When will I recieve my $250.00 stimulus check

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).

When will I get my economic stimulus rebate check?

Happy Polar Bear
Happy Polar Bear by: Jeff KubinaHe must be getting his check on May 2nd!

The IRS recently announced the payment schedule for the economic stimulus payment schedule. So for those of you wondering when you’ll be receiving your checks, wonder no more. Payments will start being sent out on May 2. If you filed early and elected to receive direct deposit, you’ll be one of the first to receive your rebate check.

Here’s the full schedule from the IRS:

Direct Deposit

Last two SSN digits: Payment will be transmitted:
00 through 20 May 2

Is the economic stimulus package a loan?

IRS
Photo by: saturnism

My wife is involved in a few “mommies” forums on the internet and ran across a discussion about the upcoming economic stimulus package. Many of the ladies were saying it was a loan and not really a rebate at all. I had read/heard similar things while browsing the internet as well. Before I answer the question, let’s understand a little more about the package and it’s intent:

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