We’re living through an unprecedented time right now. People across the globe are quarantining in their homes and doing their best to avoid spreading this potentially deadly virus. While this is the safest and healthiest thing to do, it also means that millions of Americans are finding themselves out of work, whether permanently or temporarily.
You may have heard that the U.S. government is responding by providing stimulus checks for people who qualify. We have heard from a few people who are wondering what this means for individuals collecting Social Security Disability benefits. Below are answers to some of the most commonly asked questions about ssd and stimulus checks.
If I receive a SSDI check, will I receive the stimulus money?
The answer is probably. Individuals who receive Social Security Disability are eligible for the stimulus check. However, if someone claims you as a dependent, neither you nor the person who claims you on their taxes will receive the money.
What if I didn’t file taxes last year?
Generally speaking, you need to have filed taxes in order to receive the refund. However, if you receive a form 1099-SSA or RRB equivalent, you do not need to have filed taxes.
If you don’t receive this form, you can file your 2019 taxes now and still receive the stimulus check.
When will I receive my check?
There is no clear or definitive answer to this question yet. It depends on a few different things. If the SSA has direct deposit information for your bank on hand from previous tax years, you will likely receive your deposit mid-April.
People who have not provided the SSA with direct deposit information may have to wait until as late as September to receive checks. This all depends on how quickly the government is able to move and print checks.
How Much Will the Check be for?
Most adults will receive $1,200. This includes people who collect Social Security Disability benefits. There is no minimum income requirement, so even if you did not make money last year, you will still receive the full amount.
Is the Money Taxable?
This stimulus check is not taxable, meaning you will not need to claim it next year if you file income tax. It will also not reflect as income or disrupt your Social Security Disability benefits. You’ll receive your benefit check for the same amount as usual and will not see a decrease next year as a result.
Will I have to pay the money back to the government when this is over?
No. Much like the benefits that you receive now, this is not a loan. The money is intended to help Americans get back on their feet since nearly everyone is affected by the sweeping challenges that COVID-19 has presented.
Contact Disability Associates with More Questions
We understand that this situation has presented challenges for millions of people. If you have questions about anything related to your benefits and coronavirus, please don’t hesitate to reach out to us. We’re still working around the clock to provide our valued clients with the services they need.
Give us a call at 410.686.2227 or contact us on the website today.