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MineralMan

(151,072 posts)
11. Who knows?
Fri Apr 17, 2020, 09:37 AM
Apr 2020

There will probably be some cross-checking, but there will also probably be some errors made, as well.

The vast, vast majority of Social Security recipients do not have income levels that would cause a reduction in the amount of the stimulus payment. The IRS knows who gets social security payments, and also knows the incomes for each person who does. If I were at the IRS doing this, I'd send the Social Security Administration a list of those recipients whose income is too high to get the full amount, along with a calculation of the amount to be paid. Everyone else gets the full amount.

Will they do that? Maybe. I suspect the database systems for the SSA and the IRS are not compatible, so it could be difficult to link the data, but I don't know for sure.

Still, even if they sent the full amount to every Social Security beneficiary without checking income, it wouldn't make a huge difference in the total amount sent, and excesses could be calculated and recovered in the 2020 IRS tax year. All that would take would be one line in the tax forms for listing the amount received in the stimulus payment.

What I do know, though, is that the SSA has the system in place to issue those payments efficiently and in a timely way. So, I imagine that's exactly what it will do. That's the easiest way to pay SS recipients by far.

One of the problems with going to the IRS web form could be duplication of records, which could actually delay an individual's payment or result in duplicated payments, which would have to be clawed back. That's one reason I'm not going to the IRS form right away.

Recommendations

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Social security does NOT know recipient's income at140 Apr 2020 #1
The irs should have your 1099 form with income on it...if you get Social security.. Iamaartist Apr 2020 #2
I do NOT get 1099 from IRS at140 Apr 2020 #3
Should have by the end of April.... Iamaartist Apr 2020 #4
Those who get SS deposits on 1st Wed of month will be waiting at140 Apr 2020 #9
Read today early May at the latest UncleNoel Apr 2020 #12
Better computer programmers? Maybe their systems are in COBOL, ... JustABozoOnThisBus Apr 2020 #14
Of course it is all in 40-50 year old COBOL at140 Apr 2020 #17
I agree... Iamaartist Apr 2020 #19
this is the trump misadministration WhiteTara Apr 2020 #16
Did you have to deal with ACA on-line? at140 Apr 2020 #18
i figured all along i would get it when i get it. mopinko Apr 2020 #5
We can all hope so who hasn't gotten yet.. Iamaartist Apr 2020 #6
sometimes a little pessimism in unavoidable. mopinko Apr 2020 #7
That's what I've been figuring. MineralMan Apr 2020 #8
SS deposit info is there with SSA, income eligibility is with IRS at140 Apr 2020 #10
Who knows? MineralMan Apr 2020 #11
Excellent post! Thank you for posting. at140 Apr 2020 #21
Your welcome..Hoping you will get yours..soon.. Iamaartist Apr 2020 #22
Some regulatory and privacy issues confound problem unc70 Apr 2020 #20
I hate to see those two get too close, share too much data. JustABozoOnThisBus Apr 2020 #23
Thank-you MineralMan...I Agree 😊 Iamaartist Apr 2020 #13
*Their* A HERETIC I AM Apr 2020 #15
This message was self-deleted by its author elocs Apr 2020 #24
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