Social Security

Federal benefit recipients who don't receive their third stimulus funds electronically may be receiving a paper check instead.

The IRS is not planning to issue third stimulus payments as prepaid debit cards to federal benefit recipients, according to the SSA.

The majority of stimulus payments for federal benefit recipients will be issued as direct deposits and to existing Direct Express card accounts, the IRS said.

The majority of these payments will be issued as direct deposits or to existing Direct Express card accounts, the IRS said Tuesday.

The IRS expects to begin issuing payments this weekend to benefit recipients who don't usually file a tax return.

Federal beneficiaries who haven't received a stimulus check yet could receive their $1,400 payment on April 7.

It has yet to be confirmed how many stimulus payments for federal benefit recipients may have been sent out by the IRS.

The required payment files were sent by the Social Security Administration to the IRS last Thursday, two weeks after the COVID-19 relief bill was signed into law.

A dispute over paperwork between the IRS and the Social Security Administration has delayed the payments.

On Thursday, the SSA provided the IRS with the paperwork needed for stimulus payments to be issued to federal benefit recipients.

The House committee on ways and means says almost 30 million Americans have been affected by the hold-up.

The IRS is issuing around 17 million direct deposits with an "official pay date" of March 24 for its latest round of stimulus payments.

The IRS will "automatically send" third stimulus funds to those who didn't file a tax return but are recipients of federal benefits such as Social Security Disability Insurance (SSDI).

Only current Direct Express card holders are eligible to receive the latest stimulus payment on their card.

The IRS will "automatically send" third stimulus payments to those who didn't file a tax return but are recipients of Social Security and other federal benefits.

"Now is the time to renew our commitment to families to help them meet the challenges they face," the Utah Republican senator said.

Mail is delivered as usual on December 24, while all in-person services at social security offices are closed amid the ongoing COVID-19 pandemic.

The coronavirus pandemic has heightened the split in the U.S. economy. Some with hefty retirement accounts dipped into the money and rode out a choppy economy, while those who live paycheck to paycheck cut back and scraped by as best they could.

Retirement benefits generally revolve around passive income, real estate, and 401(k). Around 70% of US investors are stashing 10% of their income away for creating a fortress around their retirement portfolio.

You may be surprised at the popularity of some.

More than what you contribute to your retirement funds, time plays a bigger role in your retirement planning. Grow your financial awareness and retirement funds with the right guidance.

"Joe Biden is saying his priority is illegal aliens," Stephen Miller claimed Saturday on Fox News.

The video showed footage from a debate between Vermont Senator Bernie Sanders and Democratic presidential nominee Joe Biden, in which he Biden claimed he had never supported cutting funding for Social Security.

During the final presidential debate on Thursday, Democratic candidate Joe Biden said that President Donald Trump wants to get rid of Social Security.

"I think if he wins, he's going to have to have a more fleshed-out program, but people can expect the Social Security in the future that they've enjoyed in the past," one expert said of Biden. "While under the Trump proposals you don't really know what is going to happen."

Among those surveyed aged 60 and over, 59 percent said they felt more confident in the future of Social Security under Biden, compared to 43 percent for Trump.

"We will be, on the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year," President Donald Trump said during a news conference last month.

Business are avoiding President Trump's Payroll Tax Holiday because of the complexity and fears of being stuck with the tax bills of former employees.

This is the first time that the National Committee to Preserve Social Security and Medicare (NCPSSM), which was founded by the late son of President Franklin Delano Roosevelt, has ever endorsed a candidate for president.

President Donald Trump said he will make the payroll tax cuts permanent if he wins re-election in the November election.