Statement from Social Security Commissioner Andrew Saul about COVID-19 Economic Impact Payments for Beneficiaries
Style Magazine Newswire | 4/6/2020, 1:16 p.m.
“I want to provide an update to people who receive benefits from the Social Security Administration.
The Department of the Treasury (Treasury) announced on April 1 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. The IRS will use the information on the Form SSA-1099 to generate $1,200 economic impact payments to Social Security beneficiaries who did not file tax returns in 2018 or 2019.
Treasury, not Social Security, will make automatic payments to Social Security beneficiaries. Beneficiaries will receive these payments by direct deposit or by paper check, just as they would normally receive their Social Security benefits.
For updates from the IRS, visit www.irs.gov/coronavirus.
Note for Supplemental Security Income (SSI) Recipients:
We are working closely with Treasury to address outstanding questions about our SSI recipients in an attempt to make the issuance of economic impact payments as quick and efficient as possible. We realize people are concerned, and the IRS will provide additional information at www.irs.gov/coronavirus when available. Please note that we will not consider economic impact payments as income for SSI recipients, and the payments are excluded from resources for 12 months.
We will continue to update Social Security’s COVID-19 web page at www.socialsecurity.gov/coronavirus/ as further details become available.”
To get more Social Security news, follow the Press Office on Twitter @SSAPress.
This press release was produced and disseminated at U.S. taxpayer expense.