Ask Larry

Will I Receive An Increase In My SS Or A One Time Stimulus Check?

Thanks for taking my question..

I receive SS, but I am a bit confused on this stimulus check?
Will I receive an increase in my SS for 6 months or will I receive a one time stimulus check or both?
Thanks
Dennis

Hi Dennis,

The economic relief package passed by Congress did not contain any changes to Social Security benefits, so your Social Security benefit rate won't change as a result of that legislation.

I can only answer questions about Social Security benefits, so if you have questions about stimulus payments you'll need to refer to IRS's website: https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments.

Best, Jerry

Category: 
Posted: 
Apr 24 2020 - 8:03am
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.