Information about Economic Impact Payments for SSI and SSDI Recipients- Updated May 19, 2021

To address the ongoing coronavirus pandemic, Congress authorized the payments of economic impact payments:

  • In April 2020 payments of $1,200 were made to adults with an extra $500 to each dependent child under the age of 17.

  • In December 2020 payments of $600 were made to adults with an extra $600 to each dependent child under the age of 17.

  • Starting in March 2021 payments of $1,400 were made to adults with an extra $1,400 for each qualifying dependent.

Many people did not receive the first or second payments in 2020, or received less than the full amount. If this happened to you, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return even if you don't usually file a tax return. For information about claiming your 2020 Recovery Rebate Credit, click here and here.
To get the third payment, no action is needed if:

  • You filed your 2020 tax return, or

  • You filed a 2019 tax return or successfully used the IRS Non-filers tool last year (and you did not have a new spouse or qualifying dependent in 2020)

  • You receive federal benefits and your previously payments were for the correct amounts (and you did not have a new spouse or qualifying dependent in 2020)

The IRS is issuing additional or plus-up payments to people who already received a third economic impact payment based on a 2019 tax return or information provided by another government agency, but who may be eligible for a larger amount based on their 2020 tax return.  For more information about the third economic impact payment, click here and here

Social Security and SSI beneficiaries with a U.S. address, and who do not typically file a tax return, will receive their economic impact payments as follows:

  • Electronic payment – direct deposit and Direct Express Card – should have received their economic impact payment on or about April 7.

  • Paper checks, for beneficiaries who receive their monthly Social Security or SSI payment in the mail, were mailed beginning April 9.

There is no fee required to receive economic impact payments, so beware of any scams.

The SSI program has eligibility requirements that are based on a person’s income or resources. The economic impact payments act as a tax rebate, and under federal law, tax rebates do not count as income or a resource for 12 months. See 26 U.S.C. § 6409.

Additionally, any new beneficiaries since January 1, 2020, of either Social Security or SSI benefits, who did not file a tax return for 2018 or 2019, will also need to go to the IRS’s Non-Filers Tool to enter their information. Be aware of the October 15, 2020 deadline to use the Non-Filers Tool.

There is no fee required to receive economic impact payments, so beware of any scams.

The SSI program has eligibility requirements that are based on a person’s income or resources. The economic impact payments act as a tax rebate, and under federal law, tax rebates do not count as income or a resource for 12 months. See 26 U.S.C. § 6409.

 

 

This information is current as of May 19, 2021. Because events are occurring rapidly, check back soon for more updates or contact your local LawNY office.