The Stimulus Package for Social Security Recipients Has Changed as of April 1st, 2020
The impact of the coronavirus has everyone navigating in uncharted territory.
The US government is no exception as they try to figure out what works and what doesn’t in getting American families their much needed stimulus checks.
A few hours ago the Treasury Department announced a change to how Social Security recipients will receive their stimulus checks.
This is for those people who receive Social Security and who don’t typically file a tax return.
Treasury has announced that this population will NOT have to file a tax return and will automatically receive a $1,200 payment.
This is a change from previous IRS information that stated Social Security recipients were going to have to wait and file a tax return before receiving the stimulus check.
The IRS is now saying, Social Security recipients will AUTOMATICALLY receive a payment of $1,200 directly to their bank accounts since the government already has their banking information on file.
Treasury Secretary Mnuchin has said “Social security recipients who are not typically required to file a tax return need take no action, and will receive their payment directly to their bank account.”
Hurray for small miracles!