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News EssentialsThe Newsroom TopicsIRS Resources | Issue Number: IR-2020-121Inside This IssueIRS alert: Economic Impact Payments belong to recipient, not nursing homes or care facilities WASHINGTON – The Internal Revenue Service today alerted nursing home and other care facilities that Economic Impact Payments (EIPs) generally belong to the recipients, not the organizations providing the care. The payments are intended for the recipients, even if a nursing home or other facility or provider receives the person's payment, either directly or indirectly by direct deposit or check. These payments do not count as a resource for purposes of determining eligibility for Medicaid and other federal programs for a period of 12 months from receipt. They also do not count as income in determining eligibility for these programs. The IRS also noted the Economic Impact Payments do not count as resources that have to be turned over by benefit recipients, such as residents of nursing homes whose care is provided for by Medicaid. The Economic Impact Payment is considered an advance refund for 2020 taxes, so it is considered a tax refund for benefits purposes. Additional information on EIPs can be found at www.irs.gov/eipfaq.
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Tuesday, June 16, 2020
IR-2020-121: IRS alert: Economic Impact Payments belong to recipient, not nursing homes or care facilities
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