Thursday, September 25, 2008

Stimulus Payments For Veterans,Social Security,Railroad Retirement

For people who have no tax liability and who have no requirement to file a tax return because their income is too low or nontaxable there is a stimulus payment of up to $300 ($600 for married couples) plus the $300 payment for each qualifying child. However, people in this situation must have at least $3,000 in qualifying income from earned income, nontaxable combat pay as well as certain benefits from Social Security, Veterans Affairs and Railroad Retirement.

Qualifying income from Social Security includes retirement, disability and survivor benefits. Supplemental Security Income is not a qualifying income.
Qualifying income from Veterans Affairs includes disability compensation, disability pension and survivor benefits. Qualifying Railroad Retirement Board benefits include the social security equivalent portion of Tier I benefits.

Also, those who are dependents or eligible to be dependents on another’s tax return are not eligible. People must have a valid Social Security Number unless their spouse is a member of the military.


Crutch said...

I don't understand why spouses were not included in the social security stimulus payment this year. I get disability social security and last year my wife and I got the $ 600 stimulus payment by submitting 1040 to IRS. This year I will get the $ 250 stimulus payment from social security but my wife gets nothing as she isn't on social security yet. I understand one came from the IRS and this one doesn't but the reasoning doesn't make sense.

csagrp said...

Railroad retirement disability benefits offered for locomotive engineers who participated in the Wage/Rules portion of the National Agreement dated December 16, 2003 at CSAGRP