Cross References
- https://home.treasury.gov/news/press-releases/sm967
The U.S. Department of the Treasury and the Internal Revenue Service has 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.
"Social Security recipients who are not typically required to file a tax return do not need
to take any action, and will receive their payment directly to their bank account," said
Secretary Steven T. Mnuchin.
The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 Economic Impact Payments to Social Security recipients who did not file tax
returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by
paper check, just as they would normally receive their benefits.
Social Security Recipients Will Automatically Receive Economic Impact Payments
Post Date: 4/2/20 |
Last Updated: 4/2/20 |
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