Skip to content
Home » Forums » Public Social Security Forums » Income Taxes and Social Security

$250 stimulus payment

May 10, 2009 by Guest

If I receive a Social Security Check and also have taxable wages, will I have to pay the $250.00 back at tax time next year?

I will have to pay back the $250 stimulus as I have no earned income for 2009 ›

Comments

$250 stimulus payment and taxes

May 11, 2009 by admin

Note the $250 stimulus payment for 2009 is not countable as taxable income. You don't mention what type of benefit you receive (retirement, survivors, SSI). If you receive retirement benefits, work, and are younger than your full-retirement age, your Social Security retirement benefits will be reduced.

This reduction in retirement benefits for working before full-retirement age is standard, and has nothing to do with the stimulus payment.

See here for details :
http://www.ssa.gov/pubs/10069.html

stimulis payment

May 11, 2009 by luckelade

I received a letter stating that I would receive a $250.00 one time stimulus payment by May 1, 2009, if not received contact you. When can I expect the payment? I am concerned that it may be lost in the mail. Please advise.

You should receive stimulus payment by June 4, 2009

May 11, 2009 by admin

SSA plans to pay all eligible Social Security and Supplemental Security Income (SSI) beneficiaries by the end May 2009. You don't need to do anything to receive this payment. Social Security does not need to contact you to request information. SSA requests that you not contact them about your payment unless you do not receive it by June 4, 2009.

250.00 payment

May 12, 2009 by Guest

when should i contact my bank for the payment?

User Login