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More on Recovery Rebates

As discussed in our post on March 31, 2020, the new law signed on March 27, 2020 provides for recovery rebates to be sent to certain taxpayers. 

The IRS has indicated that they will begin making direct deposits of recovery rebates to taxpayers during the week of April 13, 2020.  After that, the IRS plans to issue paper checks beginning in May of 2020.  The IRS has indicated that this process could take until September of 2020 or beyond.  

After initially indicating that individuals who receive Social Security benefits and who do not file income tax returns would need to file an income tax return to receive a recovery rebate, the IRS now has indicated that it will send recovery rebates to such individuals using information from the Social Security Administration, and that such individuals do not have to file tax returns to receive a recovery rebate. 

The information provided herein is provided with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional service. As such, M + O = CPE, Inc. and the author disclaim any responsibility or liability for the information supplied herein or the application of said information.