El Social Security Commissioner Andrew Saul provided updated information on how payments will be made economic stimulus de COVID-19 for the beneficiaries.
By MiamiDiario Newsroom
I want to provide an update to the people who receive benefits from the Social Security Administrationl," commented Andrew Saul, Commissioner of Social Security in the statement issued by his office.
In it, it is reported that on April 1, the US Department of the Treasury announced that the Social Security beneficiaries that usually do not require filing a tax return, they will not need to file an abbreviated tax return to receive the economic stimulus payment.
Read also: IRS: What you must do to receive the payment for the coronavirus
"The Internal Revenue Service (IRS, for its acronym in English) will use the information in the Form SSA-1099 for generate the economic stimulus payments of $1,200 for Social Security beneficiaries who did not file tax returns in 2018 or 2019,” he points out.
The statement clarifies that will be the Treasury Department, not Social Security, which will make automatic payments to Social Security beneficiaries. “The beneficiaries will receive these payments via direct deposit or paper checks, as they usually receive their Social Security benefits.”
For updates from the IRS, visit www.irs.gov/es/coronavirus.
Read also: It's now July 15: IRS extends federal tax filing and payment deadline
IRS note to people receiving Supplemental Security Income benefits:
“We are working closely with the Treasury Department to resolve outstanding questions related to our Supplemental Security Income (SSI) recipients in an effort to issue economic stimulus payments as quickly and efficiently as possible.
We understand people's concerns, and the IRS will provide more information at www.irs.gov/es/coronavirus when available. For people receiving SSI, please note that we will not consider economic stimulus payments as income and will exclude payments from the resource limit for 12 months.
We will continue to update Social Security's web page on COVID-19 at www.segurosocial.gov/espanol/coronavirus/ as more details become available."
You may also be interested in
Weston Mayor Tests Positive for COVID-19
Two crucial weeks are coming! It increased to 12.350 infected and 221 deceased by Covid-19 in Florida
Frightening! Aftermath of the coronavirus will lead to four crises worldwide