EmilyD wrote:
If your income is below a certain amount, you are not required to file a tax form because there will be no refund. If you are in that category, but file a form anyway that does not require a direct deposit of a refund, you cannot put your bank information on the tax form (you are only allowed to do that if you are receiving a refund).
So it's a bit confusing as to whether the IRS will use the information on your tax form, or the info from your SS benefit to send the funds....
You may have that backward on "below" a certain amount, I think you mean above, hang on, I'm only saying this because I know that the more money you make the less you get. I know this from what each of my children, the one who made the most got less.
I don't think people on SS get a check, do you know that for sure?
Just found this, answered my own question:
Many Americans are expecting a check from the federal government within the next month, as part of a stimulus package intended to provide the country financial relief as COVID-19 stresses physical and financial health around the world.
Retirees and those who claim Social Security are a part of that group, though they may face some complications, experts said.
Overall, the package is pretty straightforward surrounding the rebate checks: Americans who make no more than $75,000 will receive $1,200, and double that if they are married and making $150,000 or less.
Payments start to decrease thereafter, and those who earn $99,000 as a single individual or $198,000 as a married couple will not receive any money. Heads of households have a limit of $146,500. Individuals with children will receive $500 for every child.