The money is part of a $2.2 trillioncoronavirus relief billthat was signed into law on March 27.
Not sure how to get started?
Heres a step-by-step guide to filing a simple tax return.
But to get the $500, the only way to do it is to file.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
2.
But you could miss out on the additional $1,200 for your spouse.
Allec recommends that the spouse who doesnt receive benefits file a return.
You want to make it as easy as possible for the IRS to know these things, he said.
Did you know?
you could Get Paid Up to $140/Month Just for Sharing Your Honest Opinion
3.
You Dont Get Direct Deposit
The vast majority of Social Security recipients get direct deposit.
We dont know how the exchange of information between the IRS and Social Security will work.
Theres really no harm in doing so, Allec said.
The only thing it costs you is a few minutes of your time.
Do I Have to File a Tax Return if Im on SSI or Veterans Disability?
But this could change, especially since many lawmakers are urging the Trump Administration to waive this requirement.
Well update this post if anything changes.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
