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Another Stimulus? Maybe, Maybe Not. Things Social Security Beneficiaries Need to Know.
The “Heroes Act”–the follow-up to the CARES Act signed in March–has been passed by the House but is under debate in the Senate at this point. The outcome is uncertain, but the rumor mill is heating up with respect to the possibility of another round of economic impact payments to Americans. So, while nobody really knows if another round of payments is in the offing, there are a few potential items those currently on Social Security should keep in mind. First, Social Security beneficiaries likely would be included. Second, it’s possible the Heroes Act would enhance the payments related to dependents, something that wouldn’t mean that much to retirees. And third, the IRS now has some real-life experience distributing payments, so the process should be smoother and easier for most. The Motley Fool’s Christy Bieber takes a look at these issues in a post today on their website. Check it out here…