The IRS and Treasury say stimulus payments will be automatically deposited into the bank accounts of Social Security beneficiaries.
Payments will be directly deposited into accounts or mailed out by paper check.
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The agencies earlier this week said some seniors who normally do not file tax returns would need to file a simple return to receive payments, which will be up to $1,200 per person who qualify, based on income.
The agencies late Wednesday clarified this will not be needed for Social Security beneficiaries and “railroad retirees.”
The Treasury still plans to develop an Internet portal in coming weeks for people to provide their banking information to the IRS.
The IRS says this will allow stimulus payment recipients to get the money as soon as it is release, instead of having to wait for a check in the mail.
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