IRS News SSA, RRB recipients with eligible children need to act by Wednesday episode artwork

EPISODE · Apr 22, 2020 · 12 MIN

IRS News SSA, RRB recipients with eligible children need to act by Wednesday

from Tax & Current Accounting Topics

SSA, RRB recipients with eligible children need to act by Wednesday  https://www.irs.gov/newsroom/ssa-rrb-... https://accountinginstruction.info/ Special alert for benefit recipients who don't file a tax return and have dependents IR-2020-76, April 20, 2020  WASHINGTON — The Internal Revenue Service today issued a special alert for several groups of federal benefit recipients to act by this Wednesday, April 22, if they didn't file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment.  Their $1,200 payments will be issued soon and, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued. Otherwise, their payment at this time will be $1,200 and, by law, the additional $500 per eligible child amount would be paid in association with a return filing for tax year 2020.

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IRS News SSA, RRB recipients with eligible children need to act by Wednesday

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