10 MAR 2009
SALEM – President Obama has signed the American Recovery and Reinvestment Act of 2009. The Congressionally approved legislation includes tax-related provisions providing cash payments to certain veterans. The Economic Recovery Payment only will be paid by the Social Security Administration, Department of Veterans Affairs (VA) and the Railroad Retirement Board.
Disabled veterans that are in receipt of VA Compensation and Pension (C&P) will automatically receive a cash payment of $250. Economic Recovery one-time payments will be deposited to the account on file with VA and are expected to arrive during the summer.
Last year veterans and spouses received an economic stimulus payment. Unlike the last payment, no action is required on the part of the veteran to receive this economic recovery payment. Also, there is no additional amount allotted for spouses of veterans like the 2008 Economic Stimulus. For more information, please contact the federal VA at 800-827-1000.
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ECONOMIC STIMULUS AND RECOVERY DETAILS
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