IRS to Announce Third Stimulus Check Mailing to Social Security Beneficiaries Very Soon | The opinion

Most recipients of federal programs such as those of the Social Security Administration they will not have to take action to receive the third stimulus check of $ 1,400 from the Internal Revenue Service (IRS).

Although the IRS has not yet specified the date of sending the payments to this group, the agency said on Friday that it would be informing soon of when the stimulus payments to beneficiaries of Social Security and other federal government assistance programs will be processed. .

Since these payments are automatic for most eligible individuals, contacting financial institutions or the IRS about the payment time is not going to expedite the arrival of the same, “said the IRS in a press release.

You may aslo like  Local program gives hope for change

“The IRS will automatically send EIP3 (Third Economic Impact Payment) to people who did not file a return, but who receive Social Security retirement, survivor or disability benefits (SSDI), railroad retirement benefits, supplemental income insurance ( SSI) or Veterans Affairs benefits ”, added the entity.

Many of the SS recipients could receive the third stimulus payment on the Direct Express card to which their benefits arrive on a monthly basis.

According to a company fact sheet on its websiteOnly cardholders who already have cards are eligible to receive funds in this way.

This means that if you sign up now for the card, the stimulus payment will not reach the Direct Express card, so the money could take longer to arrive, either by paper check or prepaid debit card or “ EIP Card ”different from that of the benefits.

You may aslo like  Latino families: waiting for more financial aid due to the coronavirus | The opinion

More than 90 million stimulus payments were processed this week. Most were through direct deposits this Wednesday, March 17, date selected by the IRS for the release of the first electronic transfers in coordination with Nacha and the banks.

For the next few days and weeks, the IRS will continue the payment distribution process with the goal of completing the majority of shipments this month.

It may interest you:


Source link

Leave a Comment

Your email address will not be published.

Scroll to Top