[NFBofSC] Recovery Rebate

[Jennifer Bazer]

This was sent to affiliate presidents from the national office. I do not
have further details.

 

Dear Fellow Federationists:

 

Late Monday night Congress passed the Consolidated Appropriations Act, 2021.
This bill provides for an "additional 2020 recovery rebate for individuals"
in the amount of $600 per person. Married couples who file jointly will
receive $1,200 and $600 per eligible child (aged 16 and under), if
applicable.

 

Similar to the previous Economic Impact Payments, eligibility will be based
on one's 2019 tax return. Full recovery rebates will go to individuals with
up to $75,000 in adjusted gross income, heads of household with up to
$112,500, and married couples under $150,000. Individuals with $87,000 or
more in income and married couples who file jointly earning $174,000 or more
will not receive any recovery rebate.

 

Similar to the CARES Act, individuals who are claimed as a dependent on
someone else's tax return will not qualify for an individual recovery
rebate. As with the stimulus checks sent through the CARES Act this Spring,
you will still need a valid Social Security number in order to be eligible.
This time, however, a spouse who has a Social Security number who files
jointly with a spouse who does not will still receive their own $600 check.
Their children may also qualify, provided they have Social Security numbers
of their own.

 

Recovery rebates are set to be sent to federal beneficiaries, such as those
who receive income from Social Security, Supplemental Security Income or
Veterans Administration, even if they did not file 2019 returns. The
payments will be protected from garnishment by banks or levies by debt
collectors. 

 

Recovery rebates will be considered unearned income and will not affect
one's Social Security Disability Insurance (SSDI) benefits. This spring's
economic impact payments did not have an effect on Supplemental Security
Income (SSI) recipients, as long as the funds were used within twelve months
of receipt. We anticipate that the same rule will apply for the additional
recovery rebate. We will send further legislative alerts as we learn more
details. 

 

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