The CARES Act will pay a one-time direct payment to most individuals whose income is under a certain income threshold.
Most eligible U.S. taxpayers will automatically receive their stimulus payment including:
- Individuals who filed a federal income tax for 2018 or 2019
- Individuals who receive Social Security retirement, disability (SSDI), or survivor benefits
- Individuals who receive Railroad Retirement benefits
However, certain individuals will need to provide their personal information to the IRS to ensure they receive their payment. These individuals would be the so-called “non-filers”-those that had gross income under $12,200 ($24,400 for married couples) for 2019 or those that were not otherwise required to file a federal income tax return for 2019 and did not plan to do so. This would include most individuals who receive Supplemental Security Income (SSI).
The IRS has created an online portal so that these individuals can share their personal information with the IRS without needing to file a tax return. The online portal can be found by clicking here.
For more information about the CARE Act Economic Impact Payment, click here.
For more information on how stimulus payments will affect recipients of Medicaid, SSI, and other public benefits recipients, click here.
Jeff is Certified as an Elder Law Attorney (CELA) by the National Elder Law Foundation, a distinction held by only a handful of lawyers in Indiana. For almost 20 years, he has focused on elder law, estate planning, long-term care planning, Medicaid planning, Veterans Affairs benefits planning, special needs planning, guardianships, and estate administration.