San Francisco Tax Preparation / CPA: SSI Recipients to Get Automatic Economic Impact Payments

Filed in CCH NEWS FEED by on June 12, 2020

The IRS, the Treasury Department, and the Social Security Administration, announced that recipients of Supplemental Security Income (SSI) would automatically receive Economic Impact Payments (EIPs). SSI recipients would receive a $1,200 EIP which is expected to go out no later than early May. The IRS took a similar action to ensure those receiving Social Security retirement or disability benefits and Railroad Retirement benefits could receive automatic payments of $1,200, as would eligible taxpayers who filed tax returns for 2019 or 2018.

The law also provides eligible taxpayers with qualifying children under age 17 to receive an extra $500. For taxpayers who filed tax returns in 2018 or 2019, the child payments will be automatic. However, many benefit recipients typically are not required to file tax returns. If benefit recipients have qualifying children, an extra step is needed to add $500 per child onto their automatic payment of $1,200 if they did not file a tax return in 2018 or 2019. Taxpayers who receive Social Security retirement or disability benefits, Railroad Retirement benefits or SSI and who have a qualifying child will need to register by visiting the https://www.irs.gov/coronavirus/economic-impact-payments special tool webpage to provide their information in the Non-Filers section ( https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here).

For general information about EIPs, see the IRS webpage at https://www.irs.gov/coronavirus/economic-impact-payment-information-center.

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