If you receive Leesburg Social Security disability benefits, will you also receive a stimulus check? Here’s how to know.
Ensuring that you are awarded and receive your Leesburg Social Security disability benefits can be challenging enough without having to mitigate and adjust to the many twists and turns happening this year.
With that being said, the local and federal governments are doing what they can to assist everyone to the best of their ability. To help provide financial relief and stimulate the economy, individuals were awarded stimulus checks.
One of the many questions around this initiative is whether or not individuals collecting Leesburg Social Security disability benefits would also be eligible to receive a stimulus check under the CARES Act.
Treasury.gov has published this statement regarding Economic Impact Payments:
“The CARES Act provides fast and direct economic assistance for American workers and families, small businesses, and preserves jobs for American industries.
The CARES Act provides for Economic Impact Payments to American households of up to $1,200 per adult for individuals whose income was less than $99,000 ( or $198,000 for joint filers) and $500 per child under 17 years old – or up to $3,400 for a family of four.
Additionally, the IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 Economic Impact Payments to Social Security recipients who did not file tax returns in 2018 or 2019. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits.
Treasury is launching a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
Be sure to check this space as well as irs.gov/coronavirus for continuous updates.”
Monica Crowley, Assistant Secretary to the Treasury for Public Affairs, also notes that Social Security recipients’ $1,200.00 payment will automatically be deposited in your bank account or a check sent by mail–whichever way you typically receive your payments.