Economic Impact Payments and Social Security Benefits

April 21, 2020

The development of economic impact payments, also known as stimulus payments, has left many individuals who receive SSI and SSDI benefits with questions and concerns during this already trying time of the COVID-19 pandemic.

Some are unsure as to whether they are eligible to receive an economic impact payment. And if so, will it affect their eligibility for programs they depend on such as Medicaid? In order to provide some clarity on this rather confusing and complicated matter, Autism New Jersey has compiled information provided by the IRS and Social Security Administration to help answer these questions.

SSI

Supplement Security Income (SSI)

Will SSI recipients receive an economic impact payment?

SSI recipients will receive automatic economic impact payments of $1,200 directly from the Treasury Department. Recipients will generally receive the automatic payments just as they would normally receive their SSI benefits.

Please note that anyone who receives SSI and is claimed as a dependent on someone else’s tax return will not be eligible for this payment.

When will SSI recipients receive payment?

Treasury anticipates these automatic payments no later than early May.

Will the payment affect SSI/Medicaid eligibility?

Like other tax credits, these payments do not count as income or resources for means-tested programs for 12 months. So, receiving a rebate will not interfere with someone’s eligibility for SSI, SNAP, Medicaid, ACA premium credits, TANF, housing assistance, or other income-related federal programs.

Please note: an individual will have 12 months to spend down the payment before it is counted as a resource.

Do SSI recipients need to take action to receive payment?

SSI recipients who do not have qualifying children under age 17 do not need to take any action in order to receive their $1,200 economic impact payment. The payments will be automatic.

SSI recipients who have qualifying children under age 17 should not wait for their automatic $1,200 individual payment. They should now:

  • go to the IRS’s webpage
  • visit the Non-Filers: Enter Your Payment Info section
  • provide their information

By taking proactive steps to enter information on the IRS website about themselves and their qualifying children, they will also receive the $500 per dependent child payment in addition to their $1,200 individual payment. If SSI beneficiaries in this group do not provide their information to the IRS soon, they will have to wait.

SSDI

Social Security Disability Insurance (SSDI)

Will SSDI recipients receive an economic impact payment?

SSDI beneficiaries who do not normally file taxes  will qualify for automatic payments of $1,200 from the Treasury Department. Recipients will generally receive the automatic payments just as they would normally receive their Social Security benefits.

Please note that anyone who is claimed as a dependent on someone else’s tax return will not be eligible for this payment.

When will SSDI recipients receive payment?

Treasury anticipates these automatic payments to start arriving at the end of April.

Do SSDI recipients need to take action to receive payment?

SSDI recipients who do not have qualifying children under age 17 do not need to take any action in order to receive their $1,200 economic impact payment. They will automatically receive their $1,200 economic impact payment directly from the IRS as long as they received an SSA-1099 for 2019.

SSDI recipients who did not file a tax return for 2018 or 2019 and who have qualifying children under age 17 should now:

  • go to the IRS’s webpage
  • visit the Non-Filers: Enter Your Payment Info section
  • enter their information

By taking proactive steps to enter information on the IRS website about them and their qualifying children, they will also receive the $500 per dependent child payment in addition to their $1,200 individual payment. If SSDI beneficiaries in this group do not provide their information to the IRS soon, they will have to wait to receive their $500 per qualifying child.

For SSDI beneficiaries who use Direct Express debit cards and have dependent children, additional information will be available soon regarding the steps to take on the IRS website when claiming children under 17.

Dual Eligible

SSDI and SSI (Dual Eligible)

Will SSDI and SSI (dual eligible) beneficiaries receive an economic impact payment?

SSDI and SSI (dual eligible) beneficiaries are eligible to receive an economic impact payment.

Please note that anyone who is claimed as a dependent on someone else’s tax return will not be eligible for this payment

When will SSDI and SSI (dual eligible) recipients receive payment?

Treasury anticipates these automatic payments no later than early May.

Do SSDI and SSI (dual eligible) recipients need to take action to receive payment?

Dual eligible recipients who do not have qualifying children under age 17 do not need to take any action with the IRS. They will automatically receive their $1,200 economic impact payment directly from the IRS as long as they received an SSA-1099 for 2019.

Dual-eligible recipients who did not file a tax return for 2018 or 2019 and who have qualifying children under age 17 should now:

  • go to the IRS’s webpage
  • visit the Non-Filers: Enter Your Payment Info section
  • enter their information

By taking proactive steps to enter information on the IRS website about them and their qualifying children, they will also receive the $500 per dependent child payment in addition to their $1,200 individual payment. If SSDI beneficiaries in this group do not provide their information to the IRS soon, they will have to wait to receive their $500 per qualifying child.

For more information about economic impact payments, please visit: www.irs.gov/coronavirus

For additional information about economic impact payments and Social Security benefits, contact Autism New Jersey’s 800.4.AUTISM Helpline.

Sources

www.ssa.gov/news/press/releases/2020/#4-2020-2

www.ssa.gov/news/press/releases/2020/#4-2020-3

www.irs.gov/coronavirus


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