Objective Getty Images

If you receive Social Security or supplementary security benefits and are still waiting for a stimulus review, you need to file a tax return as soon as possible to receive the money, the Social Security Agency said.

The announcement concerns the first $ 1,200 and the second $ 600 financial impact payments approved by Congress last year. Even if you don’t have an income, you have to file a notice if these checks are missing, the Social Security Administration said.

Filing a tax return can also help the IRS process third-party $ 1,400 checks that the government forwards.

“Most recipients of social security benefits and recipients of supplementary security income (SSI) should have received them [economic impact payments] so far, “the Social Security Administration said in a statement.

At the same time, line 10 of the 1040 or 1040-SR recovery forms for retirees has been added to this year’s refund so that people can claim the missing funds for the first two recovery checks.

Once the refund has been processed, it will urge the IRS to send these payments, the Social Security Administration said.

When the tax office processes refunds, it also sends new $ 1,400 recovery checks to anyone it hadn’t previously registered, as well as “surcharges” to anyone who hasn’t received the full payment to which they are entitled.

How to get a bigger recovery check with a tax return
Invest in you: ready. Set. Grow.

The credit includes any missing money from the first or second stimulus inspection, the Social Security Administration said. However, the third recovery check will be sent separately.

If you’ve already filed a 2020 tax return, you don’t need to take action, the state agency said.

The IRS has encouraged federal beneficiaries to provide their information to ensure that eligible dependents are counted in payments.

Getting recovery checks for federal beneficiaries has been an ongoing task since the government approved the first payments last year.

In March, the Social Security Administration sent the information to the IRS for a third $ 1,400 resuscitation check on nearly 30 million people.

When this transfer occurred, the IRS made automatic payments to most Social Security beneficiaries in early April, according to Dan Adcock, director of government relations and policy for the National Social Security and Medicare Committee.

Most payments were made electronically by direct deposit. However, because some of the checks were sent by mail, it could cause delays.

“While the National Committee has not received many complaints, there have been some that may point to a delayed problem,” Adcock said in a statement.

Leave a Reply

Your email address will not be published. Required fields are marked *