We will add helpful Q&As to this page soon, like we did for each of the first two rounds of EIPs. The SSA stated on March 12: "The IRS is reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. The Social Security Administration has yet to release updated advice on third stimulus payments. On March 4, the federal body said it is working with the aforementioned federal benefits agencies "to get updated information for 2021 to assist with stimulus payments at a date to be determined." What Social Security Administration says "If your third payment does not include a payment for your qualified dependent who did not receive a third payment, you must file a 2020 tax return to be considered for an additional third payment even if you don't normally file," the IRS advised on March 4. However, some of those expecting to receive an automatic third stimulus payment based on their federal benefits information may need to file a 2020 tax return even if they don't usually file taxes. The IRS will "automatically send" third stimulus payments to those who didn't file a tax return but are recipients of SSI, SSDI, Railroad Retirement and Veterans Affairs benefits. The IRS said in early March that most residents who received SSI and SSDI benefits in 2020 "should not need to take any action" to get their third stimulus payment. How do I claim my third stimulus payment? IRS Sends Out 90M Stimulus Checks in 1 Week-3 Times Faster Than CARES Act.14 Common Tax Mistakes That Can Cost You Real Money.Democratic Proposal Would Block Debt Collectors From Taking Stimulus Checks.Third stimulus funds sent to Direct Express card accounts that were recently closed "will be returned and the IRS will reissue the payment," the website notes. See the company website for more information on how to sign up for Direct Express card account. Only current Direct Express card holders can receive the third round of stimulus payments, the Direct Express website advises. You must either have the money deposited directly to a bank or credit union account or get your money each month on a Direct Express prepaid debit card." Bureau of the Fiscal Service explains: "Federal benefit payments, such as Social Security, Supplemental Security Income (SSI) and Veterans, are required to receive your payment electronically. A payment date for this group will be announced shortly," the IRS advised on March 12.įederal benefits are usually distributed to SSI and SSDI recipients via their Direct Express card account. "Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits. Those who receive federal aid through Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) can expect to receive their third stimulus payment in "the same way as their regular benefits." However, a payment date has yet to be announced by the IRS.
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