Friday, May 1, 2020

CFPB Video: Help people take action to receive their economic impact payment

Some people may need to take action
With additional Montgomery County details

For those with children who receive Social Security, SSDI, Railroad Retirement benefits, SSI, or Veterans Affairs benefits who did not file a tax return in the last two years, you must click HERE to complete your non-filer information form by tomorrow, April 22 at noon.If you do not take this step, you will not be eligible for the $500 per eligible child added to your payment.

Plus a link with multilingual messaging




consumer financial protection bureau
The IRS began rolling out economic impact payments this month, delivering financial relief to the majority of Americans. You may be working with people who haven’t received their payments yet or have questions about how much they’re eligible to receive.
For those that don’t typically file taxes because of their income or because they receive certain benefits, they may still need to submit their information to the IRS, and there’s an online portal for non-filers to help them through this process.
For example, veterans or SSI beneficiaries with dependents under 17 must provide their information by Tuesday, May 5, at noon EST in order to receive $500 per dependent in 2020. Otherwise, they may be eligible to receive this money with next year’s tax return.
Click the image below to watch a video that provides a step-by-step guide to help ensure the people you serve receive their payments quickly and safely.
Screen shot of video "What non-tax filers need to know about economic impact payments"
Again, some people may need to take action in order to receive their payments. This includes Americans who:
  • Didn’t file a 2018 or 2019 tax return because of their income level; or
  • Weren’t required to file a tax return because they received Supplemental Security Income (SSI) or VA benefits – but they have dependents under 17 and would qualify for additional payment

Watch video

About the Bureau

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations; by making rules more effective; by consistently enforcing federal consumer financial law; and by empowering consumers to take more control over their economic lives. 
Learn more at consumerfinance.gov

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