Many individuals receiving governmental assistance will be receiving a $250 stimulus payment from the Federal Government as part of the American Recovery and Reinvestment Act of 2009 according to an Elder Law Answers blog post, which you can read here.
A questions that many Medicaid participants will have is whether this payment will counted as income and thereby place the Medicaid participant over the Michigan income limit. The answer to the question is no, additionally the amount will not be gross income for tax purposes.
-Christopher J. Berry, Esq.
Michigan Elder Law Lawyer | Michigan Medicaid Planning
A questions that many Medicaid participants will have is whether this payment will counted as income and thereby place the Medicaid participant over the Michigan income limit. The answer to the question is no, additionally the amount will not be gross income for tax purposes.
-Christopher J. Berry, Esq.
Michigan Elder Law Lawyer | Michigan Medicaid Planning
