While many Americans have already received their coronavirus relief stimulus checks, CBS News reports social security recipients should start receiving their payments today. Citizens who get low-income aged, blind or disabled Social Security benefits will have their checks mailed out on Thursday or Friday. The outlet notes that there are around 8 million Americans who receive Supplemental Security Income.
Recently, the Social Security department published detailed information packet that helps recipients understand how the CARES Act stimulus checks impacts them. "The Internal Revenue Service (IRS), not the Social Security Administration (SSA), will send all payments electronically or paper checks by mail," the form explains. "We documented for you different scenarios to help explain what actions, if any, you may need to take to receive your economic impact payment and any payment for a qualifying child. However, only the IRS can answer questions you may have about your personal or family situation. Please do not call SSA with your payment questions."
Regarding questions about when Social Security recipients may receive their payments, the SSA explains that the IRS will began issuing electronic economic impact payments on or around April 15 to individuals who have received a tax refund electronically, and to the same account as the tax refund. However, for those that did not get an electronic refund or no refund, the IRS will send those payments by mail. They will also be issued on a staggered basis. Additionally, individuals might be able to use the IRS’ Get My Payment tool when they provide or update bank information as a way to receive an electronic payment more quickly.
Social Security recipients who have eligible children will also receive the $500 child credit. "You will only receive $500 for a qualified child listed on your tax return. For a child not listed on your tax return, you must wait to file a tax year 2020 tax return to receive the $500 payment."
There has been talk of a second stimulus bill, which would likely offer most payments to citizens to help with the financial stress of the coronavirus pandemic. However, some lawmakers are reportedly not yet keen on the idea. President Donald Trump has said that he would like to see Payroll Tax Cuts included in a second bill, if there is one. "I told Steve [Mnuchin, Treasury Secretary] just today, we’re not doing anything unless we get a payroll tax cut," Trump said during a Fox News town hall on May 3. "That is so important to the success of our country."