| WASHINGTON- More than 50 million retirees can expect to receive $250 payments from the government in the next few weeks.
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It’s their share of the economic stimulus package enacted in February.
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The payments are part of the $787 billion package of spending and tax cuts enacted to help boost the economy. They will go to people who receive Social Security, Supplemental Security Income, railroad retirement or veteran’s disability benefits.
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The payments are meant for people who did not qualify for the new “Making Work Pay” tax credit that provides up to $400 to individuals and $800 to couples. Taxpayers who would otherwise qualify for both will have the $250 payments deducted from their tax credits.
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