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supplemental security income and the 250.00 stimulus money

do we who recieve supplemental security income and are getting a stimulus pyment have to pay it back if we dont work and file income tax

Updated : May 1, 2009 by Guest


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Comments

children and stimulus

May 6, 2009 by Guest

I really don't understand why someone can not answer this question that seems to worry alot of persons. I know I would like to know. andy201999 @ yahoo.com

SSI and stimulus payment

May 1, 2009 by David Luhman

A couple of notes here.

First, the one-time economic recovery payment does not count as gross income for federal income tax purposes.

Second, the payment will not count as a resource in the month you receive it or the following 9 months. For example, if you receive the one-time payment in May 2009, it will not count as a resource from May 2009 through February 2010. If you still have this money in March 2010, it will count as a resource starting that month and may affect your eligibility for SSI.

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