Negotiations on a new relief package continue to be on hold, but Congress could look to restart talks while working out the federal budget for 2021 over the next few weeks to meet a Dec 11 deadline.
If you do participate in the SSI or SSDI programs and didn't get the first stimulus payment this year, however, the deadline to claim your payment in 2020 has expired. The IRS set a Nov. 21 deadline to file a claim for yourself or your child dependents and receive a payment this year. Below, we'll walk you through details that concern SSI and SSDI recipients and what to do to claim your missing payment in 2021.
To date, no stimulus package has been agreed upon and talks have been struggling. President-elect Joe Biden has a stimulus plan that would include a second check, but Inauguration Day is just under two months away.
The odds of the IRS distributing another economic impact check before the end of 2020 are narrowing, but once an agreement is reached, those who qualify for Supplemental Security Income or Social Security Disability Insurance will likely be eligible for a second stimulus check.
Until Congress completes a bill, we won't know exactly who will qualify for a second stimulus payment. But based on the proposed bills we've seen so far, we expect qualifications to largely remain the same as they were in the March CARES Act. That means if you're part of the SSI or SSDI program you would qualify for a check, as you did in the first round, so long as you have a Social Security number and you are not claimed as a dependent on someone else's tax return. Your household income must also not exceed the threshold (which is $75,000 single, $112,500 head of household and $150,000 married).
If you receive federal benefits including SSI and SSDI as your only form of income, you weren't required to file a federal income tax return in 2018 or 2019. Under the CARES Act, you were still eligible to receive a stimulus check, and should have received one automatically (no need to file a simple tax return, as the IRS had originally said).
Most SSI and SSDI recipients didn't receive their first payments via their Direct Express card, though this is usually what the government uses to distribute federal benefits. Instead, the payment arrived through a non-Direct Express bank account or as a paper check if you didn't have your bank account information on file with the IRS. It's likely that if a second check is approved it would arrive the same way the first one did, but possibly faster, as the IRS already has the payment system set up.
If you're receive SSI or SSDI but still haven't gotten a stimulus check from the first round, the IRS may still need more information about your eligibility. To get your money this year, the IRS set a Nov. 21 deadline to provide your information to the IRS using its Non-Filers tool.
The IRS said if you missed the deadline you can request a payment next year: "For individuals who did not receive an Economic Impact Payment or the full amount that they believe they are entitled to, they will be able to claim the additional amount when they file a 2020 tax return in 2021. This will be called the Recovery Rebate Credit."
The IRS said it would provide more details on what action to take as we get closer to the filing deadline in 2021.
Under the CARES Act, qualified people with dependents age 16 or younger were eligible for up to $500 per dependent. But not everyone with eligible dependents actually received that extra money. The last day to claim your missing payment and receive it this year was Nov. 21. The IRS said if you missed the deadline you can claim the missing payment when you file taxes in 2021.
If your payment didn't come already and you registered with the Non-Filers tool by Nov. 21, the IRS says you'll receive the payment by the end of 2020. If you missed the Nov. 21 cutoff, the IRS said you can receive your payment in 2021 when you file your federal tax returns.
To track the status of your payment, use the IRS Get My Payment tool.
If you used the Non-Filers tool from May 5 through Aug. 15, the IRS should have automatically issued the catch-up payment for your dependents in October. If you received your original stimulus money by direct deposit, you should have gotten the catch-up payment the same way. Others should have received it in the mail.
If you file for your missing dependent money by Nov. 21, the payment should arrive by the end of 2020, in the same way that you received your first payment (likely direct deposit or by mail). If you miss the deadline, your check will be included on your 2020 tax return in 2021.
To check the status of your or your dependent's payment, use the IRS Get My Payment tool to track it. You should also get a notice in the mail letting you know that an additional $500 per qualifying child has been issued.
If you are a Social Security beneficiary with a foreign address whose monthly benefit is deposited into a foreign bank account, you'll receive your stimulus payment as a check in the mail (the IRS doesn't deposit money into foreign banks). The IRS planned to start sending those checks at the end of July. If you live abroad but receive your monthly benefits through a US bank, you should have received your payment by direct deposit to that account by the end of July as well.