IRS Reopens Portal to Allow Parents to Obtain Additional Stimulus Payments
The Internal Revenue Service (IRS) is temporarily re-opening an online tool to allow families that do not typically file tax...
Read moreThe special economic stimulus payments authorized by Congress in February will not affect the benefits of persons receiving Supplemental Security Income (SSI) or other federal benefits.
The Social Security Administration (SSA) has issued instructions explaining that the stimulus payments, amounting to as much as $600 for individuals and scheduled to be sent to tax filers over the next several months, do not count as income in determining SSI eligibility and will not count as a resource for two months following the month in which they are received. EM'“08029 (Feb. 28, 2008).
Local Special Needs Planners in Your City
A person whose sole source of income is SSI is not eligible to receive a stimulus payment, but many SSI recipients who have at least $3,000 in other annual income, such as Social Security benefits, are eligible to receive the payments. However, an income tax return must be filed in order to receive a stimulus payment.
For more information on the stimulus payments and what income tax forms to file, go to www.irs.gov or call 1-800-829-1040.
For the IRS's Stimulus Payment Schedules and Online Payment Calculator, go to: www.irs.gov/newsroom/article/0,,id=180247,00.html
The Internal Revenue Service (IRS) is temporarily re-opening an online tool to allow families that do not typically file tax...
Read moreUniform Transfer to Minors Act accounts are an easy, efficient way for family members to set aside money for children. But th...
Read moreSupplemental Security Income (SSI) recipients must adhere to very strict rules regarding how much income they can receive in...
Read morePandemic-related financial assistance will no longer affect an individual?s eligibility for Supplemental Security Income (SSI...
Read more