After ato about 30 million Social Security and other government program recipients, the IRS said it has a date for when they’ll at last receive their $1,400 stimulus payments.
The IRS and the U.S. Treasury Department has said that stimulus payments from the $1.9 trillion coronavirus relief bill for those who receive federal benefits but do not file a tax return will begin to be issued this weekend.
The agencies said they project the majority of the payments would be sent electronically and received on Wednesday, April 7.
This includes people who receive Social Security, Supplemental Security Income (SSI)and Railroad Retirement Benefits. It does not include those who receive veteran benefits.
“After receiving data from the Social Security Administration on Thursday, March 25, the IRS began the multi-step process to review, validate, and test tens of millions of records to ensure eligibility and proper calculation of Economic Impact Payments,” the IRS said. “If no additional issues arise, the IRS currently expects to complete that work and to begin processing these payment files at the end of this week.”
It said the majority of the payments will be made electronically through direct deposits and payments to existing Direct Express cards.
The IRS said it continues to review data received for Veterans Affairs (VA) benefit recipients and expects to determine a payment date and provide more details “soon.”
“Currently, the IRS estimates that Economic Impact Payments for VA beneficiaries who do not regularly file tax returns could be disbursed by mid-April. VA beneficiary payment information will be available in the Get My Payment tool at a future date,” it said.
The agency said its Get My Payment tool is updated once payments are processed, but for these federal beneficiaries, the tool won’t be updated until the weekend of April 3 and 4 with the new payment information.