Original from National Center on Law & Elder Rights
Supplemental Security Income (SSI) recipients who do not typically file a tax return should have received their third economic impact payment (EIP) automatically in April 2021. Those who receive their SSI benefits electronically by direct deposit or Direct Express Card should have received their EIP in the same way around April 7. Those who receive their monthly SSI benefits by check in the mail were mailed paper check EIPs beginning April 9. The Social Security Administration (SSA) will not count any of the EIPs as income for SSI recipients, and the payments are excluded from resources for 12 months after receipt. Many SSI recipients received their first EIP under the CARES Act in May 2020. They are now approaching the end of the 12-month exclusion period for the first EIPs starting on June 1, 2021, when any remaining CARES Act EIP funds they still have which puts them over the $2,000 resource limit ($3,000 for an eligible couple) will be counted as a resource, and they will lose their eligibility for SSI for that month. SSI recipients and their payees must take care to be sure they have spent down their CARES Act EIP funds before 12 months have passed since they received the payment. Since EIP funds are not the same as SSI benefits, individuals are not limited in what they can spend these funds on and can spend down on whatever they wish, including on gifts and charitable contributions. If a person is missing their first or second EIP, they need to file a 2020 tax return with the IRS and claim the 2020 Recovery Rebate Credit (RRC) as soon as possible.
For more information, please visit https://www.ssa.gov/news/press/releases/ |
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