As the IRS delays the latest tax filing date to May 17, it continues to end out the 1,400 dollar stimulus check to families with a direct deposit on file but this doesn’t apply to recipients of Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) benefits. If you are a recipient of either one of the benefits you may not receive your check during the first wave.
The new eligibility criteria that apply to the third wave of stimulus payments could assist you in obtaining a bigger check this time around. If you stopped or started receiving SSI or SSDI in 2019 or 2020, your situation could become complicated now that it’s tax season.
Some Social Security recipients in urgent need of financial assistance say they’re still waiting for the emergency relief payment.
The problem may sit with the Social Security Administration (SSA), according to a Wednesday letter from the House Ways and Means Committee to the benefits agency. The letter states that 30 million Social Security recipients are still waiting for their checks and that the IRS had asked the SSA to send its payment files two weeks before the checks were signed into law by President Joe Biden on March 11.
“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),” it read.
“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.”
When can Social Security recipients expect the stimulus check?
Even though there has been a delay getting the third payments to around 30 million people who receive benefits from Social Security, Supplemental Security Income, the Railroad Retirement Board and Veterans Affairs, this is because the Social Security Administration did not send the IRS the necessary paperwork.
But the IRS should have received the information it needed to send the payments last Thursday, and announced Tuesday that many Social Security beneficiaries and many others who don’t normally file taxes will start getting their payments by April 7.
What if the IRS sends the incorrect amount?
The IRS has said that the third stimulus payments will be based on 2020 income. So if you receive a payment before the agency processes last year’s return but you qualify for more money based on your 2020 income, the agency will top off your stimulus payment at some point this year.
Taxpayers won’t have to do anything to get all of the money they are eligible for, except file their 2020 returns. If you qualify for less money in 2020, you will not owe any money back.