Tax Breaks

Stimulus Check Alert: Social Security Recipients with Children Must Act Now to Get Extra $500

The IRS announced a new deadline for people receiving Social Security benefits who have dependents. Immediate action is required!

Americans who receive Social Security or Railroad Retirement Board (RRB) benefits will automatically get a $1,200 electronic stimulus payment even if they didn't file a 2018 or 2019 tax return (assuming they are otherwise eligible for a check). However, if non-filing Social Security or RRB recipients have (or care for) children 16 years old or younger, they have to use the IRS's "Non-Filers: Enter Your Payment Info Here" tool to get an extra $500 per child added to their $1,200 payment. (Go to irs.gov/coronavirus/non-filers-enter-payment-info-here to access the tool.)

If that's you, the IRS needs to know about each dependent before your payment is issued. As a result, you must use the online tool by noon Eastern time, Wednesday, April 22, in order to have the additional $500 per child included in your stimulus check payment.

If the IRS doesn't have the dependent information in time, your stimulus payment will be for the standard $1,200 amount. However, you will be able to claim the additional $500 per child amount when you file your 2020 tax return next year.

People who receive Supplemental Security Income (SSI) or Veterans Administration (VA) benefits have some additional time beyond April 22 to add their children, since their $1,200 automatic payments will be made at a later date. SSI recipients will receive their automatic payments in early May, while the payment schedule for VA beneficiaries has not yet been determined. Nevertheless, if they have children and aren't required to file a tax return, both groups should use the Non-Filer tool as soon as possible. Once their $1,200 payment has been issued, they will no longer be able to use the online tool to add children. Their stimulus payment will be $1,200, and they'll have to wait until next year to claim the extra $500 per child payment.

(Use our Stimulus Check Calculator to see how much you will get. For stimulus check FAQs, see Your 2020 Stimulus Check: How Much? When? And Other Questions Answered.)

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
7 Best Commodity Stocks to Play the Coming Boom
commodities

7 Best Commodity Stocks to Play the Coming Boom

These seven commodity stocks are poised to take advantage of a unique confluence of events. Just mind the volatility.
September 8, 2021
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
September 2, 2021

Recommended

Taxes on Unemployment Benefits: A State-by-State Guide
state tax

Taxes on Unemployment Benefits: A State-by-State Guide

Don't be surprised by an unexpected state tax bill on your unemployment benefits. Know where unemployment compensation is taxable and where it isn't.
September 21, 2021
10 Ways You Could Avoid the 10% Early Retirement Penalty
retirement

10 Ways You Could Avoid the 10% Early Retirement Penalty

You’ve saved diligently in your 401(k), and you wouldn’t mind tapping into it – but you’re not age 59½ yet, so you could have to pay the IRS a 10% pen…
September 21, 2021
Child Tax Credit Payment Schedule for the Rest of 2021
Tax Breaks

Child Tax Credit Payment Schedule for the Rest of 2021

The IRS has already sent three batches of monthly child tax credit payments. Here's when you can expect the rest of your payments.
September 16, 2021
What Is the Social Security COLA?
retirement

What Is the Social Security COLA?

This year especially, cost-of-living adjustments are late to the party, as consumers are feeling the effect of price spikes now.
September 16, 2021