Question: Will the $250 2009 stimulus check have to be paid back?
Answer: It depends. But mostly likely no, you do not have to pay back the $250 2009 stimulus check that you received this year as part of the 2009 stimulus package.
Instead of explaining why you would not have to pay back the 2009 stimulus check it is easier to explain why you would have to pay it back to the government.
There are currently 2 ways that you would have to pay back the 2009 stimulus check that you received in the mail or via direct deposit.
- If you are on social security and receiving social security income and received a $250 stimulus check because of that AND are also working at a job you will have to pay back the $250 stimulus check. By working at your job you will be eligible for the $400 tax rebate that is adding additional funds to your paycheck each week. Since you can’t double dip, you will have to repay the $250 come tax time in April 2010.
- If you are on social security receiving a check like the first point AND also received a military pension or other form of military check each month AND received a $250 stimulus check from both sources, you will have to pay back one of the $250 stimlus checks. The military went through the records and tried to exclude anyone already in this category from receiving a second stimulus check in 2009. It is possible that not every had their 2nd stimulus check not sent out.
Those are the two reasons why you would have to pay back your $250 2009 stimlus check. For all other reasons that you received a stimulus check you will not have to repay it. Though you might have to report it as income when you file your 2009 taxes for April 2010.
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