Obama Stimulus Check

It’s the question on everybody’s lips. “Will I be getting an Obama Stimulus Check?”. Well read on and I will explain…

My research leads me to believe that as the proposed economic stimulus package has now been accepted, then some people will indeed get an Obama Stimulus Check, whilst others, will receive a stimulus check, however to call it an Obama Stimulus Check would not be strictly correct.

“What is he going on about?” I hear you ask. “Will I, or won’t I, be getting an Obama Stimulus Check?”. Well read on and I’ll explain what I’m talking about…

There are 2 classes of people who are entitled to a stimulus check. These are:

1. Senior citizens who are in receipt of social security. This class of person will receive an Obama Stimulus Check. And are the only true recipients of a stimulus check that could be considered as being from Obama, and this is because this payment relates to the stimulus package that has just been agreed by congress.
2. Those who didn’t receive a stimulus check last year and satisfy certain conditions. Although this class of people will receive a stimulus check, it is better described as a “Bush Stimulus Check” because the legislation was passed during the Bush Presidency.

I now hear you saying “Who cares whether it’s a Bush or an Obama stimulus check, what are the conditions referred to above and if I satisfy them, what do I need to do to get it?”.  Read on…

You are eligible for a stimulus check if you satisfy the following 3 criteria:

1. You or your family receive at least $3,000 from the combination of the following sources: Earned Income, Social Security benefits, Railroad Retirement benefits and Veterans Affairs benefits. Income from SSI (Supplemental Security Income) does not count as qualifying income for the stimulus check.
2. Neither you, nor any member of the family you have listed on your tax return, are a dependent or eligible to be a dependent on somebody else’s tax return.
3. Each member of your family included on your tax return, must have a valid Social Security number.

How much will I get? Well, if you qualify in class 1 above you will receive a $300 Obama Stimulus Check. If you qualify in class 2 then you are entitled to between $300 and $600 per adult and $300 for each child in your family. So a 2 parent, 2 child family will receive a stimulus check of between $1200 and $1800.

If you qualify for a payment, then to receive your stimulus check you must file a tax claim for the 2008 tax year.

If you do not qualify for a stimulus check then you may qualify for the 2009 recovery rebate credit which I will explain in my next post to the Obama Stimulus Check category. If you found this article intersting or helpful and wish to follow all posts relating to stimulus checks please bookmark this category. All the latest news will be published here.