On Tuesday, the Treasury said it will start making to people who receive federal benefits. That’s good news for — and anyone else and spent two and a half anxious weeks waiting for news on the . Below, we’ll tell you what you need to know about the new payments about to go out.
The IRS has already made more than 127 million payments up to, sending the money to and as paper checks and . But until this week, up to 30 million people who receive federal benefits were waiting on agencies to send updated files with the IRS and get the next round of payments processed. (How to .)
If you receive benefits from the VA, here’s what you need to know about your payment, includingand if you need to in order to . Here are other ways the new including if or .
If you receive VA benefits, do you qualify for a stimulus check?
Yes. The IRS said those who received veteran benefits in 2020 automatically qualify for a payment and won’t need to take any additional steps to receive their payment. The IRS said it is working with the Veterans Affairs Department to make the payments. However, if they that the IRS doesn’t know about, for example a .
How much stimulus money could you get?
With the older adult relatives, college-age children and dependents with certain disabilities — could count for an additional $1,400 apiece (more below)., those for the can receive up to . — including
How will I receive my $1,400 stimulus check?
If you did not file the IRS said. The VA said If you have set up with the IRS, you may have already received your payment as early as March 12, 2021. If the IRS does not have direct deposit information on file for you, it will use information from other government agencies to make your payment.and you receive VA benefits on a Direct Express card, your third stimulus payment will be deposited to that card,
If you’re a veteran and don’t have a bank account, the VA has a program to help you set up a banking account to receive your VA benefits. With stimulus payments going out over the next week to VA beneficiaries, it may be too late to direct the check to a new banking account, however.
Who is a qualified dependent?
With the third check, file a 2020 tax form (for free) to for the third stimulus check. That includes .to count toward $1,400 going to the family total. Dependents do not receive their own stimulus checks (here’s who the IRS considers an .) With the first two rounds of payments, those who received federal benefits had to take an extra step to receive money for dependents, and you may also need to
Does the stimulus payment lower your VA benefits?
No. The VA said it won’t count any money received as part of as income for determining benefits. For example, if your family of four receives $5,600 in a stimulus check, that amount has no bearing on your usual benefits.
What about the child tax credit?
One source of money you could see in the newis an expansion of . For a child age five years and younger, parents and caregivers can receive up to $3,600 per child this year. For each kid between the ages of six and 17, parents and caregivers can receive up to $3,000. Here’s what we , including more and .
What about federal unemployment?
The new stimulus bill also renews federal unemployment benefits. The $300 weekly checks will run till Sept. 6. Here’s.
Can I still get the first or second stimulus checks?
Yes, according to the VA. You’ll need to file a tax return this year and on the tax form for any missing money you were owed from and . if you need more details. Here are the .
Here’s more on what we know about thefor those , how to and how to .