
To qualify for the stimulus check seniors payment in 2024, you must be at least 65 years old by the end of the year.
The program is designed for low-income seniors who need financial assistance, so you'll need to meet certain income requirements.
You can earn up to $35,000 per year and still qualify, but your income will be taken into account when determining the size of your payment.
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Eligible Social Security Recipients
Social Security recipients who are eligible for stimulus checks can breathe a sigh of relief. AARP worked hard to ensure that these individuals would receive their stimulus payments, and it's all thanks to their efforts that low-income Social Security recipients will receive the full $1,200 check, not just $600.
If you're a Social Security recipient, you're eligible for a stimulus check, regardless of whether you're receiving retirement, disability, or Supplemental Security Income (SSI) benefits. The size of the check will decrease based on your income, but you'll still receive some money.
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The income cut-off for receiving a stimulus check is $75,000 for individuals and $150,000 for couples who filed jointly. If you earned more than $99,000 and are single, or more than $198,000 and are married, you won't receive a check.
The IRS will send out stimulus payments to Social Security recipients automatically, based on information contained in their "1099" benefit statements. No additional paperwork is required, making it easier for these individuals to receive the benefits they need.
Here's a quick rundown of the eligibility requirements for Social Security recipients:
- Retirement, disability, or SSI benefits
- Income of $75,000 or less for individuals, or $150,000 or less for couples who filed jointly
- "1099" benefit statements on file with the IRS
If you're a Social Security recipient, you'll likely receive your stimulus payment automatically, without needing to take any extra steps. Just make sure your "1099" benefit statement is up to date, and you'll be all set!
Eligibility Criteria for Stimulus Check
Social Security recipients, including those collecting retirement, disability, or Supplemental Security Income (SSI), are eligible for stimulus checks, thanks to AARP's efforts.
To receive the full $1,200 check, individuals must have a valid social security number and have received segregation for retirement, disability, or "captivity test" operation.
The size of the check decreases based on income, with individuals earning more than $75,000 and couples earning more than $150,000 jointly receiving reduced payments.
Couples who earned more than $198,000 jointly and individuals who earned more than $99,000 will not receive checks. Heads of households with incomes over $136,500 are also ineligible.
Individuals who are considered nonfilers, such as those who don't file taxes, don't need to do anything to receive a third stimulus check, according to the IRS.
However, if you're claiming missing stimulus money in a Recovery Rebate Credit, you'll need to file a tax return this year, even if you're a nonfiler.
To receive payments automatically, Social Security recipients and railroad retirees who weren't required to file federal tax returns for 2018 or 2019 will have their payments sent based on information contained in their "1099" benefit statements.
This includes Social Security Disability Insurance (SSDI) recipients who also receive SSA-1099 benefits statements every January.
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The IRS will use these statements to send payments automatically, without requiring additional paperwork.
Anyone aged 65 or older at the end of 2020 is considered a senior adult on their taxes that year and beyond, and will be eligible for stimulus checks.
To file taxes under the 65+ age group, you should file Form 1040-SR, US Tax Return for Seniors, which is the same as Form 1040 but with larger text and helpful information for older taxpayers.
Here's a summary of the eligibility criteria:
IRS Guidelines
If you're 65 or older, you're considered a senior adult on your taxes, and the IRS will use your 2019 tax return to determine your eligibility for stimulus checks.
The IRS introduced Form 1040-SR for older taxpayers, which is similar to Form 1040 but has larger text and helpful information.
To receive a stimulus payment automatically, you don't need to file a tax return if you're a Social Security beneficiary or railroad retiree who didn't file taxes for 2018 or 2019.
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The IRS will use your "1099" benefit statements, such as Form SSA-1099 or Form RRB-1099, to send out the $1,200 payments automatically.
SSDI disability beneficiaries also receive payments automatically, just like Social Security beneficiaries.
To be eligible for an $800 stimulus payment, you must be 65 years or older, a permanent resident of the US, have a valid social security number, and meet income requirements.
Here are the income requirements for the $800 stimulus payment:
If you're a nonfiler, you don't need to do anything to receive a third stimulus check, but if you're claiming missing stimulus money in a Recovery Rebate Credit, you'll need to file a tax return this year.
Sources
- https://www.aarp.org/politics-society/advocacy/info-2020/coronavirus-stimulus-checks.html
- https://www.marca.com/en/lifestyle/us-news/personal-finance/2024/11/05/672a484f268e3e3d7c8b458b.html
- https://votesmart.org/public-statement/362078/seniors-are-eligible-for-stimulus-checks
- https://www.cnet.com/personal-finance/older-adults-and-third-stimulus-checks-eligibility-rules-and-what-they-mean-for-you/
- https://www.fhca.org/advocacy/important_information_regarding_250_stimulus_checks
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