Many social insurers and other federal beneficiaries can expect to receive $ 1,400 in stimulus checks this weekend
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Social Security and other federal beneficiaries, who typically don’t file tax returns, can expect their $ 1,400 stimulus payments to be issued this weekend, the IRS and Treasury Department said Tuesday.
The majority of payments will be sent electronically and will be received on April 7th, government officials said.
The news comes after the Social Security Agency sent payment information to the IRS last week for an estimated 30 million people. The IRS is currently in the process of validating these records and verifying that payments have been made for the correct amount and to recipients who are eligible for the money.
The update applies to those on social security, supplementary income, or railroad pension benefits who have not filed a 2019 or 2020 tax return and who have not used the IRS’s non-filer tool in the past year.
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Once this process is complete, the IRS expects the payments to be processed by the end of the week, according to the agency.
Most of these payments will be sent electronically and will be received on April 7th either by direct deposit or by payments on Direct Express cards.
The IRS is still reviewing data for Veterans Affairs beneficiaries. A payment date for receiving these stimulus checks will be announced shortly, the agency announced. VA beneficiaries, who typically don’t file tax returns, could cash out their stimulus checks by mid-April, according to estimates by the IRS.
Many federal recipients who filed tax returns for 2019 or 2020 have received their payments of $ 1,400, according to the agencies. This also applies to those who submitted their information to the IRS’s non-filer tool in the past year.
Most federal beneficiaries receive their stimulus checks automatically and do not need to take any action. They typically receive their $ 1,400 checks as well as their benefit payments.
However, the IRS urges federal beneficiaries who have dependents who are also eligible for economic stimulus funds to file a 2020 tax return so that these additional payments can be counted.
The agency also urges people who don’t receive federal benefits and typically don’t file tax returns to file a 2020 return in order to receive their stimulus payment. This includes people who are homeless or who live in rural areas.
Filing a 2020 tax return will also allow people to claim a refund credit if they missed previous $ 1,200 or $ 600 stimulus checks.
The IRS offers free sign up options for those earning $ 72,000 or less. In addition, free electronic forms are available for those with incomes over $ 72,000.
Individuals can visit the IRS Get My Payment website to check the status of their stimulus review.