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Time of India
11 minutes ago
- Time of India
IRS Stimulus Checks Update: No new $1,390 payout this August, here's what taxpayers should know — Fact Check
Several reports circulating online claim that the IRS has approved $1,390 stimulus checks for eligible households to be distributed later this summer, describing them as tax-free payments aimed at supporting low- and middle-income families. However, these claims are false. Tired of too many ads? Remove Ads Rumors of IRS Stimulus Checks Go Viral No new IRS Stimulus Checks Approved for 2025 Tired of too many ads? Remove Ads The Legislation That Never Passed How Past Stimulus Checks Were Authorized 2008: The Economic Stimulus Act authorized direct payments during the Great Recession. The Economic Stimulus Act authorized direct payments during the Great Recession. 2020–2021: Three major pieces of legislation, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the COVID-related Tax Relief Act, and the American Rescue Plan Act, enabled direct payments during the COVID-19 pandemic. Recovery Rebate Credits Causing Confusion Treasury's Role in Past Stimulus Tired of too many ads? Remove Ads Why the Misinformation Spread Could More Stimulus Come? FAQs Has the IRS approved new stimulus checks for summer 2025? What is the latest IRS stimulus checks update? Rumors circulating online about new Internal Revenue Service (IRS) stimulus checks being issued this summer have been declared false by officials. Claims that taxpayers would soon receive $1,390 stimulus checks are not backed by any legislation or IRS confirmation. According to a fact-check report by The Associated Press, there is no new stimulus payment scheduled for distribution in the coming confusion stems from social media posts and misleading reports suggesting that the IRS had approved additional rounds of payments for low- and middle-income Americans. However, IRS officials have confirmed that no new economic impact payments are planned unless Congress passes fresh legislation, as mentioned in a report by Friday, several viral posts claimed that the IRS had approved $1,390 stimulus checks, sparking widespread speculation. The posts suggested the funds would reach taxpayers by the end of the these claims were swiftly refuted. The IRS clarified that any new round of economic impact payments, commonly known as stimulus checks, must be authorized through legislation. Neither the Senate nor the House has passed such a confirmed that there is no new IRS stimulus check update for 2025. Stimulus checks are not issued solely at the discretion of the IRS or the Treasury Department. They require Congressional approval, followed by Treasury's of the speculation appears linked to a proposal by Republican Senator Josh Hawley of Missouri. In July, he introduced the American Worker Rebate Act, which aimed to provide rebates funded by tariff revenues. The proposed amount included at least $600 per individual, with additional payments for the bill has not advanced. It has neither cleared the Senate nor the House. For now, it remains referred to the Senate Finance Committee with no immediate prospect of becoming law, as confirmed in a report by is important to note that past rounds of IRS stimulus checks eligibility were strictly tied to laws passed by Congress. For example:In each case, Congress enacted laws specifying the payment amounts, income thresholds, and distribution mechanisms. The Treasury Department and the IRS then executed the to the public's misunderstanding is the IRS's announcement earlier this year regarding the Recovery Rebate Credit . The agency distributed about $2.4 billion to taxpayers who had failed to claim credits from 2021. The maximum refundable amount was $1,400 per who had not filed their 2021 tax return were required to do so by April 15, 2025, to qualify. With that deadline long past, there are no new credits officials have reiterated that this one-time correction should not be mistaken for approval of new stimulus Treasury Department, along with its Bureau of the Fiscal Service, managed the distribution of previous payments. These included both pandemic relief checks and earlier stimulus programs during the 2008 Congressional approval, neither the Treasury nor the IRS has the authority to initiate new stimulus suggest that economic uncertainty, coupled with political rhetoric around tax rebates, created fertile ground for misinformation. Hawley's proposal, though not passed, may have been misrepresented online as already headlines referencing IRS refunds and delayed tax credits further contributed to the Taxpayers Should KnowFor now, there is no IRS approves stimulus checks announcement for 2025. Taxpayers are advised to rely only on official IRS releases and Treasury IRS maintains its updates on where verified information about credits, refunds, and other relief measures is no payments are scheduled, political proposals remain on the table. Hawley and other lawmakers have floated the idea of using tariff revenues or other federal funds for unless such bills pass through Congress, taxpayers should not expect any checks. As history has shown, economic impact payments are rare and tied to extraordinary circumstances like recessions or national viral claims, the reality is clear: no new IRS stimulus checks eligibility exists for summer 2025. The rumors are unfounded, and taxpayers should avoid misinformation circulating online. Unless Congress enacts new legislation, the IRS has no authority to distribute additional The IRS has confirmed that there are no new stimulus checks approved for this summer. Any such payments would require Congressional most recent update relates to the Recovery Rebate Credit from 2021, which allowed taxpayers to claim missed COVID-19 payments. That deadline expired on April 15, 2025, and no new credits or stimulus checks are available now.
Hindustan Times
8 hours ago
- Hindustan Times
IRS approved $1390 stimulus checks this month? Here's the truth behind viral claims
The Internal Revenue Service (IRS) has shut down social media claims that new stimulus checks worth $1,390 are on the way to millions of Americans. This comes days after posts about the alleged IRS and Treasury Department payments for low- and middle-income taxpayers surfaced. President Donald Trump's name is printed on a stimulus check issued by the IRS (AP) The agency confirmed those reports are inaccurate, noting no new stimulus program has been authorized. Why the rumor spread The speculation may have stemmed from a separate IRS announcement earlier this year, when the agency distributed $2.4 billion to taxpayers who had not claimed the 2021 Recovery Rebate Credit. That credit, worth up to $1,400 per person, was tied to COVID-era stimulus programs, but the deadline to file for it passed on April 15. 'Millions of Americans could soon receive a $1,390 stimulus check, according to reports citing the U.S. Treasury Department and the IRS. The payment is aimed at providing relief to low and middle-income households and is expected to roll out in late summer,' one account noted on X, platform formerly known as Twitter. The facts New stimulus payments cannot be issued without congressional approval. No legislation authorizing such payments has been passed in 2024. The IRS has made no announcements about fresh relief programs. Congress previously approved three rounds of direct relief during the pandemic under the CARES Act, the COVID-related Tax Relief Act, and the American Rescue Plan Act. The last payments were tied to the 2021 Recovery Rebate Credit. Sen Josh Hawley introduced the American Worker Rebate Act in July, which would send at least $600 per taxpayer using tariff revenues, plus additional funds for families with children. But the measure remains in committee and has not advanced in either chamber of Congress. Hawley argues Americans 'deserve a tax rebate' and compares his plan to earlier proposals from President Donald Trump. Supporters say the rebates would provide immediate financial relief. Critics, however, caution that relying on tariff revenue is unstable and point out that no checks could be issued without congressional approval. Tax scam warning signs 'Scammers mislead you about tax refunds, credits and payments. They pressure you for personal, financial or employment information or money. IRS impersonators try to look like us,' the IRS said. Watch out for: A big payday - If it sounds too good to be true, it probably is. Bad tax advice on social media may convince you to lie on tax forms or mislead you about credits you can claim. Demands or threats - Impersonators want you to pay 'now or else.' They threaten arrest or deportation. They don't let you question or appeal the amount of tax you owe. Website links - Odd or misspelled web links can take you to harmful sites instead of
Time of India
14 hours ago
- Time of India
IRS confirms $1,390 stimulus checks for eligible Americans — are you eligible for the late summer payout? here's all the details
IRS Confirms $1,390 Stimulus Checks for Eligible Americans — $2,000 August Payout Rumors Debunked: IRS has confirmed that eligible households will receive $1,390 stimulus checks this late summer, providing timely financial relief. While $2,000 payout rumors circulated online, officials clarified the actual amount and eligibility requirements. These tax-free payments are designed to help low- and middle-income families cover essential expenses such as rent, groceries, and medical bills. If you filed your 2024 taxes and meet the income thresholds, you could be among the first to receive this support, offering a much-needed boost as living costs continue to rise. What you need to know about the $1,390 stimulus check The IRS has confirmed that eligible Americans will receive $1,390 per individual. This payment is tax-free and will not impact benefits from Social Security, Medicaid, SNAP, Veterans Affairs, or Railroad Retirement. The goal is to help households manage essential expenses such as rent, groceries, and medical bills during a period of persistent inflation. Eligibility mirrors prior relief programs: Individuals earning up to $75,000 annually Married couples with joint incomes up to $150,000 Heads of household earning up to $112,500 Importantly, taxpayers must have filed their 2024 federal tax returns to qualify. Payments will be sent through direct deposit, paper checks, or EIP debit cards , ensuring access for those without traditional banking accounts. Live Events Why the $2,000 rumors won't happen In recent weeks, misinformation spread online suggesting that the IRS would issue $2,000 checks. IRS spokespersons have now confirmed that no such payment is planned. Instead, eligible Americans will receive a $1,390 stimulus check — a figure consistent with the agency's official guidelines and historical patterns from prior relief programs. 'The $1,390 checks are legitimate, on track, and targeted to provide immediate support to Americans who need it most,' an IRS official said on August 15, 2025. Who qualifies for the $1,390 stimulus check The eligibility rules mirror past federal stimulus programs: Individuals: Annual income up to $75,000 Married couples: Joint income up to $150,000 Heads of household: Income up to $112,500 Eligibility also requires filing a 2024 tax return. Payments will be delivered via direct deposit, paper checks, or EIP debit cards, ensuring that households without traditional banking still have access. What the payment covers and its tax status The $1,390 stimulus is tax-free and will not affect benefits from Social Security, Medicaid, SNAP, Veterans Affairs, or Railroad Retirement. With rising living costs, including food and medical expenses, this check is designed to help Americans manage basic necessities. For perspective, inflation currently sits at 2.7%, above the Federal Reserve's 2% target. Food and beverage prices, in particular, have risen significantly since 2020, making direct cash support an immediate relief for many families. Trump's proposed DOGE dividend and tariff rebates Earlier this year, President Trump floated a 'DOGE Dividend' plan — a refund initiative where 20% of savings from the Department of Government Efficiency would be returned to citizens. Experts like Erica York, Vice President of Federal Tax Policy at the Tax Foundation, have warned that such schemes might compromise the overall efficiency of federal spending. Separately, Trump proposed issuing tariff rebate checks, funded by government-collected tariffs. These rebates, championed by Senator Josh Hawley in the 'American Worker Rebate Act,' could provide at least $600 per adult and child, with higher payouts if revenues exceed projections. While separate from the IRS stimulus checks, these measures reflect ongoing federal efforts to offset inflationary pressures and support households. When can Americans expect the checks Officials indicate the $1,390 stimulus payments will be disbursed in late summer 2025. Those who have already filed their 2024 tax returns are first in line, and the IRS encourages everyone to double-check banking and mailing information to avoid delays. For millions of families feeling the squeeze from higher rent, groceries, and healthcare costs, this stimulus check could provide tangible short-term relief. Analysts say timely receipt and proper outreach are crucial for the funds to reach those who need them most. What Americans should do now Confirm tax filings: Ensure your 2024 federal tax return is submitted. Verify banking info: Direct deposits are the fastest way to receive the funds. Stay informed: Watch for official IRS updates to avoid scams or phishing attempts. Why this matters With inflation at 2.7% , above the Fed's 2% target, and rising costs for food, housing, and medical care, this stimulus check could provide immediate relief for millions of families. Analysts say early awareness and proper preparation are key to ensuring funds reach those who need them most. FAQs: 1. Who is eligible for $1,390 stimulus checks? Individuals earning up to $75,000, married couples up to $150,000, heads of household up to $112,500. 2. When will the IRS send the late summer payout? Payments are expected to roll out in late summer 2025. 3. How will the $1,390 checks be delivered? Through direct deposit, paper checks, or EIP debit cards. 4. Do stimulus checks affect federal benefits? No, they are tax-free and won't impact Social Security, Medicaid, SNAP, or VA benefits. 5. Do I need to file taxes to receive the stimulus? Yes, filing your 2024 federal tax return is required for eligibility.
