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$200 Monthly Raise Social Security + $2000 Monthly Stimulus - SSI & VA Benefits - SSA, SSDI - YouTube
Channel: MOSTLY MONEY TV
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all right guys when it comes to this聽
next round of stimulus negotiations聽聽
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a lot of us are happy to see our fellow citizens聽
getting their stillness deposits in their accounts聽聽
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however there's still a question that聽
remains where is my stimulus payment聽聽
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we're going to try to answer that聽
question for you today on mostly money
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well my name is andre you're watching mostly聽
money where you get all facts no fake no phony聽聽
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no fluff information when it comes to this next聽
round of stimulus negotiations stimulus checks聽聽
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stimulus payments as well as the development聽
and distribution of the covet 19 vaccines and if聽聽
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you're interested in getting daily information聽
regarding this well you've come to the right聽聽
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place make sure you subscribe to the channel click聽
that bell notification so you get the latest and聽聽
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greatest information we know many of you have been聽
here and you subscribe to the channel from day one聽聽
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we appreciate that let's get started most of us聽
are glad to see our fellow citizens receiving聽聽
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their deposits so we're going to talk about how聽
and when you might be receiving your stimulus聽聽
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monies the irs is now pumping out stimulus checks聽
to millions of americans as part of that 1.9聽聽
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trillion dollar coveted relief plan eli moy joins聽
us right now she's got more on where things stand聽聽
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hi hi elon well good morning becky the stimulus聽
payments started showing up in bank accounts over聽聽
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the weekend and they'll continue to roll out over聽
the next few days in a letter to staff obtained聽聽
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by cnbc treasury secretary janet yellen forecast聽
that the money along with the rest of that 1.9聽聽
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trillion dollar covert relief package would end聽
up juicing the job market it said we are now聽聽
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charting a very different course out of聽
this crisis compared to the one a decade ago聽聽
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rather than a long slow recovery i expect we聽
could reach full employment by as soon as next聽聽
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year now the first stimulus payments will go to聽
those who have direct deposit set up with the irs聽聽
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paper checks will start going out by the end of聽
this month and some households would also receive聽聽
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prepaid debit cards instead now treasury started聽
testing that out in the first round of payments聽聽
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a year ago there's been a lot of concern about聽
some of the fees that unbanked households have聽聽
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to pay to access their money an analysis by the聽
brookings institution found that the costs range聽聽
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from about eight dollars to as much as 195 dollars聽
for a family of five but guys the challenge with聽聽
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the prepaid cards is that some people thought it聽
was a scam and they didn't activate it right away聽聽
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so officials say that the real card is a visa聽
that the envelope would prominently display聽聽
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the treasury department seal first of all we're聽
gonna talk about first second and third in line聽聽
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in regards to who's going to be receiving their聽
stimulus payment first individuals right out the聽聽
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gate as we've already seen that will be receiving聽
their stimulus payments are people that have聽聽
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already had their direct deposits set up with the聽
irs if you already have your direct deposit set聽聽
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up already then you don't have to do anything聽
the irs is saying that we'll take care of it聽聽
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now we're going to talk about those that if you聽
have to add dependents we're going to talk about聽聽
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that later in the video the irs says as many聽
individuals are starting to get notifications聽聽
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already that you can get your money this week聽
the second group of individuals that will receive聽聽
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their stimulus checks the fastest are you who are聽
on ssi ssdi railroad retirement representative聽聽
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payees means that you represent somebody that聽
may be receiving government funding as well as聽聽
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you veterans you individuals will not have to do聽
anything i repeat if you are one of these groups聽聽
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you don't have to do anything the government is聽
already accustomed to monthly sending money to you聽聽
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so you automatically know that you are already in聽
the system whether it be a check that you normally聽聽
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receive or whether it be a deposit the third tier聽
of individuals that's going to be receiving checks聽聽
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immediately but it may not be as fast as聽
direct deposit or those that are on ssi or sdi聽聽
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the mailing you individuals who either receive an聽
economic impact card the eip card or you received聽聽
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a paper check in the mail well as you know before聽
it like last time it took a while it won't take聽聽
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as long this time because they've streamlined聽
the process will realize guys how do you check聽聽
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your check is up to par well that is in the get my聽
payment tool i think the other big question that a聽聽
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lot of people have been having this week is when聽
is this money going to arrive you know president聽聽
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joe biden signed this into law last earlier this聽
month and last week the irs said they started to聽聽
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begin the process of sending the money out to聽
millions of american households um and what聽聽
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that process looks like is the irs has started聽
to inform banks hey we are going to be sending聽聽
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this money out so if you're a customer of a big聽
bank like jpmorgan bank of america wells fargo聽聽
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then you can expect to see that money um a lot of聽
fintechs and smaller financial firms have already聽聽
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started to just give the credit to the consumers聽
so once they got that notification from the irs聽聽
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saying hey this money is coming they went ahead聽
and just put the money into consumers accounts聽聽
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so that might be why you're seeing some of this聽
discrepancy between you know some people getting聽聽
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it and some people haven't gotten it yet but i聽
think it's really important to remember that for聽聽
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most big banks they've committed that as soon聽
as the money hits to their accounts they'll聽聽
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be forwarding it on to consumers dependence so聽
if you're like a teenager or an elderly parent聽聽
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living with your child and you're able to be聽
claimed as a dependent on someone else's taxes聽聽
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then you're actually not eligible however the聽
person who claims you would be getting an extra聽聽
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1400 stimulus payment the irs has said it's going聽
to take a couple more days just to get the get聽聽
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my payment tool up to date so who'll be able to聽
use to get my payment to individuals that already聽聽
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have direct deposit you'll be able to go in and聽
see what your date is in regards to when you聽聽
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should be receiving your deposit into your account聽
individuals that are on ssi ssdi retire railroad聽聽
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representative payees once again the irs already聽
knows by being in conjunction with the treasury聽聽
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department they know that you have money they'll聽
automatically come out so they'll send that money聽聽
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out to you as soon as possible also individuals聽
that were taxpayers you'll be able to go into the聽聽
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get my payment tool and be able to see what your聽
date is whenever the funds will be sent out to you聽聽
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or mailed out to you the next question in regards聽
to ssi and ssdi is this you do not have to report聽聽
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your funds of this stimulus as income to the聽
ssa the social security administration the irs聽聽
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has this information in their portal and it says聽
that you do not have to report this as income the聽聽
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next thing that it is for all of us it is tax free聽
those of you that live outside the united states聽聽
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remember when it comes to receiving your stimulus聽
you either have to have a bank account or you聽聽
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have to have a us mailing address for them to聽
mail that information to irs does not send mail聽聽
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outside of the country so realize that guys also聽
the last thing that i want to talk about is this聽聽
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the eip cards economic impact payment cards聽
individuals that receive those cards if you聽聽
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still have that card you can discard it because聽
right now they're going to be sending out new聽聽
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cards they are not going to be depositing onto聽
your old eip card i repeat they will not deposit聽聽
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onto the old cards it's almost like a gift card聽
you know how you can only use a gift card one time聽聽
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and once it's done it's done you can't get more聽
more put on a gift card so realize you're gonna聽聽
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receive a second card in the mail well once again聽
my name is andre i'm here to give you all facts聽聽
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no fake no phony and no fluff information聽
when it comes to these stimulus negotiations聽聽
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stimulus packages and stimulus checks as well as聽
the development and the distribution of the covet聽聽
[474]
19 vaccines if you're interested in getting this聽
information on a daily basis well you've come to聽聽
[480]
the right place make sure that you subscribe聽
to the channel click that bell notification so聽聽
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you can continue to get the latest and greatest聽
information once again guys we're celebrating聽聽
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1 000 individuals that will be able to just聽
subscribe to the channel we believe in you because聽聽
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you believe in us so therefore make sure you guys聽
subscribe today well i'm going to the comments聽聽
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section because you guys know andre is always in聽
the comment section and if i don't get a chance to聽聽
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see you there you don't see me there let's not聽
fret because you'll be seeing me again by yana
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