talk has been huge this week among lawmakers, with the House currently debating President Joe Biden’s , which includes a for . It’s expected to go to tens of millions of older adults and could be . However, bipartisan support could be hard to come by, The Hill reported, if ( ) further divides the Senate. Without it, the Democratic majority could , and a new wave of checks along with it.
If you’re an older adult with questions, we’ve got everything you need to know about thehere. If you or any of your are for the full amount, there will probably be some changes from the first two rounds. We’ll also walk you through what to do if some or all of your first or second stimulus payment never arrived — for example, you may have to claim it as an or request an to track down those funds.
We’ll address some concerns you might have that could affect the, including your , , pension, and whether you . Adding to the sense of urgency is , which officially starts tomorrow, Feb. 12. This is when you’ll be able to , . This story was recently updated.
Who is considered an older adult, according to the IRS?
Anyone aged 65 or older at the end of 2019 is considered athat year and beyond. (If you have questions about citizenship requirements, see more below.)
Am I eligible for any money at all from the stimulus checks?
For the first and second stimulus checks, whether you were eligible for any stimulus money (and if you were,) hinged on whether you were and on your , from your 2019 federal tax filing.
If you have a pension or investments that are taxable, those will affect your AGI, and therefore your. The same is true for interest from a bank account. However, interest from tax-exempt bonds is not included in your AGI, so wouldn’t affect your stimulus payment eligibility.
For a potential, some of the eligibility rules are likely to change — read on for more.
Will I get more money — or less — if a new stimulus check changes the eligibility rules?
There are several ways that. also includes a payment of , no matter their age, to be added on to the household’s total. That means if you support an , for example, a college student, you may be able to get a in the next round, if this qualification makes it into the final bill.
The move, if approved, wouldon behalf of an estimated 13.5 million adult dependents, according to the People’s Policy Project.
Biden’s plan also includes families with, where members have different immigration statuses. Both of these groups were left out of the first and second stimulus payments.
Congress is currently debating whether or not it will, which could impact people who have significant investment income.
Here are other ways some households could potentially, or .
If you’re missing some or all of your first or second stimulus payments, here’s what to do
If youyou will likely need to claim a missing payment using the — that includes people who , too.
However, we recommend getting a little more information by using the IRS’ free. If you use the Recovery Rebate Credit, your stimulus allotment will either be bundled with your or you’ll pay less tax in your return. We recommend and registering your bank account for .
I’m typically a nonfiler, so how do I file my tax return this year?
Ais a person who is not required to . The requirement to depends on your gross income, which is all income you receive in the form of money, goods, property and services that aren’t tax-exempt (more below). For 2019, the standard deduction amount for single filers was $12,200.
However, if you’re claiming missing stimulus money in a, even nonfilers will have to file a tax return this year. You may be able to use a . You will, however, .
Your gross income is different from your, which is your gross income minus any eligible adjustments that you may qualify for. (Find out .)
If you’re age 65 or older, you should file taxes under the following circumstances:
- Single filer with at least $13,850 in gross income
- Head of household with at least $20,000 in gross income
- Married filing jointly (if one spouse is 65 or older, $25,700 in gross income; if both spouses are 65 or older, $27,000 in gross income)
- Married filing separately (any age, $5)
- Qualifying widow(er) age 65 or older with at least $25,700 in gross income
In the 2019 tax year, the IRS introduced Form 1040-SR, US Tax Return for Seniors. This form is basically the same as Form 1040, but has larger text and some helpful information for older taxpayers.
What is my gross income and how can I find it?
Your gross income (again, this differs from your) includes income from selling your main home, and gains (but not losses) reported on Form 8949 or Schedule D and from sources outside of the US.
Your gross income does not include any Social Security benefits, unless:
- You are married but filing separated, and lived with your spouse at some point in 2019.
- Half of your Social Security benefits plus your other gross income and any tax-exempt interest is more than $25,000 filing single (or $32,000 if married filing jointly).
If either of those is the case for you, you can check out the Instructions for Forms 1040 and 1040-SR or Pub. 915, Social Security and Equivalent Railroad Retirement Benefits to figure the taxable part of Social Security benefits you must include in gross income.
How do I know if I’m considered a dependent on someone else’s taxes?
Some older people mayon someone else’s taxes, called a “qualifying relative.” For example, you may live with your children. In terms of stimulus check qualifications for the second payment, the main tax filer would have had to claim you as a dependent on their tax form 1040 in 2019.
A qualifying relative can be any age. To be counted as a qualifying relative on someone’s tax return, the person must meet four criteria:
- Do not count as a .
- Live with the family member all year as a member of their household, or count as a relative who does not have to live with you all year (such as a parent or grandparent, a stepparent, or a sibling).
- Have a gross income for the year of less than $4,200.
- Have more than half of your support during the year come from that family member.
If you were a dependent on someone else’s taxes and were over the age of 16, you were not qualified for any stimulus money at all in the first or second round of stimulus checks. Biden’s current proposal, however, would allow dependents of all ages to be eligible to add up to.
Am I still eligible for a stimulus check if I’m a recipient of SSI or SSDI?
If you’re over age 65 and a recipient of Supplemental Security Income or Social Security Disability Insurance, you were eligible for a first and second stimulus check, and should be eligible for a third, if one is approved. Find out.
I’m over 65 with dependents, but never got the additional $500 with the first payment or $600 with the second — what now?
If you’re age 65 or older and have a child dependent age 16 or younger who qualified for an, or an , you’ll have to claim your stimulus payment on behalf of eligible dependents as a .
If I’m not a US citizen but still pay taxes, can I get a stimulus payment?
Under the, non-US citizens, including those who pay taxes, were not eligible to receive the $600 payment, unlike with the first round of checks. Under the , who live and work in America were eligible to receive stimulus payments. That includes people whom the IRS refers to as “resident aliens,” green card holders and workers using visas such as H-1B and H-2A.
If your citizenship status has changed since you first got a Social Security number, you may have to update the IRS’ records to get your check. US citizens living abroad were also eligible for a first payment.
For the third payment, Biden’s proposal includes checks for— families with members with different immigration statuses — who were left out of the first two checks.
Which groups of older adults were eligible for the first two stimulus checks?
And what about veterans, dependents and members of SSI and SSDI programs?
Social Security recipients and retired railroad workers who were not required to file a tax return in 2018 or 2019 were eligible for the first two stimulus payments, and were not required to file a tax return to get their check, according to the IRS. The payments were based on information contained in their 1099 benefit statements, with no additional paperwork required.
Supplemental Security Income recipients without dependent children should have received stimulus payments automatically, without having to file any additional paperwork as well. The same is true for people who receive Compensation and Pension benefits from the Department of Veterans Affairs.
People who are part of the Social Security Disability Insurance program who were not required to file tax returns for 2018 or 2019 should also have automatically received a first and second stimulus payment. (Find out more about.) If you did not receive all or part of your money, you’ll need to claim it as a .
However, older people who were claimed as a dependent on 2019 tax forms were not eligible for a first or second stimulus check.
For more, check out what we know so far about a, and .