Those who receive benefits from the Social Security Administration and retirement checks from the Railroad Retirement Board should see $1,400 stimulus payments arriving in their bank accounts on Wednesday, according to the Internal Revenue Service.
The latest round of COVID-19 relief payments will be seen mainly by those Social Security, Supplemental Security Income and Railroad Retirement Board beneficiaries who didn’t file a 2019 or 2020 tax return or who did not use the IRS’ Non-Filers tool to access the first two coronavirus stimulus payments.
According to the IRS, direct payments will be sent to recipients in the same way they receive their Social Security or Railroad Retirement benefits.
The payments have been delayed because the IRS was not given the files by the Social Security Administration about two weeks ago.
“After receiving data from the Social Security Administration on Thursday, March 25, the IRS began the multi-step process to review, validate, and test tens of millions of records to ensure eligibility and proper calculation of Economic Impact Payments,” according to the IRS website.
“If no additional issues arise, the IRS currently expects to complete that work and to begin processing these payment files at the end of this week. Because the majority of these payments will be disbursed electronically – through direct deposits and payments to existing Direct Express cards – they would be received on the official payment date of April 7,” according to the website.
For those who receive Department of Veterans Affairs benefits, the wait will be a bit longer. According to the IRS, the payments for veterans could be issued by mid-April.
“The IRS continues to review data received for Veterans Affairs (VA) benefit recipients and expects to determine a payment date and provide more details soon,” the agency’s website read.
“Currently, the IRS estimates that Economic Impact Payments for VA beneficiaries who do not regularly file tax returns could be disbursed by mid-April. VA beneficiary payment information will be available in the Get My Payment tool at a future date,” the website read.