Don't Look a Gift (horse) In the Mouth!

Now, social security recipients will get extra money. Since social security is taxable ... what will happen come April15, 2010 when the tax return is due? This 'one-time' payment will become taxable.

Don’t dare send any money to the working people currently paying taxes though. Oh, i forgot ... $13 a week, which we'll owe tax on next year too. Same old story - Just take from them!

Why doesn't the government just keep the 250 and quit taxing social security. Some idea huh!

 

 

Social Security's Economic Recovery One-Time Payment [SS Recipients to Get $250]


Social Security Administration |http://www.ssa.gov/pressoffice/pr/recovery-payments-pr.htm

March 26, 2009


Vice President Joe Biden and Michael J. Astrue, Commissioner of Social Security, announced today that the federal government will send out $250 economic recovery payments to people who receive Social Security and Supplemental Security Income (SSI) benefits beginning in early May 2009 and continuing throughout the month. No action is required to get the payment, which will be sent separately from the person’s regular monthly payment.

"The Social Security Administration and Commissioner Astrue have been working closely with other federal agencies to get these payments out the door in record time and into the hands of folks who need it most," said Vice President Biden. "These are checks that will make a big difference in the lives of older Americans and people with disabilities - many of whom have been hit especially hard by the economic crisis that has swept across the country."

“We have been working diligently to issue the $250 one-time recovery payments as soon as possible,” Commissioner Astrue said. “The legislation requires extensive coordination with other federal agencies and I’m pleased we are on track to issue these recovery payments earlier than the statute requires. Soon more than $13 billion will be in the hands of more than 50 million Americans.”

The American Recovery and Reinvestment Act of 2009 provides for a one-time payment of $250 to adult Social Security beneficiaries, and to SSI recipients, except those receiving Medicaid in care facilities. To receive the payment the individual must be eligible for Social Security or SSI during the months of November 2008, December 2008 or January 2009.

The legislation also provides for a one-time payment to Veterans Affairs (VA) and Railroad Retirement Board (RRB) beneficiaries. The VA and RRB will be responsible for paying individuals under their respective programs. However, if someone receives Social Security and SSI, VA or RRB benefits, he or she will receive only one $250 payment. People getting Social Security or SSI should not contact the agency unless a payment is not received by June 4, 2009.

For more detailed information about the $250 one-time economic recovery payments, go to www.socialsecurity.gov/payment.

To learn more about the American Recovery and Reinvestment Act of 2009, go to www.recovery.gov.

Josie06 Josie06
56-60, F
7 Responses Mar 26, 2009

No ELFINSONG ... you thank God daily that America is going deeper in debt and our children and grandchildren will have to pay for it. NOT YOU!

I thank God daily that your party is no longer in office

i think it will not be as welcome next April when it will be taxed or treated as a credit against any tax you all owe ... and increases that bill.

My husband spent 40+years in the workforce, is now retired and on Social Security. <br />
<br />
I am sure he will be thrilled to recieve his $250.00 check. He will use that money to pay for his approx. $400.00 a month, out of pocket medication expenses, that is not covered by his Medicare insurance. <br />
<br />
WhooHoo Honey!!

we need to take the printer away from them. they have more than proven they have no clue what they are doing.

They (gov't) printed it! The printer is next to "TurboTax Timmy's" Geithner and "Helicopter Ben" Bernnake desk.

I know those on SS need the money what I don't agree with is using this to buy votes. It is just another way of getting some people more hooked on government money. There are those that really need this but there are also those that use it to keep from having to work. I know both kinds of people. I have yet to figure out how they were able to get the money to begin with. There are those that need it and can not get it.