Millions of Americans who get social security have yet to receive the third round of stimulus checks worth worth $1,400 per eligible individual. Though according to recent reports, social security recipients will finally get their money on April 7.
Last Wednesday, CBS reported nearly 30 million Americans who get social security had yet to receive their stimulus checks. The House Ways and Means Committee wrote a letter to the IRS about the issue, which said:
We write you today regarding the nearly 30 million Social Security and Supplemental
Security Income beneficiaries who are still awaiting their economic impact payments (EIPs).
We understand that these beneficiaries are waiting because the Social Security Administration
(SSA) has not sent the necessary payment files to the Internal Revenue Service (IRS).
We are aware that the IRS asked SSA to start sending payment files two weeks before the
American Rescue Plan became law on March 11, 2021. As of today, SSA still has not provided
the IRS with the payment files that are needed to issue EIPs to these struggling Americans. We
demand that you immediately provide the IRS with this information by tomorrow,
March 25, 2021.
The third round of stimulus checks are coming to social security recipients nearly a month after President Joe Biden signed the American Rescue Plan into effect on Thursday, March 11.
The IRS had this to say on Tuesday:
As work continues on issuing millions of Economic Impact Payments to Americans, the Internal Revenue Service and Treasury Department announced today that they anticipate payments will begin to be issued this weekend to Social Security recipients and other federal beneficiaries who do not normally file a tax return, with the projection that the majority of these payments would be sent electronically and received on April 7.
After receiving data from the Social Security Administration on Thursday, March 25, the IRS began the multi-step process to review, validate, and test tens of millions of records to ensure eligibility and proper calculation of Economic Impact Payments. If no additional issues arise, the IRS currently expects to complete that work and to begin processing these payment files at the end of this week. Because the majority of these payments will be disbursed electronically – through direct deposits and payments to existing Direct Express cards – they would be received on the official payment date of April 7.
Many federal beneficiaries who filed 2019 or 2020 returns or used the Non-Filers tool last year were issued Economic Impact Payments, if eligible, during the last three weeks. The update today applies to Social Security retirement, survivor or disability (SSDI), Supplemental Security Income (SSI), and Railroad Retirement Board (RRB) beneficiaries who did not file a 2019 or 2020 tax return or did not use the Non-Filers tool.
IRS Commissioner Chuck Rettig added: “IRS employees are working tirelessly to once again deliver Economic Impact Payments to the nation’s taxpayers as quickly as possible. Our teams immediately began processing data we received last week for federal benefit recipients. We know how important these payments are, and we are doing everything we can to make these payments as fast as possible to these important individuals.”
CBS News reported that the IRS had already deposited or issued 127 million Americans stimulus money worth $325 billion.
The IRS encourages Americans to check the “Get My Payment” tool for the status of their stimulus money.
Read more of this report at CBS News.
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