Seniors on social security will NOT need to file a tax return to receive a $1,200 relief package check after Democrats and Republicans teamed up to place pressure on the IRS
The Treasury Department reversed guidance from the IRS after coming under pressure from Democrats and Republicans
The IRS said Monday that those receiving social security benefits who don’t normally file a tax return may have to as part of the stimulus package
It suggested seniors and other social security beneficiaries would not receive their $1,200 relief check without filing a return
Treasury Secretary Steve Mnuchin announced this was not the case Wednesday
The IRS said that some people who do not normally file a tax return may still need to do so
They added that they will update information on these cases soon
By FRANCES MULRANEY
DAILYMAIL.COM
1 April 2020
U.S. Social Security recipients will not have to file a tax return to receive their $1,200 check as part of the $2.3 trillion economic relief package, the Department of the Treasury announced Wednesday.
It marks a reversal on guidance issued by the Internal Revenue Service Monday which said that seniors and others on social security would have to file a ‘simple’ tax return before they would receive the money.
‘Social Security recipients who are not typically required to file a tax return need to take no action, and will receive their payment directly to their bank account,’ Treasury Secretary Steven Mnuchin said in a u-turn statement Wednesday.
The payments, up to $1,200 for individuals, are part of a roughly $2.3 trillion economic relief package signed into law by President Donald Trump last Friday.
The money from the federal government is hoped to help offset the economic impact of the coronavirus pandemic.
Details in the package had laid out that Social Security recipients who are normally not required to file a tax return, such as seniors, would not have to file a tax return in order to receive the money.
It stated that the IRS would look at Social Security benefit statements in order to give people their rebate checks if they haven’t filed 2018 or 2019 tax returns.
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