The IRS is providing most adults in the United States with $1,200 stimulus payments, following Congress’s passage of the CARES Act (the Coronavirus Aid, Relief, and Economic Security Act). This includes people who receive Social Security Disability Insurance (SSDI) benefits.
If you are an SSDI recipient, you don’t need to do anything to get your money. The government has your contact information, and will send you your money automatically. You should receive your stimulus money the same way you receive your SSDI benefits.
No. SSDI eligibility is not income or asset dependent, so your eligibility for SSDI will not be impacted by your stimulus money. The CARES Act is intended to boost Americans in this time of crisis, and accepting your check will only benefit you.
If you have dependent children under the age of 17, who live with you for more than half of the year, you will receive an extra $500 for each of those children.
If you receive income in addition to your SSDI benefits that adds up to more than $75,000, your stimulus payment will be reduced. If you and your spouse file a joint return and your combined income is over $150,000, your stimulus payment will be reduced.
In order to determine if your stimulus payment should be adjusted either up or down, the IRS will look at your “adjusted gross income” on your most recent tax return. If you filed your 2019 return already, the IRS will look at it. If you have not yet filed for 2019, the IRS will look at your 2018 return.
If you have additional questions about your SSDI benefits at this time, the Seelig Law Group may be able to help. Our experienced team of attorneys has helped thousands of people in New York City get the benefits they deserve.
We offer a free, no obligation consultation for clients who want to discuss information regarding disability benefits. Please contact us today to schedule an appointment with a member of our team. We are still assisting clients during the COVID-19 pandemic, but we are doing much of our work over the telephone or via video chat.
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