When the stimulus check details were announced, I noticed a sharp uptick in questions about Social Security retirement, Social Security Disability (SSDI) and Supplemental Security Income (SSI) benefits. Mainly, folks wondered, “What’s the difference?” Here’s a quick breakdown. What are Social Security retirement benefits? Wages and self-employment income are subject to Social Security and Medicare…
Taxpayer asks: If I am on SSDI but I owe child support, will I still receive a stimulus check? Taxgirl says: Typically, certain Social Security benefits, including SSDI or SSI, are exempt from garnishment from most creditors. There are a few exceptions, and one of them is – you guessed it – the federal government. …
Folks who receive Supplemental Security Income (SSI) and Veterans Affairs (VA) disability compensation and pension benefits are entitled to a stimulus check. If you receive SSI and VA benefits but do not file a tax return, you can get your $1,200 payment without taking an extra step. If, however, you receive SSI or VA benefits…
(Update: On April 17, 2020, the IRS confirmed that vets would also receive their checks automatically.) The Internal Revenue Service (IRS) has confirmed that recipients of Supplemental Security Income (SSI) will automatically receive automatic Economic Impact Payments (that’s the official name, although most taxpayers refer to them as stimulus checks). The move required coordination among the Social…