Is Social Security Getting a Stimulus Check?
The COVID-19 pandemic has caused unprecedented challenges for individuals and families across the United States. To alleviate the financial strain on those affected, the government has implemented various stimulus measures, including stimulus checks. However, many Social Security recipients have been left wondering whether they will receive a stimulus check as well. This article aims to provide an overview of the situation and address the question: Is Social Security getting a stimulus check?
Understanding the Stimulus Checks
Stimulus checks, officially known as Economic Impact Payments, were first introduced in 2020 as part of the CARES Act. These checks were designed to provide financial relief to eligible individuals and families to help them cope with the economic impact of the pandemic. The amount of each check varied based on the recipient’s filing status, age, and number of qualifying children.
Eligibility for Social Security Recipients
Social Security recipients are generally eligible for stimulus checks, provided they meet certain criteria. These criteria include being a U.S. citizen or resident alien, having a valid Social Security number, and having a bank account where the IRS can deposit the funds. However, there are some exceptions and limitations that may affect Social Security recipients.
Exceptions and Limitations
One of the main limitations for Social Security recipients is their income level. Individuals with adjusted gross income (AGI) above a certain threshold may not receive the full stimulus check amount or may not receive it at all. For married couples filing jointly, the threshold is $150,000, while for single filers, it is $112,500. However, Social Security recipients who have their benefits directly deposited into a bank account are automatically considered to have a qualifying bank account, making them eligible for the stimulus check.
Receiving the Stimulus Check
Social Security recipients who are eligible for a stimulus check will receive it in the same manner as their regular Social Security benefits. This means that if they receive their benefits through direct deposit, the stimulus check will also be deposited into their bank account. If they receive their benefits through a check, the IRS will mail them a stimulus check.
What to Do If You Haven’t Received Your Stimulus Check
If you are a Social Security recipient and have not yet received your stimulus check, there are a few steps you can take:
1. Check your bank account or mail for any indication of the stimulus check.
2. Use the IRS’s Get My Payment tool to check the status of your stimulus check.
3. Contact the IRS at 800-919-9835 if you believe there has been an error or if you have any questions.
Conclusion
In conclusion, Social Security recipients are generally eligible for stimulus checks, provided they meet the necessary criteria. While there are some exceptions and limitations, most Social Security recipients will receive their stimulus check in the same manner as their regular benefits. If you have not yet received your stimulus check, be sure to check your bank account, use the IRS’s Get My Payment tool, or contact the IRS for assistance.
