Coronavirus Update for
Social Security Beneficiaries
As our nation confronts
the enormous public health challenge and economic crisis resulting
from the coronavirus outbreak, I’m pleased to share that under the
CARES Act, that will soon become law, Social
Security beneficiaries are eligible to receive a $1,200 per person
($2,400 per couple) rebate. The rebates are subject to a $75,000
income threshold ($150,000 for joint filers) with a limited phase out
above the thresholds.
Seniors on Social Security and Americans receiving Social Security
Disability Income are both eligible. Folks on Social
Security are treated the same as everyone
else.
Depending on
whether you filed a tax return or not, Social Security recipients
will receive payment either from the Department of Treasury or the Social
Security Administration. However, if you did not file a tax
return for 2019 or 2018, the best way to ensure you quickly receive a
recovery rebate is to file a 2019 tax return. This could be accomplished
for free online from home using the IRS Free file program (https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free).
You should see this extra money in your wallets in the
coming few weeks!
To
learn more about what else is included in the Coronavirus Economic Rescue
Package, click HERE.
For more updates follow me on Facebook! You can also
visit my website daines.senate.gov and
call any of my offices below for more information during the
virus.
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Best Wishes,
Steve Daines
United States Senate
