The IRS began issuing the third round of Economic Impact Payments (EIPs), which aim to support Americans and provide some financial relief. Many people will receive the third payment the same way they received the first and second EIPs. Because these payments are automatic for most eligible people, there’s no need to contact financial institutions or the IRS. People can check the
Get My Payment tool on the IRS' website for the status of their third stimulus payment.
It is important to note that previous EIP requirements also apply to the EIPs in the most recent stimulus package. If you or someone you know serves as a representative payee for a Social Security or Supplemental Security Income (SSI) beneficiary, that designee is only responsible for managing Social Security or SSI benefits. The EIP is not an SSA benefit, and it belongs to the beneficiary. Representative payees should discuss the payment with the beneficiary whenever possible. If the beneficiary requests access to the funds, they representative payee is obligated to provide it.
More
details about the third round of EIPs are available on the IRS's website. AHCA/NCAL also recorded a
webinar in 2020 focused on EIPs from the IRS and important facts for skilled nursing facilities, ICFs/IID, and assisted living centers to know about the use of them. A variety of resources ranging from the Social Security Administration to the National Center on Elder Law and Rights are also available at the end of the webinar.