2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

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2009 Stimulus Check

Saturday, 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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Posted in 2009 Stimulus Check, Obama, Stimulus Check, Stimulus Package, Unemployment | 77 Responses »

Will the american taxpayers receive a stimulus check for 2009?

Thursday, 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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Posted in 2009 Stimulus Check, Obama, Stimulus Check, Stimulus Package | 27 Responses »

Unemployed workers seeing Stimulus tax relief

Tuesday, May 12th, 2009

Starting in May 2009 unemployed workers that have been laid off in either 2009 or through mid 2010 will see an increase in their weekly unemployment checks due to the 2009 stimulus package.

The federal stimulus package signed into law by President Obama allocated money to increase the unemployment benifits of everyone in the America durning these tough economic times by increasing the weekly pay by $25/week.  

This extra money will help workers get through until they are able to find a new job and resume work.

Posted in Obama, Stimulus | 8 Responses »