The coronavirus has turned life in Raleigh upside down, just as it has across the nation and around the world. Not long ago, the federal government decided that a stimulus program would help to offset the economic devastation of the virus on the U.S. economy. The stimulus includes $1,200 checks to Americans who earn $75,000 or less, which will include almost all Social Security Disability (SSD) recipients.
The U.S. Treasury Department recently said SSD beneficiaries who don’t normally file tax returns won’t need to do anything to get their stimulus checks – but that there are a few notable exceptions.
While most SSD beneficiaries will get their stimulus funds deposited exactly as their SSD benefits are deposited, it’s important to know if you’re among those exceptions, and if you are, it’s crucial that you take action to ensure you get the maximum stimulus amount for which you’re eligible.
Perhaps the most important group of exceptions are those SSD beneficiaries who haven’t recently filed federal income tax returns and who have dependent children under the age of 17. If you didn’t file a tax return in 2018 or 2019, the IRS doesn’t know that you have dependents.
Here’s why it’s important: You will receive an additional $500 in your stimulus check for each dependent under age 17.
The IRS has launched an online tool for you to use to report the dependents and then get the extra $500.
Another group of SSD beneficiaries among the exceptions: those who began receiving disability benefits after Jan. 1 of this year and who did not file income tax returns last year or in 2018. Note: people in this group must use the IRS tool whether or not they have dependents under 17.
Please stay safe. And please let us know if we can help you appeal a Social Security Disability denial. Contact us to schedule a consultation by phone or video conference.