Some good news for retirees!
AOL posted:
Social Security beneficiaries won’t have to file tax returns in order to receive the coronavirus relief payments, the Trump administration announced Wednesday in a quick reversal of an earlier position.
“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 news release.
Millions of people receiving Social Security retirement and disability benefits aren’t required to file federal returns because their incomes are so low they don’t owe any taxes.To read more, go here.
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