10 Things Social Security Recipients Need to Know About Their Second Stimulus Check - Kiplinger & AMAC
Rocky Mengle of Kiplinger admits there are a few special rules that only apply to Social Security recipients, thus making it a bit more difficult for those folks to learn the ins and outs of second-round stimulus checks. This highly informative article lists ten important details those on Social Security would want to know about the second round of $600 payments. They are:
- The IRS is Working with the Social Security Administration
- You Can Track the Status of Your Stimulus Check
- There are Various Ways to Receive Your Second Stimulus Check
- You Might Not Get All Your Money Right Now if You Have Dependent Children
- You Won’t Receive a Second Stimulus Check If You’re Listed as a Dependent on Someone’s Tax Return
- Stimulus Checks Won’t Increase the Tax on Social Security Benefits
- Stimulus Checks Won’t Affect Eligibility for Government Benefits
- Second Stimulus Payments Will Be Sent to Representative Payees
- You Could Receive a Second Stimulus Check for a Deceased Spouse
- You Might Be Able to Invest Your Stimulus Check in an IRA
Perhaps most important is the “Get May Payment” portal that can be found at irs.gov/coronavirus/get-my-payment. The IRS urges patience using this link, as it is new and likely to be overwhelmed. Full article from Kiplinger is here.
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