PRES. BIDEN ANNOUNCES! SOCIAL SECURITY PAYMENT SCHEDULE | WILL DEPOSIT IN BANKS FOR ALL LOW-INCOMES!

hey everyone welcome back to the Channel with your daily stimulus check update today we've got some seriously exciting news that you won't want to miss so grab a cup of coffee sit back and let's Dive Right In all right folks the moment we've all been waiting for is finally here I've got confirmed reports that the next round of $1,400 stimulus checks will be hitting bank accounts starting tomorrow for millions of Americans with a special Focus on our SSI SSDI and VA benefit recipients this is huge news and I'm here to break it all down for you first things first let's talk about who's eligible for this round of payments the Internal Revenue Service IRS has announced that individuals receiving Social Security Supplemental Income SSI social security disability insurance SSDI and Veterans Affairs VA benefits will be prior IED in this latest rollout this is fantastic news for those who've been waiting patiently for their much needed Financial relief now I know many of you have been asking about the income thresholds for these payments so let's quickly recap single filers earning up to $75,000 will receive the full $1,400 head of household filers earning up to $112,500 will receive the full amount married couples filing jointly earning up to $150,000 will receive $2,800 remember these thresholds are based on your most recent tax return either 2019 or 2020 depending on what the IRS has on file now I've been digging deep into the details of this roll out and I've got some Insider information for you according to my sources at the treasury Department they're expecting to process over over 30 million payments in this batch alone that's a massive undertaking and it shows just how committed they are to getting this money into the hands of those who need it most but here's where it gets really interesting the IRS has implemented a new system to streamline the payment process for SSI SSDI and VA beneficiaries in previous rounds there were often delays for these groups but this time they're at the front of the line so what does this mean for you if you're receiving any of these benefits and you're eligible for a stimulus payment you don't need to do anything extra the IRS will use the information they already have on file to send your payment directly to the same account where you receive your benefits it's that simple now I know some of you might be wondering what if I don't have direct deposit set up don't worry I've got you covered too for those without direct deposit paper checks and prepaid debit cards will start going out in the mail next week but remember direct deposit is always the fastest way to get your payment let's talk timeline for a moment while the deposits start hitting accounts tomorrow it's important to note that not everyone will see the money in their account on day one the treasury Department has stated that the majority of eligible recipients should receive their payments within the next two weeks so if you don't see it right away Don't Panic it's on its way now I've been getting a ton of questions about dependence so let's clear that up in this round of stimulus all dependents regardless of age qualify for the additional $1,400 payment that means adult dependents college students and elderly relatives are all included this time around this is a huge change from previous stimulus packages and will make a significant difference for many families but here's something crucial that you need to know the dependent payment goes to the person who claimed them on their taxes not to the dependent directly so if you're a college student and your parents claimed you as a dependent they'll receive the extra $1,400 for you now let's address some of the most common questions have been getting in the comments what if I haven't filed my 2020 taxes yet don't worry the IRS will use your 2019 information if they don't have your 2020 return on file however if your income changed significantly in 2020 you might want to file as soon as possible to ensure you get the correct payment amount will this affect my regular benefits absolutely not this stimulus payment is separate from your regular SSI SSDI or VA benefits it won't impact your eligibility or the amount you receive for those programs is this pay taxable great news here stimulus payments are not considered taxable income you don't need to report them on your tax return and they won't affect your tax refund what if I don't receive my payment if you don't receive your payment in the expected time frame you can use the IRS get my payment tool to check on its status I'll put a link to that in the description below now let's talk about the bigger picture for a moment this stimulus package isn't just just about the direct payments it's part of a larger effort to jumpstart the economy and provide relief to those hardest hit by the pandemic we're seeing extended unemployment benefits increased funding for vaccine distribution and support for small businesses but I want to hear from you how will this stimulus payment impact your life what do you plan to do with the money drop a comment below and let me know your stories help me understand what's really going on out there and inform the content I create for this channel now I know there's been a lot of debate about these stimulus payments some argue they're absolutely necessary to keep families afloat during these tough times While others worry about the long-term economic impact as always I encourage you to do your own research and form your own opinions my job is to give you the facts and keep you informed before we wrap up I want to touch on something important if you're in a position where you don't urgently need this stimulus payment consider ways you might use it to support your local community maybe that's ordering takeout from a local restaurant donating to a food bank or supporting a small business in your area every little bit helps as we all work together to recover from this pandemic all right folks that's all the breaking news I have for you today remember those $1,400 payments start hitting bank account accounts tomorrow with a focus on sssi SSDI and VA beneficiaries keep an eye on your account and don't forget to check the IRS get my payment tool if you have any concerns if you found this video helpful please give it a thumbs up and consider subscribing to the channel I'm here every day with the latest stimulus news and updates and I don't want you to miss out on any important information as always thank you so much for watching this is your name signing off stay safe stay informed and I'll see you in the next video we cannot condone this and so and I want to thank the Secret Service and all the agency including the state agencies that have engaged in making sure that people who and we have more detail to come relative to other injur other people maybe injured in the audience I don't have all that detail we'll make that available to you I may be able to come back a little later tonight but we'll put out a statement if we don't if I'm not able to give if