I feel your pain KaKampers...............same situation as us. Although I had to pay some taxes, my retirement income did not qualify either. Something is just wrong with this picture.
It's the government...it don't have to make sense. This year will be the first time since my 18th birthday that I have not worked. Gonna take some adjusting.
OK - I'm really confused (so whats new?). My sister and brother-in-law got $1,200 deposited to their bank account today and their income is totally from Social Security. My understanding was the original bill didn't include us but the one that eventually passed did.
Can anyone explain?
Hank
"Normally, Social Security benefits, certain Railroad Retirement benefits and veterans’ disability compensation, pension or survivors’ benefits received from the Department of Veterans Affairs are not subject to income tax. However, the economic stimulus law passed in February contains special provisions allowing recipients of these non-taxable benefits to count them toward the qualifying income requirement of $3,000 and thereby qualify for the stimulus payment."
Received ours last week and spent it all at Lowe's! We are so doing our share to improve the economy! //heartlandowners.org/images/icons/icon12.gif House should be finished this week and going on the market. Full timing after the Holiday weekend! Gotta love life, it's too short to worry about tomorrow!
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