Wednesday, March 11, 2009

$250 Checks Are Coming May 2009

The Economic Recovery Act requires SSA to make a one-time payment of $250 to Social Security and Supplemental Security Income beneficiaries. The check should arrive in May 2009. No action is necessary to receive the payment.

If you receive your benefit by mail, a check will be mailed. If you receive your benefits by direct deposit, the $250 will be direct deposited to your account.

If you receive SSI and SSDI, you will only get one payment of $250. These payments do not count as income for tax purposes. The payments also will be sent to retirees. If a husband and wife both receive retirement benefits, each of them will receive a $250 check.

DO NOT CONTACT SSA ABOUT THIS ONE TIME PAYMENT UNLESS IT IS JUNE AND YOU HAVE NOT RECEIVED YOUR PAYMENT. For more complete information on this one time payment, watch a short video.

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