COLORADO SPRINGS, Colo. (KRDO) — The Internal Revenue Service announced that payments have started going out to Social Security recipients and other federal beneficiaries who do not normally file tax returns.
The IRS anticipates the majority of these payments will be sent electronically and received on Wednesday, April 7. Some were dispersed over the weekend.
"Most Social Security retirement and disability beneficiaries, railroad retirees and recipients of veterans benefits who are eligible for an Economic Impact Payment do not need to take any action to receive a payment. These payments will be automatic. Like the previous Economic Impact Payments, Social Security and other federal beneficiaries will generally receive this third payment the same way that they receive their regular benefits."
Internal Revenue Service
George Sleeman co-owns Westside Tax Service in Colorado Springs. He gets questions about stimulus payments all the time.
"If they have direct deposit for their Social Security, it goes straight into the bank that they have their Social …