Janssen & Igar
  • Home
  • Services
  • Here To Help
  • Info/Contact Us
  • COVID-19 Updates
  • IRS Tips

Social Security Recipients Will Automatically Receive Economic Impact Payments

4/1/2020

0 Comments

 
Social Security Recipients Will Automatically Receive Economic Impact Payments

​WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today 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 an 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.


0 Comments



Leave a Reply.

    Archives

    March 2021
    February 2021
    October 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

Monday thru Thursday: 9am to 5pm ​
Friday: 9am to Noon
Phone: 727-525-9723​
​      Fax: 727-526-4292

1626 38th Avenue North
St. Petersburg, FL 33713