$500 Economic Impact Payment deadline extendedBy: National Association of Tax Professionals
September 9, 2020

The IRS has reopened the registration period for individuals who receive Social Security, Supplemental Security Income (SSI), Railroad Retirement or veteran’s benefits, but didn’t receive $500 per child earlier this year when they received their own economic impact payment.

Federal benefit recipients can use the non-filers payment info tool to get a catch-up payment for a qualifying child if they have NOT done one of the following:
• Already used the non-filers tool to provide information about their qualifying child
• Filed their 2019 or 2018 tax return

Eligible individuals can use the tool until Wednesday, Sept. 30 to enter information about their qualifying children to receive a catch-up $500 payment per child. This payment will be issued in October.

Those unable to access the non-filers tool may file a simplified paper return following the instructions in the FAQ page on IRS.gov.

Anyone who misses the Sept. 30 deadline will need to wait until next year and claim the payment as a credit on their 2020 federal income tax return.

Those who received their original economic impact payment by direct deposit will also have any catch-up payment direct deposited to the same account. Others will receive a check.

Social Security, SSI, Department of Veterans Affairs and Railroad Retirement Board beneficiaries who have already used the non-filers tool to provide information on children don’t need to take any further action. The IRS will automatically send a payment in October.

Get a payment status at IRS.gov

Eligible recipients can check the status of their catch-up payment using the “Get My Payment“ tool on IRS.gov. They will also receive another Notice 1444 in the mail stating after the payment is issued that should be kept with their tax records.

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penAbout National Association of Tax Professionals

The National Association of Tax Professionals (NATP) is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. NATP is comprised of over 23,000 leading tax professionals who believe in a superior standard of ethics and exemplify professional excellence. Members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The organization welcomes all tax professionals in their quest to continually meet the needs of the public, no matter where they are in their careers.

The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.

Information included in this article is accurate as of the publish date. This post is not reflective of tax law changes or IRS guidance that may have occurred after the date of publishing. All taxpayer circumstances are different, and NATP recommends contacting research services if you have specific questions about your clients’ tax situations.

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