Federal lawmakers enacted a $2 trillion economic stimulus package Friday that will send most Americans checks of up to $1,200, as a way to put money directly in the pockets of families struggling to manage the economic fallout of the coronavirus pandemic. Individuals who are collecting Social Security benefits for retirement, disability or Supplemental Security Income will be eligible for the stimulus checks, based on their tax returns or Social Security Administration data. AARP successfully fought to guarantee that low-income Social Security recipients will receive the full $1,200 check, not $600 as originally proposed. Here’s what you need to know.
If you are receiving Social Security benefits but didn’t file taxes in 2018 or 2019, you will be eligible to receive a stimulus check without a tax return based on data available to the IRS from your annual Social Security benefits statement. The government will send you a direct deposit or check using the information from your Form SSA-1099 Social Security Benefit Statement or your Form RRB-1099 Social Security Equivalent Benefit Statement. You will not have to file a 2019 tax return to get a stimulus check.
If you receive Social Security benefits for disability, retirement or Supplemental Security Income, you are eligible to receive a stimulus check or direct deposit. Only individuals whose annual adjusted gross income exceeds $99,000 will not get checks.
According to the law, people who do not receive Social Security benefits and also do not typically file taxes because their income is very low will need to file a 2019 tax return in order to receive a stimulus check.
You can find the full AARP article here.