As we weather this crisis I hope you all are able to stay home and stay safe. I know we are all worried about our loved ones being safe because of their health status. Mardra addressed some of the medical issues and gave us suggestions on where to get more information.  

I’d like to address another question that our community is asking. “Are adults who receive SSI eligible for the economic impact payments?” CNBC addressed the issue:

“A big question among individuals who are living on Social Security or other government benefits is whether they will be eligible for a relief check.

The answer is yes, regardless of whether they are on Social Security, Supplemental Security Income, or SSI, or veterans benefits.

… relief checks will be based on information in their 1099 form.

But not everyone receives those forms, particularly those who are on Supplemental Security Income, or SSI, because that is not taxable income.

“A possibility is for the [approximately] 4 million individuals affected by this quirk to file zero-liability tax returns,” said Webster Phillips, senior policy analyst at the National Committee to Preserve Social Security and Medicare.

“But no one knows for now how this will be handled,” Phillips said.”

Lorie Konish, CNBC

The IRS website lists similar information, and lets us know where to look for more information, when it becomes available.

I am not typically required to file a tax return. Can I still receive my payment?

Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.

How can I file the tax return needed to receive my economic impact payment?

IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.

 

I hope this information helps. We’ll keep watching and will share any new information we find.

Stay safe friends.

-Stephanie

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