For those receiving VA benefits, the third stimulus test may be just a few days away.
Sarah Tew / CNET
For those who receive federal benefits as part of the SSI and SSDI Social Security Programs, the IRS plans to start send a third group of stimulus payments this weekend. Not everyone who receives federal benefits should look for checks this weekendhowever. If you have a Disability or pension beneficiary for veterans, you may have to wait a few more weeks to get you third check of up to $ 1400. The IRS said it is reviewing information for recipients of veteran affairs and expects to set a payment date for veterans who should not normally file taxes.
The IRS has already made millions of payments up to $ 1,400 each (calculate stimulus total), send the money to bank accounts by direct deposit and in the mail as paper checks and EIP cards. But until this week, 30 million people receiving federal benefits have been waiting for agencies to send updated files to the IRS and have the next round of payments processed. (How to follow your stimulus test with the IRS.) Note that all payments may not be made at the same time.
If you are receiving benefits from the VA, this is what you need to know about your stimulus money, including if you qualify, when will the money come, when to apply for your payment, and if necessary file a tax return in order to demand money for your dependents. Here are other ways in which the new can happen economic stimulus bill can help you, including as you have children or receive unemployment benefits. This story has been updated with new information.
If I receive VA benefits, do I qualify for a stimulus test?
Yes. The IRS said that those who received veteran benefits in 2020 are automatically eligible for a payment and no longer need to take steps to receive their payment. The IRS said it was working with the Department of Veterans Affairs to make the payments. But, non-filters are said to be required to file a 2020 tax return if they dependents have of which the IRS does not know, for example a new baby born in 2020 or 2021.
When do I get my payment?
The IRS said it estimates that checks for VA beneficiaries who do not file tax returns regularly could go out by mid-April. Those receiving VA benefits can see updates to their IRS payment information Get my payment tool in the near future. We’ll provide an update if we hear more from the IRS or the Department of Veterans Affairs.
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Stimulation test 3: How much money will you get
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How much stimulus money can I get?
With the US rescue plan, that who qualifies for the third stimulus test can receive up to $ 1,400 each. Dependents – including older adult family members, children of colleagues and dependents with certain disabilities – can count another $ 1400 each (more below).
How will I receive my $ 1400 stimulus check?
If you have not filed a tax return and if you receive VA benefits on a Direct Express card, your third stimulus payment will be deposited on the card, the IRS said. The VA said if you have direct deposit instituted with the IRS, you may have already received your payment by March 12, 2021. If the IRS does not have direct deposit information available to you, it will use information from other government agencies to make your payment.
If you are a veteran and do not have a bank account, the VA has a program to help you set up a bank account to receive your VA benefits. As stimulus payments to VA beneficiaries are due to take place next week, it may be too late to send the check to a new account.
Those receiving VA benefits should seek a stimulus test soon.
Stephen Shankland / CNET
Who is a qualified dependent?
With the third check, any dependent who qualifies for your claim to count up to $ 1400, – for the family total. Dependents do not receive their own stimulus tests. (Here is who the IRS considers a adult eligible for a stimulus test.) With the first two payment rounds, those who received federal benefits had to take an extra step to receive money for dependents, and you may also have to file a 2020 tax form (free of charge) to claim your dependents for the third stimulus test. This includes babies born in 2020.
Does the stimulus payment reduce my VA benefits?
No. The VA said it would not receive any money received as part of the stimulus package as income for the determination of benefits. For example, if your family receives $ 4,600 in a stimulus test, the amount does not affect your usual benefits.
What about the child tax credit?
One source of money you could see in the new US rescue plan is an extension of the child tax credit. For a child 5 years and under, parents and caregivers can receive up to $ 3,600 per child this year. For each child between the ages of 6 and 17, parents and caregivers can receive up to $ 3,000. Here is what we know of the CTC, including more child qualification details and when the payments could come.
What about federal unemployment?
The new stimulus bill also renews federal unemployment benefits. The $ 300 weekly checks run until September 6th. Here is more information on the unemployment checks.
Can I still get the first or second stimulus checks?
Yes, according to the VA. You must file a tax return this year request a repayment credit on the tax form for any money you are missing the first and second stimulus payments. See our guide for the first round of checks if you need more details. Here is the main differences between all three stimulus checks.
Learn more about what we know third stimulus test for those receiving federal benefits, how to track your stimulus test and how to make sure you have the right amount of money.