That 250.00 stimulus check I got..is it taxable???

[dixiegrrrrl]

[Recursion]

1. It's a payday loan

It's taken out of next year's refund.

[masuki bance]

2. Don't worry, just use TurboTax.

*wink*

[CatWoman]

3. is everyone supposed to get this payment?

[shireen]

4. i'd like to know too ...

i could use a financial stimulus ... :(

[MineralMan]

5. Just us Social Security geezers, I think.

Mine came the other day, direct deposit. I applied it to a credit card bill.

[DJ13]

6. I dont think so

SS isnt taxed, so the $250 shouldnt be either.

[DesertFlower]

7. if you make more than a certain amount it is.

because of hubby's income i've always had to pay tax on my SS. i'm sure the $250 will be taxable.

[madfloridian]

8. Yes, Social Security is taxed.

If you have other income for which you have worked for many years, like a pension or like dividends...then they tax Social Security according to a formula.

It is not pretty when it happens as it has already been taxed once in your paychecks.

I think it was the brainchild of Democrats to do that double taxing.

[kdmorris]

9. Looks like it was Alan Greenspan's brainchild

initially, the 50% was signed into law under Ronald Reagan, based on the recommendations of Alan Greenspan's commission. In 1993, it was amended for a secondary threshold and signed into law by Clinton. So, everyone had a hand in the pie, so to speak, but Alan Greenspan was the "father".

http://www.ssa.gov/history/taxationofbenefits.html

[dixiegrrrrl]

10. ty for the replies....I don't make enough for taxes, so i am ok.