IRS News VA, SSI recipients with eligible children need to act by May 5 to quickly add money to EIP episode artwork

EPISODE · Apr 27, 2020 · 14 MIN

IRS News VA, SSI recipients with eligible children need to act by May 5 to quickly add money to EIP

from Tax & Current Accounting Topics

https://accountinginstruction.thinkif... https://www.irs.gov/newsroom/va-ssi-r...  Special alert for VA, SSI recipients who don’t file a tax return and have dependents IR-2020-81, April 24, 2020  WASHINGTON — The Internal Revenue Service today issued a special alert for Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by May 5 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 will be paid in association with a return filing for tax year 2020.

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IRS News VA, SSI recipients with eligible children need to act by May 5 to quickly add money to EIP

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