Written by admin on November 16th, 2009
Currently at this time there is no 2010 Stimulus Check.
President Obama has recently gone to Congress to get them to approve a bill that will allow those on Social Security and Veterans to receive a $250 check similar to that of the 2009 Stimulus Check. At this time there is no official word on when or if these stimulus checks will go out. However it is likely that these checks will go out late spring / early summer in 2010 if and when they do happen.
For the rest of America that are currently employed. There more then likely won’t be a 2010 Stimulus Check because of the tax credit that has been set aside for everyone. Remember how you are paying ~$20/week less in taxes over the year as a Stimulus Check? That same amount will be deducted from January 1 to the end of the year, so it is possible that it will be more like $12-$15/week instead.
Stay tuned to this site for all your 2010 Stimulus Check updates.
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Written by admin on May 30th, 2009
In the recent stimulus package passed by President Obama earlier this year, otherwise known as the American Recovery and Reinvestment Act of 2009, Obama provided many forms of stimulus and stimulus checks to provide the economy. The only mentions of a 2009 stimulus check for the American public were in two places in the recently passed Stimulus bill.
The first is a 2009 stimulus check for those on social security incomes, military pensions and railroad pensions. This is a $250 2009 stimulus check that is a one time payment similar to the 2008 stimulus check that President Bush issued last year. To qualify for the 2009 stimulus check you had to have already been on social security by the end of 2008 to receive your 2009 stimulus check in May 2009. If you started your social security income January 1, 2009 or later you do not qualify for this years stimulus check. However if there is a 2010 stimulus check similar to how the 2009 stimulus check worked you would qualify next year for that stimulus check.
The second part of the 2009 stimulus check is a tax rebate that amounts to $400 if you are single or $800 if you are married over the course of 2009. Starting in April 2009 the government is lowering the taxes withheld from your paychecks to the amount of about about $20/week so that over the course of the year it would amount to $400 (or $800). This is the only 2009 stimulus check that is available to those that are working. The 2009 stimulus check is essentially a $400 check paid over the course of the year.
This 2009 stimulus check that is being paid out weekly via a tax rebate will be in effect for 2010 as well. The amount of the money making up the 2010 stimulus check on a weekly basis is less then this years $20/week because it is spread out over the course of the entire year instead of 8 months.
There is not a singular 2009 stimulus check for those on employment, it is split up into several incentives. President Obama provided the following ways to help those on unemployment through the 2009 stimulus package.
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Tags: 2009 Stimulus Check, Stimulus Package, Unemployment
Written by admin on May 30th, 2009
Stimulus Check is a term that first used during the 2008 year when President Bush sent out $600 Stimulus Checks to every man and women in American in hopes of stimulating the ailing economy. The 2008 stimulus check was sent out over the course of several months based on the recipients last 2 digits of their SSN. The stimulus check became popular because it was free money that the government was handing out to everyone. At this point the economy was showing signs of slowing down as the lay offs were continuing to mount. People were looking forward to their stimulus check that was supposed to be used to spend in retail stores to stimulate the economy, but many people used this stimulus check money to pay their bills.
In early 2009 people were wondering when there 2009 stimulus check was going to come and if they were going to get one and when. The stimulus check was once again being eyed as free money that was to be handed out to everyone to help cover their bills and expenses, not so much as the original purpose of the stimulus check in 2008 when President Bush designed the original stimulus check to stimulate the economy.
During late 2008 into 2009 what started with President Bush and later President Obama began to bail out many of the large corporations right and left. It was several billion here for this company then another similar amount for another. In Feb 2009 President Obama signed the $800 billion American Recovery and Reinvestment Act of 2009 into effect that provided stimulus funds for companies for bailouts and stimulus checks for retried and other tax benefits for those working. The large out cry from the American people about where is my stimulus check. Had the government taken that bailout money and given a single stimulus check to everyone, it could have amounted to several grand each. Instead President Obama sent out the 2009 stimulus check and other stimulus initiatives outlined by the 2009 stimulus act.
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Written by admin on May 28th, 2009
Will the American taxpayers receive a stimulus check for 2009? How will the mortgage modification program outlined work if and when some lenders refuse to cooperate with the stimulus package? Will there be any other sort of 2009 stimulus check given out this year? Will there be a 2010 stimulus check?
Only a small percentage of Americans will be eligible and benefit from the 2009 stimulus package for a stimulus check in 2009. Americans that are on social security and other retirement incomes will receive the 2009 stimulus check. All other Americans that are working will receive an increase on their paycheck in the form of of a tax credit totaling $400 for 2009, about $13 per paycheck. Those on unemployment benefits have a few benefits as well from the stimulus package.
The mortgage modification program does not apply to everyone nor is everyone qualified for the program. Those that do meet the requirements for buying their first house and in the certain time period that it is bought will get the benefits of the mortgage program.
This is the only stimulus check sent out in 2009 for those on retirement incomes. If you didn’t get one yet and you weren’t eligible to receive the one sent out you will not be receiving one.
As of this time there is no information on if there is a 2010 stimulus check or how it would work.
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Tags: 2010 stimulus check, My 2009 Stimulus Check, Social Security, Stimulus Check, Unemployment
Written by admin on February 12th, 2010
Currently there is talks of getting a 2010 stimulus check that would be similar to that of the 2009 stimulus check.
This 2010 Stimulus Check would be another $250 stimulus check sent out to those on social security, and military veterans that qualify. For those that are working, there is still a $400 yearly tax credit that is applied to the entire year, so instead of the $20/paycheck you saw for the half of 2009 it was active, it will be a bit less because it is being covered over the entire year of 2010.
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Written by admin on January 25th, 2010
Is there a Stimulus Check for 2009? When did the Stimulus Check 2009 come out? When will my 2009 stimulus check come?
Yes, there was a 2009 stimulus check for those that are seniors, retired, veterans. It was a $250 stimulus check that was sent out during the summer of 2009. If you qualified you automatically got it, as there was nothing you had to apply for.
If you think you should have got one but didn’t, contact either your social security dept., you military veterans dept, or the rail road retirees dept.
Stay tuned for the Stimulus Check 2010
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Tags: $250 stimulus check, 2009 Stimulus Check, 2010 stimulus check, stimulus check 2009, stimulus check 2010
Written by admin on January 19th, 2010
Stimulus check for 2010, when does it come out?
The 2010 stimulus check will probably come out the same time it did last year for the 2009 stimulus check in late spring / early summer. This will more then likely be a $250 stimulus check sent those that are retired on social security or are veterans from the military.
Everyone else still has the same stimulus benefits that are being carried over from 2009.
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Written by admin on January 18th, 2010
Stimulus Check Question: I’m interesting in applying for a stimulus check for my mother, who’s is 76yrs old and is currently on a fix income. So any money can help, What steps i need to do to obtain these funds?
Answer: The stimulus check isn’t something that you apply for, it is something that you either qualify for or you don’t. The 2009 stimulus check that were sent out last spring/summer were sent to those on social security (as of Jan 2009), military veterans and retired rail road workers. If your mother was in any of those categories, she should have received a stimulus check.
There are stipulations such as, if she was working (which may or may not apply to your mother) she would not get a $250 stimulus check, or else would have to pay it back, because she would be getting the higher amount tax credit taken out of each paycheck.
Going into 2010 there is possible word of a 2010 stimulus check again for those on social security, and possibly for the veterans. Those that are working are still getting the same tax credit on each paycheck to total $400-$600 over the coarse of the year.
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Written by admin on January 5th, 2010
There is a new federal stimulus program that began Jan 1, 2010 called Cash for Appliances.
This new stimulus program is similar to the Cash for Clunkers that ran throughout 2009 where you traded in your junker car for a new one with better gas mileage and reduced CO2 emissions.
The new Cash for Appliances program running in several states lets you trade in your appliances for a discount on a new one that is more energy efficient.
You can get up to $100 rebates on washing machines, $75 on a refrigerator and $50 for a room air conditioner. This rebate works on nearly any new energy star appliance in your household.
Check the new federal site for more information on Cash for Appliances
http://www.energysavers.gov/financial/70020.html
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Written by admin on January 5th, 2010
Do you have a question about your stimulus check? or about stimulus checks in general? or if we are going to get a 2010 stimulus check?
Leave your question below about your stimulus check question and one of our experts will begin posting answers to your questions.
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Written by admin on January 5th, 2010
In 2009, President Obama set some mighty high goals for his first year in office. To his credit, he hit most of them. The big winners were the multi billion dollar stimulus package, making progress for financial reform, lowering unemployment rates and dealing with terrorist threats.
Since this is a blog about the Stimulus Check, I won’t go over the points from the other achievements President Obama has made. The Stimulus Package that he signed into law shortly after coming into office created many opportunities and hope for businesses and individuals.
Not everyone can agree on how they see eye to eye on if what Obama did was the best, but it did work. He got money into the hands of most of the people who needed it most.
Most of the plans from the stimulus package about helping those that are currently employed remain in effect through 2010. For those currently not working and retired, there will more then likely be a 2010 stimulus check coming your way this spring/summer.
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Written by admin on December 8th, 2009
Today in Washington President Obama has called for a new round of stimulus spending for our country to help with the staggering economy. This new stimulus funding could total over $150 Billion Dollars to jolt the economy back on track.
These funds are primarily going to go be used for more road construction, new bridges, tax breaks for small businesses, tax breaks for energy efficient home upgrades and a 2010 stimulus check. All of these are aimed at getting money flowing, getting people employed and getting money in the hands of those that need it.
President Obama wants to give an additional $250 to seniors and veterans, similar to the 2009 stimulus check. This check would be handed out in a similar manner to those that received one this year, plus those that weren’t eligible this year that would be for next year’s stimulus check would also receive one.
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Posted in 2009 Stimulus Check, 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check | 4 Responses »
Tags: Second Stimulus Check, Stimulus Check, Stimulus Funding
Written by admin on November 13th, 2009
Earlier this month President Obama in front of congress suggested that they put together a plan that would send a second stimulus check to retirees and veterans. This check would be sent early next year in the form of a 2010 stimulus check.
This stimulus check would be sent out instead of a cost of living increase for retirees and veterans alike. Also a factor in the decision is that inflation has been negative as current recession that we’re in has been driving down prices of all goods in every market.
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Tags: Social Security, stimuls check, Veterans