AD Singleton & Co, CPA, Inc.'s Watch Your Wallet! A newsletter for clients and friends. May 2009 | Published by ADSCPA A collection of practical tax and financial tips, articles, and resources targeted to help you watch your wallet and keep what you earn. Subscribe

What is the economic recovery payment? The economic recovery payment is a one-time payment of $250 that will be made in 2009 to retirees, disabled individuals and Supplemental Security Income (SSI) recipients receiving benefits from the Social Security Administration, disabled veterans receiving benefits from the Department of Veterans Affairs and those receiving benefits from the Railroad Retirement Board.

How will this payment be made? Unlike payments made in 2008 under the economic stimulus payment program, the economic recovery payment will not require a special tax return and will not come from the IRS. Individuals who may qualify for this year's economic recovery payment should contact their respective agency for more information. The Social Security Administration's Web site has a special section on the economic recovery payment.