Will social security recipients get a $1400 stimulus check

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Most read in money
Will lawmakers provide a fourth stimulus check?
COLA change in 2023
Will Social Security recipients get California stimulus?
Does SSI get Golden State Stimulus 2?
Will California get a stimulus check?

In this Feb. 11, 2005 file photo, trays of printed social security checks wait to be mailed from the U.S. Treasury's Financial Management services facility in Philadelphia. (AP Photo/Bradley C. Bower, File)AP

An influential non-partisan group that lobbies on behalf of senior citizens is continuing to push Congress for a fourth stimulus payment to benefit senior citizens.

The Senior Citizens League recently sent a letter to members of Congress urging them to consider a targeted stimulus designed to benefit Social Security recipients. The group is asking for a $1,400 payment.

“We’ve heard from thousands of them (seniors) who have exhausted their retirement savings, who have started eating just one meal a day, started cutting their pills in half because they can’t afford their prescription drugs, to list just a few of the drastic steps so many have had to take because of what inflation has done to them this year,” the letter from TSCL Chairman Rick Delaney said.

A $1,400 stimulus check for Social Security recipients, Delany noted, would be a way to get extra non-taxable income into the hands of senior citizens.

“We believe that a special stimulus for Social Security recipients could help defray the higher costs some would face if next year’s COLA bumps them into a higher tax bracket, causing higher tax rates on their income and surcharges to their Medicare Part B premiums,” he said.

Social Security recipients are set to receive a 5.9% monthly increase in 2022, the largest boost in almost 40 years. The average retired worker will see an increase of about $92 a month, but much of that is expected to be eaten away by inflation and increases in Medicare premiums.

So far three stimulus payments have been approved to help buffer the economic impact of the COVID pandemic. The first payment of $1,200 was sent in March 2020 followed by $600 checks in December 2020. In March 2021, payments of up to $1,400 were approved. Congress has not indicated it plans to pass a fourth stimulus check.

In addition to the letter, the League has launched an online petition to gather signatures to present to Congress. You can see that here.

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SOCIAL Security recipients have been hoping for a fourth stimulus check, but it is unlikely there will be one before the end of the year.

Recent inflation has taken a toll on many Americans, but the increased cost-of-living-adjustment for 2023 is a relief.

There's a push for a fourth stimulus payment to help those who rely on Social Security

A petition still circulates online trying to convince lawmakers to send senior citizens a fourth, $1,400 stimulus check.

Social Security and Supplemental Security Income (SSI) beneficiaries had been hoping Congress will consider a fourth stimulus check.

The Senior Citizens League, a non-partisan advocacy group, has been calling for the one-time $1,400 stimulus check for Social Security claimants, who are among the hardest hit by higher prices.

The group sent a letter to Congress last year, stating the cost-of-living adjustment, combined with inflation, will hit hard for many older Americans who are on a fixed income.

The proposal came after it was heard from many seniors who shared their hardships in the aftermath of the pandemic.

Shannon Benton with the Senior Citizens League previously told The Sun: "We have received hundreds of emails from people concerned about making ends meet.

"The high cost of living adjustment, for many, just exacerbated their financial woes by bumping their income above program limits to qualify for medicare savings programs and extra help."

And with inflation remaining high, the need for an injection of financial stimulus remains essential for millions of Americans.

The Senior Citizens League isn't the only one that is trying to get Congress's attention on the issue.

There's a petition on Change.org which has gotten more than 4.5million signatures.

It was started by a Denver restaurant owner.

It's asking Congress to provide monthly stimulus checks of $2,000 for adults and $1,000 for children for the "duration of the crisis".

Will lawmakers provide a fourth stimulus check?

Dozens of lawmakers have pushed for recurring stimulus payments, but any hope was sidelined when lawmakers focused on the Build Back Better agenda.

While a scaled-down version of it was signed into law by President Joe Biden in August, it did not include stimulus check.

Currently, no talks about stimulus money are on the table, so Social Security claimants should not expect to get a $1,400 check.

COLA change in 2023

In 2023, the Social Security Administration said the new COLA increase of 8.7 percent will kick in.

So depending on how much you typically receive each month in benefits, you'll see a considerable change.

For example, retirees who have been receiving $1,681 per month, which is the Social Security Administration's estimated average monthly Social Security benefits, will now get $140 more.

With the COLA increase, all retired workers who receive that average in benefits will now get $1,827 starting in January.

For a retired couple who are both receiving benefits, the average monthly check will increase from $2,734 to $2,972 in the new year.

The Social Security Administration looks at the cost of living and makes any necessary increases to Social Security benefits.

This practice has been going on since the 1950s to offset inflation for people living on a fixed income.

The COLA increase impacts at least 70million Americans.

Despite the increases each year, high inflation has lowered Social Security claimant's buying power by about 40 percent since 2000.

In other Social Security news, 33 states have bumped up Supplemental Security Income (SSI) so recipients will get payments of $841.

Plus, we explain how to get the most out of Social Security when you retire, including ways to boost your payments.

An individual who relies exclusively on social security or disability as their income, and therefore had a CA AGI or $0 in 2020, will receive $350 if they do not claim a dependent, or $700 if they have at least one dependent, according to the Franchise Tax Bureau. Couples filing jointly will receive even more.

Does SSI get Golden State Stimulus 2?

Social Security income is not included in CA AGI. However, if you have $1 or more of CA AGI (up to $75,000), you may qualify for GSS II. If Social Security is your only form of income, you will not receive a payment. However, some people who receive Social Security income may qualify because they receive other income.

Will California get a stimulus check?

Direct Deposit vs. Debit Card Stimulus Payments from California. If you filed your 2020 California tax return electronically and received a California tax refund by direct deposit, then you'll generally receive your stimulus payment by direct deposit, too.