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Thursday, April 2, 2020

Social Security Recipients Don't Need To File Tax Returns To Get Coronavirus Payments



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. 
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