The Department of the Treasury announced Wednesday, April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an announced economic impact payment, said Social Security Commissioner Andrew Saul.
The IRS will use the information on the Form SSA-1099 to generate $1,200 economic impact payments to Social Security beneficiaries who did not file tax returns in 2018 or 2019. The COVID-19 Economic Impact Payments for Beneficiaries will be made by the Treasury, not Social Security, which will make the automatic payments to Social Security beneficiaries.
Beneficiaries will receive these payments by direct deposit or by paper check, just as they would normally receive their Social Security benefits.
For updates from the IRS, visit irs.gov/coronavirus.
Treasury officials will address outstanding questions about the SSI recipients in an attempt to issue economic impact payments as quick and efficient as possible. The IRS will provide additional information at irs.gov/coronavirus when available. The benefit will not be considered as income for SSI recipients, and the payments are excluded from resources for 12 months.