If you’re still waiting on your $1,200 stimulus check, here are key dates for the next set of payments

If you’re still waiting on your $1,200 stimulus check, here are key dates for the next set of payments

Social Security recipients may start seeing payments by April 29. SSI and Veterans Affairs benefit recipients who don’t file a tax return and have dependent children need to act by May 5 to claim the $500-per-child stimulus payment.

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If you’re still waiting on your stimulus money, here is an estimate of when more payments will be delivered.

— Social Security, survivor and disability non-filers will see economic impact payments in their bank accounts by April 29, according to a Treasury spokeswoman.

— SSI non-filers should begin seeing payments in early May.

— Veterans benefit recipients should also begin receiving their stimulus payments by early May, a Treasury spokeswoman said.

— In an update posted Sunday, the IRS said that if you have successfully entered your bank information “any day until noon on Tuesday, your payment date will be available beginning the following Saturday.” If you miss the Tuesday deadline, you have to wait another week to get a payment date. Or, if your payment has already been processed, you’ll get a check that could take up to 14 days to receive.

— If you receive SSI or Veterans Affairs benefits and didn’t file a tax return for 2018 or 2019, you have until May 5 to use the non-filer tool on the IRS website to receive the $500 payment per dependent child under 17. If you miss the deadline to register dependent children, you will still get your $1,200 payment, but you will have to wait until next year to get the additional $500 when you file a 2020 tax return.

The May 5 deadline is only applicable to SSI and VA beneficiaries who need to let the IRS know they have dependents eligible for the $500. No action is necessary if you don’t need to register a dependent. Your stimulus payment will be automatically sent just as you would normally receive your benefits by direct deposit, Direct Express debit card or check.

Social Security and Railroad Retirement beneficiaries who don’t file tax returns were given until noon April 22 to claim an extra $500 payment for dependents under 17 — or risk waiting until next year for the funds. The IRS sent the notice about the deadline just two and a half days before people had to act. Unless the deadline is extended, those who missed the cutoff will get their stimulus payments of $1,200 but will now have to wait until next year to collect the extra $500 per child when they file their 2020 tax return.

Source: wp


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