- Days left

IRS has no information on missing stimulus checks

stimulus checksAfter the popular "stimulus checks" issued as part of efforts to jump start the economy in 2001 and 2008, many taxpayers were again looking forward to a check in 2009. This year, however, checks weren't in the cards for most Americans.

Most of the taxpayer relief for American Recovery and Reinvestment Act of 2009 (ARRA) focused on the Making Work Pay credit. The Making Work Pay credit allows up to $400 per individual worker and $800 per working married couple and is figured on your tax return. Those who did not work during the year are not eligible for the credit.


The Making Work Pay credit did not provide for the retired and disabled. As a result, Congress included the Economic Recovery Payment (ERP). The payment, which has been referred to as a "stimulus check," is only available to:
  • Retirees, disabled individuals, and Supplemental Security Income (SSI) recipients receiving benefits from the Social Security Administration;
  • Disabled veterans receiving benefits from the U.S. Department of Veterans Affairs; or
  • Railroad Retirement beneficiaries.
Those who meet the criteria should have received a one-time check in the amount of $250 during 2009 directly from the agency that normally provides their benefits. This means checks would have been mailed from the Social Security Administration, the Veterans Administration or the Railroad Retirement Board.

No action was required on your part during 2009 to receive this payment. For the most part, individuals who were eligible for Social Security disabled or retirement benefits, Railroad retirement benefits, or Veterans benefit in November 2008, December 2008, or January 2009 were eligible to receive the special payment. Most checks were mailed out in May and June 2009.

If you believe you were eligible and did not receive your check, you'll need to contact the respective agency. Contact information for those agencies is as follows:
  • Social Security Administration: Web site; 800-722-1213
  • Veterans Administration: Web site; 800-827-1000
  • Railroad Retirement Board: Web site; 877-772-5772
Do not contact the IRS about your check. It's important to note that the check would not have been issued by the IRS. The IRS will not investigate the status of your check for you and will, instead, refer you to the agency responsible for issuing your check.

The IRS does have an interest in your check, however. In the event you are eligible for both the Economy Recovery Payment and the Making Work Pay Credit, the amount of your credit must be reduced by the amount of any check you received. You'll report the amount you have already received on Schedule M of your form 1040.

If you file a return indicating to the IRS that you're eligible for the entire credit and you did, in fact, receive a check, your return will not be processed. If you e-file your return and erroneously claim the full credit without noting that you received your check, your return will be bounced. This will delay any refund you might be owed, so be sure to check your records before completing your tax return.

Increase your money and finance knowledge from home

Economics 101

Intro to economics. But fun.

View Course »

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

TurboTax Articles

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty, how to claim an exemption on your tax return and how the Affordable Care Act may affect your taxes with this video from TurboTax.

What Is Schedule H: Household Employment Taxes

If you hire people to do work around your house on a regular basis, they might be considered household employees. Being an employer comes with some responsibilities for paying and reporting employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain threshold amounts specified by federal tax law.

Taxable Income vs. Nontaxable Income: What You Should Know

Knowing what to claim as taxable and nontaxable income can reduce your tax liability. Income can be acquired in many forms, including wages, salaries, interest, tips and commissions. ?Consider all money that increases your wealth as taxable,? advises accountant Caroline Thompson. ?There is very little that is nontaxable. The government specifically lists anything that is not taxable and the circumstances that must exist or occur for it to be non-taxed income,? she adds.

What Are the Tax Penalties for Smokers?

Starting in 2014, the Individual Shared Responsibility provision of the Affordable Care Act made you responsible for having minimum essential coverage, or MEC, in health insurance. Otherwise, you need to be eligible for a health care exemption, or you could pay a penalty when filing your income tax return. This requirement for minimum essential coverage applies to smokers and nonsmokers alike. If you?re not covered by an employer's health plan and are a smoker, you can go to the health care marketplace to find MEC. If you?re still unable to comply, you may have a penalty applied.

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
jhon.morinho

A reverse mortgage is a loan that enables senior homeowners, ages 62 and older to convert part of their home equity into tax-free income .



http://www.reversemortgagelendersdirect.com/reverse-mortgage-loan/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-rates/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-information/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-vs-annuities/
http://www.reversemortgagelendersdirect.com/washington-dc-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/misconceptions-reverse-mortgages/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-who-owns-the-home/

June 19 2013 at 8:11 AM Report abuse rate up rate down Reply