When will I recieve my $250.00 stimulus check

By glblguy

stimulus-check

As part of the 2009 stimulus package, President Obama made sure that everyone was included. For people that work they receive tax credits, for people who don’t and receive Social Security, he included a one-time $250.00 stimulus check.  Stimulus payments are slated to go to people who receive Social Security, Supplemental Security Income, railroad retirement benefits or veteran’s benefits. The total to be distributed? Over 13 million dollars. The 52 million eligible recipients started receiving their stimulus checks in May 7 of this year (2009).

One catch that many of you may not be aware of is that checks will be distributed to some that are both receiving social security benefits AND working jobs that provide taxable income. In this case people you will receive both a $250 stimulus check and the tax credits via your paycheck. But here’s the catch, you can’t keep both. If you receive both the stimulus check and the tax credits, you’ll be required to deduct it from your tax credit next year when you file your returns for the 2009 tax year.

In cases like I just described, the stimulus check you may receive isn’t a “gift” as you might think think, but in fact a loan that you’ll have to payback at tax time next year.

When will I receive my stimulus check?

If you are in fact entitled to a $250.00 stimulus check, there is nothing you need to do to “apply”. Checks will be automatically sent to qualified citizens. If you haven’t received your check by June 4th, 2009 and you are confident you qualify, contact Social Security. Be aware that you will receive your payment the same way you currently receive your Social Security or Supplemental Security Income (SSI) benefit. If your monthly benefit is by check, Social Security will deliver your one-time payment by check. If you receive your benefits via direct deposit or Direct Express debit card, you will receive your one-time payment the same way.

Wait! I have more questions

I’m sure some of you are in unique situations and may have very specific questions. If so, please visit the Social Security Administration FAQ page. They have provided answers to many unique situations.

Wishing you could get these types of payments more often?

Instead of relying on the government to provide you with an economic stimulus, consider creating your own economic stimulus check. Here’s how:

  • Get paid to read email by signing up for MyPoints. MyPoints is really easy. You receive a few emails each day and by clicking through on the emails or by completing the survey’s sent to you you are given points. Points can be exchanged for gift cards from places like Gap, Amazon.com, Best Buy, Overstock, Barnes & Noble and a ton of other retailers. Read more about how to earn points with MyPoints in my saving money with points article.
  • Earn points by completing surveys on MySurvey.com. Points can later be redeemed for cash or merchandise. Read about my experience with getting paid to take surveys.
  • Get paid to complete offers by using CashCrate. Simply complete free offers and get paid, simple as that.

Photo by: javYliz


4 Responses (including trackbacks) to “When will I recieve my $250.00 stimulus check”

  1. Claudia Says:

    Are you benefitting financially to promote MyPoints or MySurveys? Just curious. I’ve tried the surveys and you get $2 or $3 per survey, if you qualify. Half the time, I don’t qualify fo rthe surveys, but you learn tht until you’ve had to answer a half dozen questions anyway.

    It’s hardly a viable way to earn money. People who are serious about reducing their debt or increasing savings would be better off, say, increasing the deductible on their homeowner’s or car insurance rather than wasting time with piddly surveys.Or getting a second job or any number of other things, but these silly little surveys aren’t worth the time people put into them.

  2. glblguy Says:

    Hi Claudia, I do but not much. I get some points when people sign-up for MySurveys and Cashcrate. I think I might get $2 for a Mypoints sign-up.

    BUT, with that said that isn’t why I promote them, there are other significantly higher paying affiliate programs ($50+ per sign-up) I could promote instead. I agree, it’s not a viable way to earn money, at least for a living, but it is a viable way to earn some extra cash. Personally, I only do MyPoints and every so often a survey and Cashcrate offers. I would rather devote my time to writing here on GLBL and make money that way. With that said though, a number of my readers her on GLBL have very positive things to say about all of these programs and use them often to make money. Due to children or other situations that keep people from being able to work other jobs, these are in fact a viable alternative to make some additional money. I agree with your points about reducing deductibles, cutting cable and other items have a larger impact. I also write about those in my Money Saving Monday series.

    While you may think they are piddly, others find it a great way to grow their wealth “little by little”. To each their own, as some things that don’t work well for some in fact work very well for others. I like to offer various alternatives, with Mypoints, MySurveys, Cashcrate, etc just being a few of the options.

    Thanks for your direct and honest comment Claudia, I do appreciate it. I’d love to see some of you that use these programs more frequently than I, chime in with your thoughts on Claudia’s opinion they are “piddly”. I think that would make for a very good discussion and read for others. I’m guessing too, just based on previous emails and comments that many of you will disagree :-)

  3. dramon Says:

    I have to say that when social security will go broke before many of us who have paid into our entire lives, I have a real issue with providing ‘stimulus’ money like this. I would prefer we had a real long term plan to make sure that all of us who have funded the system for 50 years get something in return.

  4. RICHARD Says:

    Anyone who gets excited about a check for $250.00 is a twit.
    The Washington knuckleheads are trying to buy your vote… with your
    own tax money…
    WE THE PEOPLE are being misled and our rights
    are being trampled on…No…I’m not bitter but open your eyes people… Maybe you can but a nice pair of glasses with your
    whopping $250.00…LOL

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