Tax Breaks

Veterans Receiving VA Benefits Will Automatically Receive Stimulus Checks

No action is needed by most VA benefit recipients in order to receive an economic impact payment from the IRS.

The IRS announced that veterans and their beneficiaries who receive compensation and pension benefit payments from the Department of Veterans Affairs (VA) will receive a $1,200 stimulus payment with no further action needed on their part. (Although the timing of the payments is still undetermined.)

Up until now, it was thought that VA benefit recipients who didn't file a tax return for 2018 or 2019 would have to use the IRS's "Non-Filers: Enter Your Payment Info Here" tool to provide information necessary to process their stimulus check payment. However, the IRS will now be able to get most of the information it needs from the VA.

For VA benefit recipients with children 16 years old or younger, an extra step is needed to add $500 per child onto their automatic payment of $1,200 if they didn't file a 2018 or 2019 tax return. These veterans should use the online tool for non-filers as soon as possible to let the IRS know about their children. Veterans who do not provide their information to the IRS soon will receive their $500 per child at a later date, depending on when they complete the registration process.

VA benefit recipients will generally receive the automatic payments in the same manner that they receive their current benefits. In other words, if VA benefits are directly deposited into your bank account, then the stimulus payment will be electronically paid, too. If you receive your benefits by paper check, then you'll also receive a stimulus check.

Many non-tax filing VA beneficiaries have already used the "Non-Filers: Enter Payment Info Here" tool to provide basic personal information to receive their payments. According to the IRS, there will be no interruption to payments being processed. Veterans are also encouraged to continue providing information and tracking their payments through the "Get My Payment" tool. (For information about this tool, see Track Your Stimulus Check with the IRS's "Get My Payment" Tool.)

Most Popular

Are You Still Chasing the Almighty Dollar, Even Though You Have Plenty to Retire?
retirement

Are You Still Chasing the Almighty Dollar, Even Though You Have Plenty to Retire?

In our experience, many have saved enough money to retire comfortably. Yet too many worry about their money running out and want more. Maybe it’s tim…
May 6, 2021
Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
May 4, 2021
20 Dividend Stocks to Fund 20 Years of Retirement
dividend stocks

20 Dividend Stocks to Fund 20 Years of Retirement

Each of these high-quality dividend stocks yields roughly 4%, and you can expect them to grow their payouts even more. That's a powerful 1-2 combo for…
May 7, 2021

Recommended

14 Social Security Tasks You Can Do Online
retirement

14 Social Security Tasks You Can Do Online

Why visit a government office to get your Social Security business done? You can do much of that online.
April 2, 2021
9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)
tax filing

9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)

Although you might not be required to file a tax return, it might be wise to file one anyway. Here are a few reasons why.
May 7, 2021
What's Your Strategy for Maximizing Your Social Security Benefits?
social security

What's Your Strategy for Maximizing Your Social Security Benefits?

Deciding when to start taking your Social Security benefits can have significant financial consequences. Here are some of the factors you should think…
May 6, 2021
9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)
tax deadline

9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)

Between due dates for extension requests, IRA or HSA contributions, and other deadlines, there's more to do by May 17 than just filing your federal in…
May 4, 2021