Those who receive Social Security benefits and usually do not need to file taxes do not need to file a return in order to receive aid for the corona virus crisis.
Social Security beneficiaries who do not normally require filing taxes with the Internal Revenue Service (IRS) will receive the $ 1,200 of financial aid approved by Congress without having to file a return, as the government previously requested this week.
The change was announced on Wednesday night by the Treasury Department after the call to modify that requirement that placed an unnecessary burden on people amid the corona virus pandemic that has sickened more than 215,000 people in the United States and caused an economic disaster that recalls the times of the Great Depression.
Furthermore, the request that these beneficiaries file a "simple" tax return was inconsistent with a part of the law passed last week in Congress that already allowed the 'check' to be sent to senior citizens. and disabled using the information on your Social Security statement of benefits.
"Social Security beneficiaries who typically do not require filing a tax return do not need to take any action, and will receive payment directly to their bank accounts," Treasury Secretary Steven Mnuchin said in a statement.
Specifically, the Treasury Department will now use forms SSA-1099 and RRB-1099 to obtain the data to send aid to Social Security beneficiaries, which according to information from the Center on Budget and Policy Priorities amount to about 15 million persons.
That center recalled that in the 2008 financial crisis, some 3.5 million Social Security beneficiaries were left without aid because the law required them to file a tax return. On this occasion, Congress attempted to amend this situation by clearly specifying in the law that the information on Social Security should be used in the case of those who usually do not require reporting taxes.
Social Security beneficiaries who do not normally require filing taxes with the Internal Revenue Service (IRS) will receive the $ 1,200 of financial aid approved by Congress without having to file a return, as the government previously requested this week.
The change was announced on Wednesday night by the Treasury Department after the call to modify that requirement that placed an unnecessary burden on people amid the corona virus pandemic that has sickened more than 215,000 people in the United States and caused an economic disaster that recalls the times of the Great Depression.
Furthermore, the request that these beneficiaries file a "simple" tax return was inconsistent with a part of the law passed last week in Congress that already allowed the 'check' to be sent to senior citizens. and disabled using the information on your Social Security statement of benefits.
"Social Security beneficiaries who typically do not require filing a tax return do not need to take any action, and will receive payment directly to their bank accounts," Treasury Secretary Steven Mnuchin said in a statement.
Specifically, the Treasury Department will now use forms SSA-1099 and RRB-1099 to obtain the data to send aid to Social Security beneficiaries, which according to information from the Center on Budget and Policy Priorities amount to about 15 million persons.
That center recalled that in the 2008 financial crisis, some 3.5 million Social Security beneficiaries were left without aid because the law required them to file a tax return. On this occasion, Congress attempted to amend this situation by clearly specifying in the law that the information on Social Security should be used in the case of those who usually do not require reporting taxes.