Americans are preparing for the second round of stimulus check to follow the first deposits of $1,200 made back in April.
There were many stipulations as to who would and would not qualify, leaving many in need of financial assistance as millions of U.S. citizens were put out of work due to the COVID-19 pandemic.
Now, many are hoping for their second chance or continued support as they await the second wave.
Among those worried about qualifications are recipients of disability benefits from the Social Security Administration (SSA).
There are several important criteria to meet before you can receive your stimulus check while collecting Social Security.
What to Expect Concerning the Upcoming Stimulus Check
The Heroes Act, passed on May 15 by the Democrat-led House of Representatives, may be another chance at receiving financial assistance for the roughly 40 million Americans out of work due to the COVID-19 pandemic response.
The legislation is a proposal for further financial assistance to those in need during this time, and it has not yet been signed into law.
It awaits a vote in the Senate.
Some of the individuals who have been hit hardest by the financial instability are those suffering from disabilities.
Those who received financial support from the SSA were already in a position of depending – partially or fully – on government assistance, limited by their ability to work only part-time hours.
With businesses closing or restricting hours even further, these financial restrictions became even greater.
If you receive assistance from the SSA due to your disability, you may be wondering whether you will qualify for the upcoming wave of stimulus checks or not.
In short, the answer is yes. Your ability to qualify, however, will be dependent on the submission of a tax return.
Reports have revealed that those who receive disability benefits and retirees are eligible for a special payment as long as they submit a simple tax return document.
This document will be made publicly accessible on the Internal Revenue Service (IRS) website. Generally, those eligible for the stimulus check meet the standards below:
- Individuals who have an adjusted gross income of $75,000
- Married couples with an adjusted gross income of $150,000
Those who filed 2018 or 2019 tax returns will receive an automatic deposit of $1,200 for individuals and $2,400 for married couples. Families with children will receive $500 per child.
Receiving the Stimulus Check as a Recipient of SSA Disability Benefits
Information on the qualification standards for disability recipients is highly volatile.
While the IRS insists that these simple tax returns will be required for a stimulus check, this information has been contradicted by other government officials.
The U.S. Treasury Secretary, Steve Mnuchin, for example, claimed that SSA recipients (those who do not usually file tax returns) would not be required to submit this simple return in order to receive a stimulus check.
For your financial stability in these unprecedented times, check regularly for updates regarding stipulations, exceptions, and standard criteria for qualification.
When all information on the matter has been made clear, visit the IRS website to access the simple tax return to ensure you get the assistance you need.
Instructions on how to fill out the form will be displayed on the site as well to ensure there is as little confusion as possible in getting the public the help they need.