U.S. Social Security recipients to automatically get coronavirus money
WASHINGTON U. S. Social Security people will not have to file a tax return to receive a payment from your federal government to help you offset typically the economic effect of the coronavirus pandemic, the U. S. Treasury Department said about Wednesday.
“Social Security recipients who are not typically required to file a tax return need to take no action, and will receive their payment directly to their bank account, ” Treasury Secretary Steven Mnuchin said within a statement.
The Treasury story reverses advice the Internal Revenue Service granted on Monday that said elderly people would have to report a “simple” tax return to receive the money.
The payments, up to $1, 200 for individuals, are part of a roughly $2. 3 trillion economic relief package signed into law by President Donald Trump last week.