People receiving Social Security benefits, Supplemental Security income, Railroad Retirement benefits and Veterans Affairs Compensation and Pension benefits and who did not file a return in 2018 or 2019 can use an online IRS tool to obtain the $500 economic impact payments, the agency said in a statement on Friday. The IRS extended the deadline to 5 p.m. EDT on Nov. 21 after saying in August that federal beneficiaries must claim the benefits by mid-October.
The Coronavirus Aid, Relief and Economic Security Act authorized $1,200 payments for individual taxpayers and $2,400 for couples filing jointly, with phaseouts at certain income thresholds. The law also provided supplemental payments of $500 per child to adults with qualifying children.
--Additional reporting by David van den Berg. Editing by Joyce Laskowski.
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