IRS Resources for Economic Impact Payments & VA Partnership

Important Updates

1. The Internal Revenue Service, working in partnership with the Treasury Department and the Department of Veterans Affairs, announced that recipients of VA benefits will automatically receive automatic Economic Impact Payments. No action is needed by most taxpayers. For benefit recipients with dependents, an extra step is needed to claim $500 for children. For those who receive these benefits - including VA, Social Security retirement or disability benefits (SSDI), Railroad Retirement benefits, or SSI - and have a qualifying child, they can quickly register by visiting "Non-Filers: Enter Payment Info" available only on IRS.gov. For those who can use this tool as soon as possible, they may be able to get earlier delivery of the child payments by having these added to their automatic payments.

By quickly taking steps to enter information on the IRS website about them and their qualifying children, they can receive the $500 per dependent child payment in addition to their $1,200 individual payment. If beneficiaries in these groups do not provide their information to the IRS soon, they will receive their $500 per qualifying child at a later date, depending on when they complete the registration process.

The Treasury Department, not the VA, will make these automatic payments. Recipients will generally receive automatic payments the way they receive their current benefits.

2. The Internal Revenue Service, working in partnership with the Treasury Department and the Social Security Administration, announced that recipients of Supplemental Security Income (SSI) will automatically receive automatic Economic Impact Payments. SSI recipients will receive a $1,200 Economic Impact Payment with no further action needed on their part. The IRS projects the payments for this group will go out no later than early May. For benefit recipients with dependents, an extra step is needed to claim $500 for children. The law provides eligible taxpayers with qualifying children under age 17 to receive an extra $500. For taxpayers who filed tax returns in 2018 or 2019, the child payments will be automatic. For those who receive Social Security retirement or disability benefits (SSDI), Railroad Retirement benefits or SSI and have a qualifying child, they can quickly register by visiting the special tool available only on IRS.gov and provide their information in the Non-Filers section. By quickly taking steps to enter information on the IRS website about them and their qualifying children, they can receive the $500 per dependent child payment in addition to their $1,200 individual payment. If beneficiaries in these groups do not provide their information to the IRS soon, they will have to wait until later to receive their $500 per qualifying child. 

For more information view the IRS.GOV news article.