Will the third payment eligibility requirements affect you?
A third stimulus check is on the way. If you’re 65 or older, here’s what to know about qualifications, income, SSI and retirement, and what to do if you’re missing stimulus money from the first two checks.
Congress is rushing to approve the $1.9 trillion stimulus bill in the next few weeks, meaning you could look for a third stimulus check for up to $1,400 per person as soon as the end of this month. And that also means, if you’re 65 or older and retired, receive Social Security benefits, or are a veteran, the likelihood of qualifying for the new payment is looking good for you.
The amount of potential earnings from the third stimulus check partly depends on how many dependents you’re claiming this year, if any. It also depends on if the check does in fact arrive during tax season and what the finalized targeted stimulus check looks like.
when you file your federal taxes this year, your adjusted gross income, pension and Social Security benefits, and if someone counts you as an adult dependent on their taxes. Plus, if you’re still missing money from the first or second checks, you’ll need to claim it as a Recovery Rebate Credit on your 2020 taxes, even if you don’t usually file them.
Am I eligible for stimulus money if I’m an SSI or SSDI recipient?
If you’re over age 65 and a recipient of Supplemental Security Income or Social Security Disability Insurance, you were eligible for a first and second stimulus check, and should be eligible for a third. Find out everything you need to know about how SSI and SSDI impact stimulus checks here.