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So how does this work? Do I need to file anything to get my check? Technically, the checks are advances of a new, temporary credit for 2020. It will not affect your “normal” refund in 2020, nor how much you owe. Since we haven’t filed for 2020 yet, the IRS will “advance” your check based on your most recently filed tax return (2018 or 2019 tax return). If you haven’t filed a tax return, and your income is from Social Security benefits, the bill allows Treasury to use the information on your 2019 Form SSA-1099, Social Security Benefit Statement, Form RRB-1099, Social Security Equivalent Benefit Statement (after some initial confusion, this was confirmed by the Treasury and IRS).
Also from Forbes
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