Social Security Recipients Will Automatically Receive Economic Impact Payments

  • Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment.
  • Payments will be automatically deposited into their bank accounts.
  • The IRS will use the information on the Form SSA-1099 and Form RRB-1099 to generate $1,200 payment.

WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts.

Social Security recipients not typically required to file a tax return will not need to take any action to receive Economic Impact Payments

“Social Security recipients who are not typically required to file a tax return need to take no action, and will receive their payment directly to their bank account,” said Secretary Steven T. Mnuchin.

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.

For additional information see IR 2020-61, Economic impact payments: What you need to know (Updated April 1, 2020).

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Filomena Mealy

Filomena is a Relationship Manager for the Tax Outreach, Partnership and Education Branch of the Internal Revenue Service's.  Her responsibilities include developing outreach partnerships with non-tax companies, organizations and associations, such as the banking industry to educate and communicate changes in tax law, policy and procedures. She has provided content and served as a contributor to various associations and online media sources.
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