• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD
  • VIDEOS

Stimulus Payments for Many Low-Income Americans Are Still Being Processed. Here’s Why.

by

Tens of millions of lower-income Americans are still waiting for their stimulus checks, but there’s been some progress toward getting them paid.

People who receive benefits from Social Security, Supplemental Security Income, the Railroad Retirement Board and Veterans Affairs — while also not having to file tax returns because they don’t meet the income thresholds — have faced delays because the Internal Revenue Service didn’t have the proper payment files to process their stimulus checks.

Now the I.R.S. has all of the necessary files in hand, but it’s still not clear how long it will take for payments to be processed. The I.R.S. did not immediately comment on Friday.

Democratic leaders from the House Ways and Means Committee and other congressional subcommittees had sent a letter to the Social Security Administration and the I.R.S. on Monday, urging the quick transmission of the files. By Wednesday, the lawmakers’ request became an ultimatum: They demanded that the files for 30 million unpaid beneficiaries be sent by Thursday.

statement from the Ways and Means committee. (Veterans Affairs said it delivered its files on Tuesday; the Railroad Retirement Board delivered its files on Monday.)

The Social Security Administration notified congressional leaders that it had transmitted the necessary data to the I.R.S. at 8:48 a.m. Thursday.

Members of the committee blamed the delay on the Social Security Administration’s commissioner, Andrew Saul, who was appointed by President Trump. But the agencysaid it had been unable to act immediately because Congress hadn’t directly given it the money to do the work.

AARP also sent letters to both the Social Security Administration and I.R.S. on Thursday, urging them both to provide clear information on when beneficiaries could expect their payments.

Many federal beneficiaries who filed 2019 or 2020 returns — or who used the tool for non-filers on the I.R.S. website to update their information — have already received their payments.

So far, the I.R.S. has delivered roughly 127 million payments in two batches, totaling $325 billion.

View Source

Filed Under: BUSINESS Tagged With: American Rescue Plan (2021), Income, Internal Revenue Service, Money, PAID, Retirement, Social Security (US), Social Security Administration, Stimulus (Economic), United States Economy, United States Politics and Government, Veterans, Veterans Affairs Department

Primary Sidebar

More to See

Western Window Systems launches new streamlined website

PHOENIX--(BUSINESS WIRE)--Western Window Systems, part of PGT Innovations’ (NYSE: PGTI) family of brands, launched a new website this week. The new … [Read More...] about Western Window Systems launches new streamlined website

Homebuilders say U.S. is in a ‘housing recession’ as sentiment turns negative

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022.George Frey | Bloomberg | Getty … [Read More...] about Homebuilders say U.S. is in a ‘housing recession’ as sentiment turns negative

Double Vision: $54M Mirror-Image Mansions Are This Week’s Most Popular Listing

You were seeing double this week: A spectacular $54 million compound featuring two equally luxurious mansions separated by a private lake in Southwest … [Read More...] about Double Vision: $54M Mirror-Image Mansions Are This Week’s Most Popular Listing

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy