The IRS announced it will reopen the registration period for federal beneficiaries who didn’t receive $500 per child Economic Impact Payments earlier this year.
The IRS urges certain federal benefit recipients to use the Non-Filers tool Aug. 15 through Sept. 30 to enter information on qualifying children to receive the supplemental $500 payments.
Those eligible to provide this information include people with qualifying children who receive Social Security retirement, survivor or disability benefits, Supplemental Security Income (SSI), Railroad Retirement benefits and Veterans Affairs Compensation and Pension (C&P) benefits and did not file a tax return in 2018 or 2019. For those who have already used the Non-Filers tool to provide information on children, no further action is needed. The IRS will automatically make a payment.
Though most Americans have already received their Economic Impact Payments, the IRS reminds people with little or no income and who are not required to file tax returns that they remain eligible to receive an Economic Impact Payment.
People in this group should also use the Non-Filers’ tool – but they need to act by October 15 to receive their payment this year. Anyone who misses the October 15 deadline will need to wait until next year and claim it as a credit on their 2020 federal income tax return.
The IRS anticipates the catch-up payments, equal to $500 per eligible child, will be issued by mid-October. Learn more on the IRS website or contact us with any questions.
