Are we going to get a stimulus check this year for 2009?

Similar questions: stimulus check year 2009.

It looks like it will be either $500 or $1,000, depending on your circumstances - subject to change, of course. Congress is right now still working on this issue, and it won't be resolved until both Congress and the Senate pass a compromised bill. The provisions as they exist now:The recent stimulus package passed by congress (American Recovery and Reinvestment Act of 2009) has now had the finer details examined and it can now be confirmed that the only mention in the act that relates to a 2009 stimulus check is by way of a section describing a tax credit which will be the lower of $500 or 6.2% of the yearly income of a taxpayer.So any taxpayer who earns $3100 or more per year will receive a credit of $500.

If the taxpayer earns less than $3100 per year then the 2009 stimulus check will be 6.2% of the yearly income. For joint filers the maximum figure is $1000. If you qualify for a check then in order to receive it you need to file your taxes.

For this I recommend TaxAct who provide a free service along with their paid services and can get your refund in as little as 9 days. For more information click here. For those interested in studying the actual wording of the Act, they will find this in section 1001 of the American Recovery and Investment Act of 2009.

This section is titled “Making Work Pay Credit”. There is no actual mention of a 2009 stimulus check. One other hoped for stimulus was conspicuous by its absence from the stimulus package.

This was the possibility for penalty free access to retirement funds, be that a 401(k) or an IRA fund. It was hoped by many that in the case of hardship a withdrawal would have been possible without incurring a penalty. This approach was favored over the 2009 stimulus check proposal by many experts as this would have resulted in a stimulus to the economy without it being at the expense of the taxpayer.

Sources: http://www.ask.com/bar?q=stimulus+check+2009&page=1&qsrc=2417&zoom=When+Will+I+Receive+My+%3CKW%3EStimulus+Check%3C%2FKW%3E%7CGovernment+%3CKW%3EStimulus+Check%3C%2FKW%3E%7CEconomic+%3CKW%3EStimulus%3C%2FKW%3E+Package+in+Detail&ab=0&u=http%3A%2F%2Fwww.2009stimuluscheck.info%2F .

1 Probably not. The final bill has to be hammered out between the House and the Senate in committee, but both bills contain a $500/person ($1,000/couple) payroll tax cut. ("Payroll tax" are things like "FICA" (Social Security) and Medicare taxes, separate from your plain-old income tax, but you've been paying it via deductions from your paycheck.)It's not clear how they'll deliver that tax credit.

It may be that they just stop withholding it from your paychecks. Or they may give it to you in the form a credit to your tax return (though it's getting a little late for that, and next year's is too late.) In short, you probably won't be getting another check, though that could change.

Probably not. The final bill has to be hammered out between the House and the Senate in committee, but both bills contain a $500/person ($1,000/couple) payroll tax cut. ("Payroll tax" are things like "FICA" (Social Security) and Medicare taxes, separate from your plain-old income tax, but you've been paying it via deductions from your paycheck.)It's not clear how they'll deliver that tax credit.

It may be that they just stop withholding it from your paychecks. Or they may give it to you in the form a credit to your tax return (though it's getting a little late for that, and next year's is too late.) In short, you probably won't be getting another check, though that could change.

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