they have it, will they try to send a check to Argentina?
I don't recall ever giving the IRS a bank account number for refunds. They can find a bank account with my Social Security monthly pay. Will they look for it? Would you ever be able to get through to an IRS agent to discuss it if you called now?
So, I was relieved to see this message: "The IRS said it plans to launch another online tool April 17 that will allow people to provide their bank account information to the agency, if they didn't on their tax returns, so they can get their payments directly deposited."
Sounds promising, let's see how they handle it.
Given what's going on in the US government right now, fumbling the ball left, right and center, it's a take no chances environment, imho.

 

[Caribbean Cool]

Whatever it is that you are trying to say, if you have direct deposit from the SS Administration, you should be covered. If you don't THEN you have to dance with Treasury. You can only hope that the IRS has no knowledge of your bank accounts. IRS and Social Security do not talk to each other.

 

[artisans]

Whatever it is that you are trying to say, if you have direct deposit from the SS Administration, you should be covered. If you don't THEN you have to dance with Treasury. You can only hope that the IRS has no knowledge of your bank accounts. IRS and Social Security do not talk to each other.

Ja ja ja, If? should? then? can only hope? What am I trying to say? That's rich.

 

[gracielle]

14 April 2020
Getting a Stimulus Check? Trump’s Name Will Be on It
The decision to have President Trump’s name appear on the checks is a break in protocol.

Getting a Stimulus Check? Trump’s Name Will Be on It (Published 2020)

The decision to have President Trump’s name appear on the checks is a break in protocol.

www.nytimes.com

 

[artisans]

14 April 2020
Getting a Stimulus Check? Trump’s Name Will Be on It
The decision to have President Trump’s name appear on the checks is a break in protocol.

Getting a Stimulus Check? Trump’s Name Will Be on It (Published 2020)

The decision to have President Trump’s name appear on the checks is a break in protocol.

www.nytimes.com

Thinking about the onerous POS move this morning and several options come to mind - 'spit before cashing', white out before cashing, can that part of the check be trimmed off before cashing? Get a Twitter account and insult and defame Impotus before cashing. Pray the IRS direct deposits to bank account.