If you receive Department of Veterans Affairs disability or pension payments and didn't file taxes for the last two years, you may want to hurry over to the IRS website and fill out a form to get your stimulus payment.
You are not required to file a tax return if your taxable income is below $12,200 ($24,400 for married couples). This includes people whose only income was non-taxable income, such as VA disability compensation, dependency and indemnity compensation (DIC) or VA pension benefits.
Originally, veterans were told they needed to file a tax return in order to receive their stimulus funds. However several changes have been made to the process, with the most recent being announced Wednesday.
Veterans with income below the taxable threshold will now automatically have their $1,200 stimulus payments deposited into the same bank account as their VA benefits. Those veterans affected by the low-income threshold who have dependents must use the IRS website to provide their personal information and payment instructions before any payments will be made for those dependents.
The IRS originally set 12:00 EDT April 22, 2020, as the deadline to provide the necessary information for stimulus funds. That deadline has been removed but, given the rapidly changing situation, it's best to fill out the form as quickly as possible, even if you're unsure as to your eligibility for funds.
To receive stimulus payments for your eligible dependents, you will need to provide the following information to the IRS:
- Full name, current mailing address and an email address
- Date of birth and valid Social Security number
- Bank account number, type and routing number, if you have one
- Identity Protection Personal Identification Number (IP PIN) you received from the IRS earlier this year, if you have one
- Driver's license or state-issued ID, if you have one
- For each qualifying child: name, Social Security number or Adoption Taxpayer Identification Number and their relationship to you or your spouse
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