Is There Any Stimulus For Senior Citizens
There are certain protections for seniors even if it does not include a fourth stimulus check for them. The law makes it simpler for the government to negotiate medication pricing while also extending Medicare to cover hearing services. Although the measure wasnt approved in 2021, theres still hope for it in 2022.
What About Ssdi Ssi And Va Beneficiaries
Recipients of Social Security Disability Insurance who do not typically file tax returns will automatically receive $1,200 stimulus payments based on their SSA-1099 benefit statements. The tax forms go out to Social Security recipients and SSDI beneficiaries every January.
Supplemental Security Income recipients typically do not receive 1099 tax forms and typically are not required to file tax returns. On April 15, the IRS announced that SSI recipients will receive automatic $1,200 stimulus payments based on information already on file with the federal government. AARP had urged the IRS to make automatic stimulus payments to SSI beneficiaries without the burden of additional paperwork such as a tax return. Stimulus payments will be made in the same manner SSI beneficiaries receive their benefits normally: by direct deposit, paper check or Direct Express debit card.
Social Security beneficiaries who first began receiving benefits in 2020 should also use the non-filers tool to claim stimulus payments, since the IRS would not have an SSA-1099 tax form on file yet. New beneficiaries in 2020 who didnt file tax returns for 2018 or 2019 wont get automatic $1,200 stimulus payments. Enter your personal and bank account information in the non-filers tool to register for a payment.
Social Security Safeguards Our Most Vulnerable Citizens
Disability benefits offer a financial lifeline when people are struck by a serious medical condition that affects their ability to perform substantial gainful activity in the workforce on a sustained basis. Benefits are for medical conditions that are expected to last at least one year or to result in death. The Social Security and Supplemental Security Income disability programs are the largest of several federal programs that provide assistance to people with disabilities. Our friends, family members, and neighbors, including wounded warriors and the chronically ill, rely on these vital programs:
- Social Security Disability Insurance pays benefits to you and certain members of your family if you are “insured,” meaning that you worked long enough and paid Social Security taxes.
- Supplemental Security Income pays benefits based on financial need.
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New Website For Tax Preparers
Social Security has a new online resource for tax preparers at www.socialsecurity.gov/thirdparty/atp.html. Your clients can access this resource to get information on income taxes and their Social Security benefits, learn how to get an instant replacement SSA-1099 or SSA-1024S online, as well as getting an IRS Form W-4V. Small business owners can also learn about reporting wages online using our Business Services Online, which is a suite of services available to business owners.
In our effort to put our customers in control of their financial future, Social Security continues to improve our online tools and resources, securing today and tomorrow.
Fourth A $1400 Stimulus Check Is To Be Issued
Although various lobbyists have called for the option of issuing a fourth stimulus check, as of July, there is no guarantee that this will happen.
In fact, at this point, we are further away from this fourth check being issued than we were at the beginning of the year when it still seemed a fairly realistic probability. However, there are no indications to suggest that this is the case.
On the other hand, corresponding cost-of-living adjustments will likely continue to accrue throughout the year. It should recall that the cost-of-living adjustment in 2022 increased by 5.9%, one of the highest in the countrys recent history.
Thus, the Social Security Administration has issued estimates that envision the possibility of an increase of even 8% next year, thus meeting the challenge of high inflation. However, we will not know this until 2023.
Therefore, it is complex that will issue a fourth stimulus check. On the other hand, if the third check has not yet been cashed, you should start the claiming process.
Remember, first of all you should contact the relevant administration. They will likely require documents such as your 2020 tax return .
Lets think that, in the case of older people, the mortality rate caused by the pandemic was very high: someone who died in 2020 was not entitled to the stimulus stub for the year 2021.
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Can Creditors Take My Stimulus Check Or Rebate
Your stimulus money is not subject to garnishment by the government, even for back taxes or student loan defaults. And unlike the first stimulus check, if you owe past-due child support payments, your second and third stimulus checks cannot be reduced to pay the past-due amount, and nor can your stimulus money can be levied or garnished by private debt collectors.
What about your own bank? If your bank account is overdrawn because of overdrafts or outstanding fees, your bank might take part or all of your stimulus check to bring your account even. Many large banks, however, stated that they will bring customers’ bank balances to zero, temporarily, so that customers can access their stimulus checks. This includes Bank of America, Wells Fargo, Citigroup, and JPMorgan Chase. Other large national and regional banks may follow suit, though smaller banks and credit unions may not.
Why Irs Is After 82
The IRS has finally delivered about $31 billion worth of COVID stimulus checks to federal benefit recipients who waited weeks for the money.
People relying on Social Security and other federal programs received most of the more than 25 million payments in the fourth round of checks that went out this week, tax officials said.
While some beneficiaries who filed income tax returns for the last two years got their money faster, the IRS took longer to distribute cash to those who didnt file returns because they had to get payment data from the Social Security Administration first, officials have said.
The latest batch of $1,400 checks included more than 19 million payments to Social Security beneficiaries who didnt file tax returns for either of the last two years or submit their banking info to the IRS last year, the agency said Wednesday.
Over 3 million checks went to Supplemental Security Income income recipients, while nearly 85,000 were delivered to Railroad Retirement Board beneficiaries, officials said.
Close to 24 million of the newest payments were delivered by direct deposit and officially landed in recipients bank accounts on Wednesday, while the rest were mailed as paper checks, according to the IRS.
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New Rule Modernizes How We Award Disability Benefits
Your clients deserve a timely and accurate decision regarding their disability claim. To help us do that, we must modernize the rules and standards we use to evaluate how we determine disability benefits.
We updated a rule that has been in the works for a number of years and updates an outdated policy that made the inability to communicate in English a factor in awarding disability benefits. Learn more about why we are making this much-needed change on our blog at .
Social Security Hosts Facebook Live Event
As part of National Social Security Month, Social Security hosted a Facebook Live event highlighting the five steps people can take to secure their financial future. The Facebook Live event was viewed by over 12,200 individuals, generated almost 224,000 impressions on Facebook alone, and there were over 420 comments.
It doesnt have to be April for you to learn the five steps to secure your financial future. These steps include:
You and your clients can learn more about these five valuable steps at www.socialsecurity.gov/agency/5-steps-toward-your-financial-security.
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Compassionate Allowances: Five Conditions Added To Fast Track
Processing disability claims quickly and accurately is important to us. It is through this commitment to you that we use the Compassionate Allowances program to help us identify and fast-track cases where people have medical conditions and diseases that are most likely to meet Social Securitys standards for disability benefits.
In August, we added five conditions to this essential list:
- Desmoplastic Small Round Cell Tumors,
- GM1 Gangliosidosis – Infantile and Juvenile Forms,
- Nicolaides-Baraister Syndrome,
- Anne K. Callagy, Director of Government Benefits, The Legal Aid Society
- Randy Feliciano, MPA, Senior Program Manager, National Council on Aging
- Cara Liebowitz, Development Coordinator, National Council on Independent Living
- Kelly Bagby, Vice President of Foundation Litigation, AARP
- Yvonne Perret, M.A., M.S.W., LCSW-C, Executive Director, Advocacy and Training Center
- Tammy Seltzer, Esq., Director, DC Jail & Prison Advocacy Project, Disability Rights DC
- The Advocate Experience: Best practices and lessons learned for connecting seniors, people with disabilities, and other vulnerable populations to benefits and other critical services during the pandemic.
- The Governmental Agency Experience: Adapting policies and procedures to continue to serve the public during the pandemic.
You and your clients can learn more about Social Securitys National Disability Forum at www.ssa.gov/ndf.
Social Security Update 2021
Every year, we provide new information about Social Security taxes, benefits, earnings limits, and Medicare costs. By law, many of the numbers change automatically each year to keep up with changes in prices and wage levels. This information is important for people who:
- Work and want information on taxes and work credits.
- Receive Social Security benefits and want to know the earnings limits.
- Receive Supplemental Security Income and want information on payment maximums.
Please share with your clients the updated 2021 Social Security information. They can find it in our shareable publication: www.ssa.gov/pubs/EN-05-10003.pdf.
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Social Security And Protecting Elders From Scams
World Elder Abuse Awareness Day was June 15. We recognize how important it is to protect older people from scammers. In times like the current pandemic when people are particularly vulnerable, scammers will pretend to be Social Security or other government employees to gain peoples trust to steal their money and personal information. They may even pose as COVID-19 contact tracers working to stop the spread of the virus and ask for payment or your Social Security number. Please remind your clients that the most effective way to defeat scammers is by knowing how to identify scams and by hanging up or ignoring the calls and emails.
If your clients get a Social Security scam phone call, they should hang up and report it to our law enforcement office at oig.ssa.gov.
If your clients ever owe money to Social Security, we will mail them a letter explaining their payment options and their appeal rights. If you or your clients get a call about a Social Security problem, be very cautious. If your clients do not have ongoing business with the agency, or if the caller mentions suspending their Social Security number or makes other threats, the call is likely a scam. Tell your clients to ignore it, hang up, and report it to us at oig.ssa.gov.
Your Clients Can Get A W
If you know a client who receives Social Security benefits, remember that they have the option of having federal income tax withheld from their benefits at the rate of 7, 10, 12, or 22 percent. Encourage them to sign and submit IRS Form W-4V directly to their local Social Security office.
This same form is used to stop withholding federal income tax from their benefits. Taxes will be paid directly to the Internal Revenue Service and will be shown on their form SSA-1099 the following tax season.
Your clients can find useful tax information, including the IRS Form W-4V, on our tax preparation page at www.socialsecurity.gov/thirdparty/atp.html.
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Haven’t Received Your Social Security Payment For December Yet Here’s When It Will Arrive
Your Social Security check is coming this month. Here’s when it’s supposed to arrive.
The Social Security Administration started disbursing the second of three December payments this week. If you’re waiting on a check that has yet to arrive, we’ll explain how the timing of Social Security payments work below.
This month, you should also keep an eye out for a letter in the mail about your Social Security cost-of-living benefit increase for 2023. The letter will have details about your individual benefit rate increase for next year — or you can check your benefits online using your My Social Security account. In , you’ll get your first increased benefit amount.
I Am An Ssi Or Ssdi Recipient But I Live In Group Home Nursing Home Or Other Institution Am I Eligible To Receive The Economic Impact Payment Or Does The Payment Go Directly To The Institution To Pay For My Care
You are eligible to receive the payment to use as you wish. The payment is not meant to be used by the group home or nursing home for your care. If the group home or nursing home takes or tries to take your payment, or if you do not receive your payment by May 31, 2020, please contact our office at 1-877-776-1541 or info@ drckansas.org.
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Most Read In The Us Sun
And taxpayers who put in their filing after August 20, should anticipate waiting 45 days for their return to be processed.
According to the FTB, the Golden State Stimulus II payment will be sent to qualifying individuals and families.
Read our stimulus check live blog for the latest news and updates
You may receive this payment if you make $75,000 or less and file your 2020 tax return, the FTB explains.
Gov Newsom praised the stimulus package in a statement: The Golden State Stimulus is key to lifting up those hit hardest by the pandemic and supporting Californias economic recovery, putting money directly in the hands of folks who will spend it on basic needs and within their local communities.
The first round of Golden State Stimulus offered a $600 payment to taxpayers with a Social Security Number who qualified for CalEITC and $600 payment to qualified ITIN filers making $75,000 or less.
It also offered a $1,200 payment to qualified ITIN filers who also qualified for CalEITC, a Gov Newsom press release explains.
As for the second round of relief money, $600 will be sent to eligible taxpayers with a Social Security Number making $75,000 or less who did not receive a first payment.
Golden Stimulus II will also send out $1,000 payments to qualified ITIN filers making $75,000 or less and have one or more dependents.
There is also additional money available for qualified families with dependents.
What If The Irs Didnt Send Me The Full Amount For The First Or Second Stimulus Payment
According to the IRS, people who receive Social Security retirement, SSDI, SSI and Railroad Retirement benefits, as well as Veterans Affairs beneficiaries, were automatically eligible for the first two stimulus payments. If you receive these federal benefits as your only form of income, you werent required to file a federal income tax return in 2018 or 2019. Under the CARES Act, you should have received a stimulus check automatically.
If that money didnt arrive, its possible you might have had a payment garnished for child support or funds diverted to pay a specific kind of creditor, but the rules changed with the second check. However, an IRS error could also be a potential culprit or the IRS may have needed more information about your eligibility.
To receive your money now, you need to claim the additional amount as part of tax season 2020, using the Recovery Rebate Credit. Even if you dont usually file taxes, youll have to file to get the funds. The deadline for filing your 2020 taxes was extended to May 17, 2021.
In some cases if you received a letter from the IRS confirming that your payment was sent, but you never actually got the money, for instance you may need to contact the IRS to request a payment trace.
The IRS says you can create and then check an IRS account to see more information about your eligibility around the first two stimulus payments.
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Will The Process Of Calculating Colas Change
The viability of a near-term senior-specific stimulus check may be dubious. However, one change that could come down the pike is a shift in the way COLAs are calculated.
For years, senior advocates have called upon lawmakers to use the Consumer Price Index for the Elderly as the basis for calculating COLAs. The logic is that this index more accurately represents the costs seniors face.
Swapping the CPI-W for the CPI-E could result in higher COLAs down the line, which could, in turn, give seniors more buying power. And while that doesnât have the same ring as a fourth stimulus check, it could be a lifeline nonetheless.
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New Rules For Survivors Benefits For Same
Do you have a client who was in a long-term same-sex relationship with a partner who passed away? If so, they may be entitled to Social Security survivors benefits based on their partners record. More surviving same-sex partners may now qualify for Social Security survivors benefits.
Same-sex partners may qualify for survivors benefits if they meet any of the following:
- They would have been married at the time of their partners death if state laws hadnt prevented them from marrying.
- They would have been married longer if not for state laws that prevented them from marrying earlier.
If your client thinks that they may be entitled to benefits, encourage them to contact us right away. Please have them call 1-800-772-1213 or contact their local Social Security office at secure.ssa.gov/ICON/main.jsp.
After they apply, they can check the status of their application with their personal mySocial Security account. If they dont have a personal mySocial Security account, they can create one today in just a few minutes.
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