At first, the Internal Revenue Service said that to get a stimulus payment during the COVID-19 pandemic, a tax return had to be filed. That would have left many Social Security beneficiaries without the financial boost.
But late Wednesday, the Treasury Department said that was not the case.
“Social Security recipients who are not typically required to file a tax return need to take no action and will receive their payment directly to their bank account," Treasury Secretary Steve Mnuchin said, according to The Washington Post.
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The stimulus package, which will inject $2.2 trillion into the economy that is faltering because of the coronavirus outbreak was going to use 2018 or 2019 tax returns to see how much money each household gets.
Many of those who get Social Security benefits make less than the required amount that is needed to file a tax return, the Post reported.
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The IRS will use the information from the Social Security Administration so payees to get the additional money from the government, CNN reported.
If someone does not use direct deposit, then the government will send them traditional checks, but that process is expected to take longer than the wire transfers, according to CNN.
