Department of Veterans Affairs and Supplemental Security Income beneficiaries with eligible children need to act by May 5 to quickly add money to their automatic Economic Impact Payment.
Supplemental Security Income and Department of Veterans Affairs beneficiaries with eligible children who did not file tax returns in 2018 or 2019 must register with the Internal Revenue Service by May 5 to receive $500 per eligible child in their Economic Impact Payment.
Those non-filers will have their $1,200 payments issued soon and, but in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law, the additional $500 per eligible child amount will be paid in association with a return filing for tax year 2020.
The $1,200 automatic payments will be starting soon for those receiving Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and VA Compensation and Pension (C&P) beneficiaries who didn’t file a tax return in the last two years. These groups will automatically receive their $1,200 payment.
For VA and SSI recipients who have a qualifying child and didn’t file a 2018 or 2019 tax return, they have until May 5 to register to have $500 per eligible child added automatically to their $1,200 Economic Impact Payment. For more information and to register, use the IRS special Non-Filers tool.
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