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July 6, 2021

Social Security & SSI Beneficiaries – File Tax Returns ASAP To Receive Stimulus Checks

James Cha, CPA, CTRS Tax Relief

Do you receive Social Security or Supplemental Security Income benefits? Then it’s important to make sure that you and your family are getting the stimulus money that you’re eligible for by filing your 2020 taxes immediately even if you do not normally file. Once you file your taxes, you will get all EIPs that you are eligible for through what is known as a Recovery Rebate Credit. Once the return is processed, the IRS will be prompted to send out these checks. The IRS has also encouraged federal beneficiaries to submit their information so that all eligible dependents are counted in these EIP payments. If you had a child in 2020, you are eligible to receive a payment for this child. If your spouse or dependents have not received their stimulus checks they are eligible as well.

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Disclaimer: Ace Plus Tax Resolution, as part of our services to our valued clients, is providing these videos for informational purposes only. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic, and the information could change at any time without any notice. Our information and advice are not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

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