Are Disabled Veterans Getting a Stimulus Check?
Introduction
The COVID-19 pandemic has caused a significant economic downturn, affecting millions of Americans, including disabled veterans. To address this crisis, the U.S. government implemented stimulus checks as part of its economic relief package. In this article, we will explore whether disabled veterans are eligible to receive these stimulus checks and provide the necessary information to navigate this complex process.
Are Disabled Veterans Getting a Stimulus Check? The Short Answer
Disabled veterans who receive compensation for service-connected disabilities from the U.S. Department of Veterans Affairs (VA) may be eligible to receive an Economic Impact Payment (EIP) as part of the stimulus package. However, not all disabled veterans will receive a stimulus check. Eligibility depends on factors such as income level and tax filing status.
Eligibility for Disabled Veterans
The Treasury Department and the IRS, in collaboration with the Social Security Administration (SSA), are responsible for delivering these stimulus checks. To determine eligibility, they rely on tax returns and social security benefits data. Here’s a breakdown of the key criteria:
- Disability Compensation: Disabled veterans receiving compensation for service-connected disabilities from the VA may be eligible.
- Age: Recipients of SSDI (Social Security Disability Insurance) benefits under 65 years old may receive a stimulus check.
- Income Level: Gross income must be below $99,000 for single filers or $198,000 for joint filers.
- Tax Filing Status: Recipients must have filed their 2019 or 2020 tax return as Single, Married Filing Jointly, Head of Household, or Qualifying Widower.
Income Guidelines for Disabled Veterans
- Single Filers:
- If annual gross income is less than $75,000, you may receive a stimulus check.
- If annual gross income is $75,001 – $99,000, your stimulus check may be reduced or phased out.
- If annual gross income is above $99,000, you will not receive a stimulus check.
- Joint Filers:
- If annual gross income is less than $149,000, you may receive a stimulus check.
- If annual gross income is $149,001 – $198,000, your stimulus check may be reduced or phased out.
- If annual gross income is above $198,000, you will not receive a stimulus check.
How to Receive Your Stimulus Check as a Disabled Veteran
- File Your Taxes: Make sure to file your 2019 or 2020 tax return by April 15, 2023. Even if you don’t usually file taxes, you must submit a return to receive the stimulus check.
- Check Your Direct Deposit: If you’ve authorized direct deposit for your federal benefits, your stimulus check will be deposited into your bank account.
- Check Your Mailed Check: If direct deposit is not set up or not possible, the Treasury Department will mail you a paper check.
Consequences of Not Filing Taxes
- Risk of Not Receiving the Stimulus Check: Failing to file your tax return may result in no stimulus check being sent.
- Potential Late Payment Penalty: If you are due a stimulus check but haven’t filed your tax return, you may incur a late payment penalty and interest.
Filing Your Taxes as a Disabled Veteran
- TurboTax: Offer military-specific tax guidance and offers free filing for some disability recipients.
- Free File: The IRS’s Free File program is designed for low-income and eligible individuals, including some disability recipients.
- CPA or Tax Preparer: Consider consulting a Certified Public Accountant (CPA) or tax professional who is familiar with VA benefits and tax regulations.
Conclusion
While the stimulus check process is complex, disabled veterans receiving service-connected disability compensation may be eligible for an EIP. It is crucial to file your tax return and ensure you meet the eligibility criteria to receive this stimulus check. As the tax filing deadline approaches, take the time to understand the guidelines, gather necessary documents, and avoid potential penalties. With patience and attention to detail, disabled veterans can ensure they receive the stimulus check they deserve.
