My mother will be so happy.
Not that she didn't believe me, her perfect daughter (her words, not mine; really!), when I told her back in February that she and her friends would be getting some extra spending money thanks to the American Recovery and Reinvestment Act.
But, like her journalist daughter, my mom likes a little verification on important things like unexpected money from Uncle Sam.
SSA on the job: That assurance came yesterday when Mary Glenn-Croft, deputy commissioner of the Social Security Administration, told a Congressional hearing that the new law's payments to retirees would be delivered in May.
Along with Social Security beneficiaries, the $250-per-person payments will go to people who receive Supplemental Security Income, railroad retirement benefits or veteran's disability checks.
"Our extensive planning with the Department of the Treasury, the Railroad Retirement Board and the Department of Veterans Affairs will allow us to issue these payments to the more than 50 million eligible individuals during the month of May, three to six weeks before the statutory deadline," Glenn-Croft told the Ways and Means Committee's Subcommittee on Social Security.
"We will automatically mail the payments to them or deposit the payments into their bank accounts," she added.
Delivery process in place: That last bit of info regarding the payments' delivery is quite welcome.
Who'd a-thought that the federal government could do something so logical, having the money delivered by the agencies that are already sending those folks their regular benefit payments.That's so much better that the last time, when people who usually didn't have to file a tax return had to mess with extra paperwork to get the tax rebate.
I'm sure the IRS thinks so, too. Last summer, the agency was spending time and money to get the word out to retirees, not to mention processing a lot of returns that, for pure tax purposes, were unnecessary.
Making Work Pay for workers: As for those of us still working, we've already started getting the benefits of the Making Work Pay portion of the February stimulus law.
You have see a few extra bucks in your paychecks, right? If not, check with your payroll office.
The hubby's checks have the extra cash. However, as a self-employed worker, it's not doing me much good right now.
I thought about cutting back on my estimated tax payments, but decided to just go ahead with the "regular" quarterly payments. That should give us a little cushion in case we're surprised (I hope!) with some unexpected income this year.
There also are some other instances when the Making Work Pay tax credit could be problematic. Check them out in my previous post, Making Work Pay payroll considerations.
But Mom, all you have to do is keep checking your mail box. The check should soon be there.