The Internal Revenue Service issued a special alert for several groups of federal benefit recipients to act by noon (ET) Wednesday, April 22, if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment (EIP). Those individuals must visit the IRS non-filer tool on IRS.gov by the deadline.
Their $1,200 payments will be issued soon and, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for tax year 2020.
Following extensive work by the IRS and other government agencies, $1,200 automatic payments will be starting soon for those receiving Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn’t file a tax return in the last two years.
No action is needed by these groups; they will automatically receive their $1,200 payment.
For those benefit recipients with children who aren’t required to file a tax return, an extra step is needed to quickly add $500 per eligible child onto their automatic payment of $1,200.