2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

November, 2009

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2010 Stimulus Check

Monday, 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.

Posted in 2010 stimulus check, Second Stimulus Check, Stimulus Check | 77 Responses »

Obama Seeks $250 Check For Retirees And Veterans

Friday, 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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Posted in 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check | 9 Responses »

Do you have to payback the stimulus check?

Tuesday, November 10th, 2009

The stimulus check is not something that you need to pay back to the government like a loan, nor do you need to pay taxes on it come tax time in April.  The stimulus check is considered free money for you to do with as you please.  The main reason for it was that you would spend it in hopes of stimulating the economy, hence the name, stimulus check.

To repeat, you do not have to pay back the stimulus money that you received during the year.

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Posted in 2009 Stimulus Check, Stimulus, Stimulus Check | 4 Responses »

Is there going to be a second stimulus check?

Tuesday, November 10th, 2009

In 2008 there was no second 2008 stimulus check.  So far that looks like the same thing is going to happen again in 2009.  There are currently no plans of talks for a second 2009 stimulus check.

A couple weeks ago, there were some rumors going around that a second stimulus check might be in the fold, but nothing came of it.

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Posted in 2009 Stimulus Check, 2010 stimulus check, Second Stimulus Check, Stimulus Check | 4 Responses »

Is the Social Security Stimulus Check taxable for 2009?

Monday, November 9th, 2009

The social Security stimulus checks that were sent out this year are not taxable and are not considered taxable income.  The money that you received this year in the form of a stimulus check is something that you are meant to spend on things, or catch up on bills, not something to be taxed on and paid back later to the IRS.

That is the benefit of stimulus checks, untaxed income to be used however you like.

Posted in 2009 Stimulus Check, Stimulus Check | No Responses »

Will the IRS take money for the 2008 stimulus check received on the 2009 tax return?

Monday, November 9th, 2009

When you receive money from the IRS in the form of a stimulus check, it is not considered taxable income, it is free money that is meant to be spent by you to stimulate the economy.  Yes, you may have to declare on your income tax form that you received a stimulus check and for how much, but it is not something that you will need to pay taxes on.

Posted in 2009 Stimulus Check, Stimulus Check | 1 Response »