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Time of India
a day ago
- Business
- 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.
Yahoo
15-07-2025
- Yahoo
Prison or payback? Judge weighs smartest sentence for Paycheck Protection Program fraud
A judge put a 34-year-old West Palm Beach man on 10 years of probation after he pleaded guilty to money laundering in a scheme through which he and co-conspirators obtained fraudulent federal Paycheck Protection Program loans totaling nearly $350,000. Johnley Jorcilien entered the plea during a hearing on July 14 before Circuit Judge Howard Coates. The judge ordered that Jorcilien pay civil restitution, and that he be placed on house arrest for the first year of his probation. State prosecutors dismissed a charge of organizing scheme to defraud a person or business of $50,000 or more. Jorcilien faced up to four years in prison. However, Assistant State Attorney Daniel Litman Gross told the court the state's top concern was ensuring that Jorcilien pays restitution. Coates credited Jorcilien with one day of time served in the Palm Beach County Jail and warned him that he risks going to prison if he fails to comply with the restitution order. Boynton Beach: Alleged gang shooting at anti-violence rally leads to arrest of man, 19 Congress passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or CARES, Act in March 2020. The stimulus bill was intended to help businesses cope with the economic problems caused by the COVID-19 pandemic. Part of the bill created the Paycheck Protection Program, a Small Business Administration-backed effort providing money to businesses with fewer than 300 employees for up to eight weeks of payroll, including benefits. The program attracted thousands of fraudulent applications before it ended in May 2021. By the end of 2022, the SBA inspector general estimated that more than 70,000 loans were potentially fraudulent or went to companies that didn't need the funding to survive the COVID-19 shutdowns. Few fraudulent loans have been repaid. Jorcilien's arrest happened through a joint effort between the State Attorney's Office and the Palm Beach County Sheriff's Office, which formed a task force in 2023 targeting people suspected of filing fraudulent federal claims. Investigators said Jorcilien fabricated information regarding his number of employees in order to obtain more than $347,000 in loans for an inactive used-car business. Jorcilien reportedly deposited the fraudulently obtained funds into various bank accounts and began writing checks worth thousands of dollars in kickbacks to his suspected co-conspirators. He also used the ill-gotten funds to purchase a luxury vehicle, investigators said. Julius Whigham II is a criminal justice and public safety reporter for The Palm Beach Post. You can reach him at jwhigham@ and follow him on X, the platform formerly known as Twitter, at @JuliusWhigham. Help support our work: Subscribe today. This article originally appeared on Palm Beach Post: Probation deal for Paycheck Protection fraud means man must repay US
American Press
11-07-2025
- Business
- American Press
Sulphur business owner found not guilty of stealing COVID funds
Jenilea Pena was found not guilty of stealing federal funds issued to small business owners during the COVID-19 pandemic. (Special to the American Press) A Sulphur woman accused of stealing nearly $100,000 in federal funds issued to small businesses during the COVID pandemic has been cleared of wrong doing. This week a unanimous jury found Jenilea Pena not guilty of wire fraud and making false statements to the government. Pena was one of three owners of Planet Nutrition in Sulphur, owning 25 percent of the business. An indictment filed in federal court on March 20, 2024, claimed Pena filed for a small business loan in 2020 through the Coronavirus Aid, Relief, and Economic Security (CARES) Act without the knowledge of the majority owner. According to the indictment, Pena was accused of using $97,000 of the loan for her own personal use and submitting a fictitious document signed by the majority owner. After a four-day trial, the jury returned a not guilty verdict late Thursday on both counts. Faced with the option to plead to a misdemeanor, 'Jenilea chose the harder path — the path of principle,' according to her attorney, Adam Johnson. 'She stood firm, confident that the truth would prevail. And it did.' Johnson said though Pena was falsely accused, 'she never lost faith in the process, in her integrity or in her God.' 'This verdict is more than a legal outcome,' Johnson said 'It is a restoration of reputation, a reaffirmation of character, and a reminder that justice — though sometimes delayed — is still possible. Jenilea and her family endured a long and painful chapter, but they did so with strength, grace and unwavering resolve.'
Yahoo
02-06-2025
- Business
- Yahoo
Bluefield woman pleads guilty to COVID-19 fraud scheme
BLUEFIELD, WV (WVNS) — A Bluefield woman pleaded guilty to a COVID-19 relief fraud scheme. According to a press release, 43-year-old April Elick, of Bluefield, pleaded guilty to the theft of government money on June 2, 2025. She obtained $84,000 in COVID-19 loans through the Small Business Association (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and used the funds for personal use. Elick is set to be sentenced on September 8, 2025, and faces a maximum of 10 years in prison, three years probation, and a $250,000 fine. She owes $97,802.59 in restitution, as well. Court documents and statements made in court stated that Elick received two Paycheck Protection Program loans (PPP) amounting to $14,520 in April 2021, after stating that the money was for her home healthcare business to cover payrolls and other expenses. She received an Economic Injury Disaster Loan (EIDL) amounting to $61,000 through the CARES Act in January 2022, and also increased the COVID-19 business loan by $8,700 in April 2022, the release stated. As part of her plea, Elick confessed that she knew she could use the proceeds only for things outlined in CARES Act programs, the release noted. Elick also stated that she used funds for personal expenses, such as withdrawing $30,560, an estimated $16,350 in digital wallet transfers, and $8,290.11 in purchases made in West Virginia, North Carolina, and Virginia. The CARES Act allowed for forgivable PPP loans to be used for eligible for impacted businesses and sole proprietors, independent contractors, and self-employed individuals, the release stated. It also approved the SBA to provide EIDL loans of up to $2 million for eligible small businesses that were experiencing substantial financial struggles. Acting United States Attorney Lisa G. Johnston released the announcement and applauded the work of the WorkForce West Virginia Integrity Section, the National Aeronautics and Space Administration Office of Inspector General (NASA OIG), the Litigation Financial Analyst with the U.S. Attorney's Office, and the West Virginia State Police — Bureau of Criminal Investigation (BCI). Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Newsweek
13-05-2025
- Politics
- Newsweek
DOJ Calls Transgender Man a 'Woman' Months After Trump Crackdown
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A transgender man convicted of fraudulently collecting COVID funds has been referred to by the Department of Justice (DOJ) as a "woman" in official correspondence. Newsweek reached out to the DOJ for comment. Why It Matters President Donald Trump has been aggressive in tackling transgender policies and issues, with one of his first executive orders recognizing two sexes only—male and female—and stating that they are "not changeable." Along with banning transgender women from competing in women's sports, he has also greenlit a ban on transgender military members that currently is allowed by the U.S. Supreme Court. The Department of Justice seal and logo seen on a lectern at a news conference at the Department of Justice on May 6, 2025, in Washington, D.C. The Department of Justice seal and logo seen on a lectern at a news conference at the Department of Justice on May 6, 2025, in Washington, To Know A press release issued by the U.S. Attorney's Office of the Eastern District of Louisiana refers to Brandon Jarrow, 33, of New Orleans, as a "woman" and mentions former name Brandi Jarrow. On May 8, Jarrow pleaded guilty in federal court to stealing funds and making false statements to receive over $115,000 in loans as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act program that provided relief to individuals and small businesses during the pandemic. The CARES Act was signed into law by Trump in March 2020 to order the U.S. Small Business Administration (SBA) to dole out emergency assistance via the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) program. Jarrow's case stems back to the infancy of the pandemic. Charging documents show that on or about June 20, 2020, Jarrow submitted a false application to the SBA for an EIDL, leading to a loan worth $95,000. On February 4, 2021, Jarrow again made false statements to an approved lender for "another sham business," as described by DOJ, to obtain a $20,833 PPP loan. Though Trump's national approval rating has recently wavered, due in large part to economic turbulence, his stance on the transgender issue remains for the American public one of his most well-received initiatives. An Associated Press-NORC poll of 1,175 adults conducted between May 1 and 5 found that 52 percent of Americans approve of Trump's handling of transgender issues—higher than his job approval rating, which the poll measured at 41 percent. What People Are Saying Alithia Zamantakis, a research assistant professor in the Institute for Sexual and Gender Minority Health and Wellbeing at Northwestern University, told Newsweek that the DOJ correspondence is part of a broader theme within the current administration. "It's clear that the Trump administration continues to use anti-trans bigotry as a means to divide everyday people and to justify the administration's actions," Zamantakis said. "The administration has presented a caricature of trans people as fraudulent, a waste of government funds, and a harm to our society. Their reference to Brandon as a 'woman' only furthers that characterization." Defense Secretary Pete Hegseth, reacting to a post about transgender treatments provided by the Pentagon, said on X, formerly Twitter, last month: "If this is true—we will find any way possible to stop it. Taxpayers should NEVER pay for this lunacy. As we stated—before a rogue judge blocked it—'service members with gender dysphoria are disqualified from military service.' Zero readiness reasons for trans troops." Maine's Democratic Governor Janet Mills said in a statement last month: "As I have said previously, this is not just about who can compete on the athletic field, this is about whether a president can force compliance with his will, without regard for the rule of law that governs our nation. I believe he cannot." J. Michael Bailey, a professor of psychology at Northwestern University, said in an opinion article for Newsweek: "Since his inauguration, President Donald Trump has signed a series of executive orders that respect biological reality in areas from medicine to sports to intimate spaces, and protect the right to speak about the harms of gender ideology. These orders, including the most recent one, issued February 5, honor honest scientific inquiry and reverse the trend of activists distorting the scientific picture." What Happens Next Jarrow's sentencing date is scheduled for August 13. Jarrow faces up to five years in prison for false statement counts and up to 10 years for the theft of government funds. All counts carry a penalty of up to $250,000 in fines, up to three years of supervised release and a $100 mandatory special assessment fee, per the DOJ.
