President Obama has recently announced that there will be a one-time $250 stimulus check in 2010 to recipients of Social Security. This bonus check is part of of his ongoing effort to stimulate the economy out of recession. Please note that Congress has yet to approve this bill.
[Edit – This check was supposed to have been paid out in the first quarter of 2010. Given that the first quarter just ended and there is no check it looks like this issue is dead and there will be no $250 stimulus check in 2010.]
Who is eligible for the $250 stimulus check in 2010?
Anyone who is currently receiving Social Security (SS) payments will be eligible for the $250 check. There are also some other groups who will receive this check including SSI and disabled veterans.
[update – find out about the new $250 stimulus check in 2010 for SSI recipients]
Will Social Security Payments Get Paid If US Defaults On Its Debt?
When will the $250 checks be paid out?
It is not known at this time when the payments will be made but it is likely that they will be paid in the first quarter of 2010 (ie before the end of March).
Is there any income limit for the $250 payment?
No, it doesn’t matter if you have other income or if you are working or not. It doesn’t matter how much income you make – you will still get the check.
How much will this cost the government?
According to White house officials, the cost of all the stimulus checks will be $13 billion. A large amount of money but don’t forget that the stimulus package for 2009 was almost $800 billion.
Why is the government doing this?
The government is giving out this money in order to try to stimulate the economy. Because of problems in the financial markets and housing markets over the last 2 years, there has been a slowdown in economic activity in America and many job losses. By putting extra money into the economy it is hoped that the decline of the economy can be slowed down or even reversed.
Will there be a Social Security raise this year?
No, in fact part of the reason the $250 bonus check was created was to make up for the fact that there is no cost of living raise in Social Security payments this year.
Will it be a check or electronic payment?
The $250 should be given to you in the same format you currently receive your regular Social Security payment. If you get your SS payment by check then the $250 will also be by check. If you get your SS payment deposited in to your bank account then the $250 will also be deposited into your bank account.
More information on Social Security
Social Security provides the average retiree with a monthly check of about $1,150. The program provides 40 percent of all income received by elderly people in the United States; one in five older married couples and two in five older single people rely on it for at least 90 percent of their income.
Will there be a stimulus check in 2011?
Social Security Stimulus Check 2010 – FAQ
$250 stimulus check – should it be more?
Will there be a $250 stimulus check in 2011 for Social Security Recipients?
Will there be a $250 stimulus check in 2011 for SSI Recipients?
567 replies on “$250 stimulus check in 2010 for Social Security Recipients”
I need that money just as bad as yall need it. It will get here in all due time. My son dont have that much and with them cutting food stamps isnt easy either….
THE GAMES ARE ALMOST OVER I CANT WAIT TO SEE WHATS GOING TO HAPPEN.
they denied the 25o yesterday the 7 of December they turned it down big time witch sucks were on food stamps only getting a lousy 16 for two people how can two people live on 16 dollars we got ssi papers saying it will remain the same next year as well this sucks
If they turned it down it would be on news and it would be on http://www.ssa.gov website which it isnt. it would be on usa.gov or govtrack.com website which it is not either. I called my senator and they mentioned also that they didnt vote on that yet
they did turn it down its was on cnn news earlier today dude im telling u the truth it was at the bottom the senate house voted it down there gonna try it again that not major news so it wount be an subject its not like someone got killed its mnot a goverment issue they did turn it down thow
this confusing my local news said they failed it but the website says they passed it local county clerks office at 1032 am http://clerk.house.gov/floorsummary/floor.html?day=20101202&today=20101207
OK i was missed informed i called my friend dad that works at local news station they haven’t voted on it yet witch means they blocked it out that means they have turned it down nor passed yet but the blocked it so they probleay wont re-vote on in tel next year so yeah this sucks the reason why they did this because we got a check already almost two years ago
ANYTHING that has to do with social security stuff small or major THEY STILL HAVE TO POST IT ON WEBSITES MENTIONED ABOVE. AND PEOPLE WOULD HAVE GOTTEN LETTERS THAT SAY THAT ALSO……
[Update Dec 2010 – No $250 SSI Payment in 2010] Congress officially nixed a one-time payment of $250 in 2010 to Social Security recipients who haven’t received cost of living adjustments (COLA) since 2008. The cancellation of a $250 SSI payment in 2010 was justified on the basis of low inflation (see update below). But many seniors are feeling the pinch of inflation, especially around medical services — a big-ticket item for seniors. Many believe that the $250 payment would have been a good economic stimulus payment, since there’s a good chance that most of the $250 would be spent immediately.
While many seniors could easily survive without the $250, there are also millions of seniors who are struggling to make ends meet (just see the comments below in response to this article), particularly if they have high medical or disability costs. Congress really should have found a way to provide the $250 SSI payment to those seniors who truly need the money, instead of tax cuts for the super-rich
congress is the sole problem in our country of america, they could care less about the struggling people, they rule what ever they say goes.. and for the people that dont believe that well they have no common sense.as the old saying goes the rich get richer and the poor gets poorer. as long as congress has what they want its perfectly fine with them if we all have nothing.
THEY DONT CARE ABOUT THE POOR BUT THE OLD SAYIN IS WHAT GOES AROUND COME RIGHT ON BACK AROUND. AN IN THE BILBLE STATES THOSE WHO ARE IN THE FRONT ARE GOING TO THE BACK AN THOSE IN THE BACK IS COMIN TO THE FRONT SO DONT WORRIED GOD DONT COME WHEN YOU WANT BUT HIS ALWAYS ON TIME.
Please show me where it says that we aint getting nothing. Once again if something like that happened it would be on govtrack http://www.ssa.gov its not on none of the sites. Its not even on congress’s website.It would b on Social Securitys website.
My girlfriend got one check amount of $250 on December of 2010 Due to her disabilty back in 2007 and 2008. Now she working and when she did her tax this year, IRS took the $250 back. They said she did’t report.
It’s a loan for working people. 2010 +$250 2011 -$250=$0 Check with your tax prep.
It’s funny that this website has the question “how much is this going to cost the government?” As if the government is an entity that is not comprised of the taxpayer, but is instead a magic money machine that produces dollars with no effect on the citizens of this country. I’m writing this in January 2011. My mother’s pension was raised $33., due to the federal taxes which are now repaying the BRILLIANT Stimulus Payment, she not only did not get an increase, but a decrease. I didn’t vote for the guy. I voted for the veteran who has a birth certificate and who has ALWAYS loved this country.
Does anyone know for shure if we are getting that big one time ssi stimuls payment . I’ve been all over the internet . Can anybody help . May 17 2011
are we getting a stimulus check like last year? how much of a raise will there be in social security for next year?
I got on ssi right after everyone received their stimulus checks for $250. I was backpaid upon approval, therefore I did qualify for the $250 but did not request one because I had not yet known that I would be approved. My question is, do I still qualify and is it too late to request it? Was it only a one time deal? Please help!