$1,390 stimulus check in your bank account soon? IRS' crucial update for millions of Americans

Despite rumors circulating online, the IRS has confirmed that US citizens will not receive any new stimulus checks this summer. These claims falsely suggest that the IRS and Treasury Department approved $1,390 payments for low- and middle-income t...

Reuters
Claims are doing round on social media that the Internal Revenue Service and the Treasury Department have approved $1,390 stimulus checks that will be distributed to low- and middle-income taxpayers
Rumours have spread online last week that the US government will soon be issuing stimulus checks to taxpayers in certain income brackets. But, the truth is US citizens won't receive any stimulus payment this summer.

But Congress has not passed legislation to authorize such payments, and, according to the IRS, no new stimulus checks will be distributed in the coming weeks.

What is the claim around stimulus payment in the US?

According to news agency AP, claims are doing round on social media that the Internal Revenue Service and the Treasury Department have approved $1,390 stimulus checks that will be distributed to low- and middle-income taxpayers by the end of the summer. But these claims don't hold any truth.


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An IRS official clarified to AP that taxpayers in the US will not receive new stimulus checks of any amount this summer. A stimulus check is a payment made to a taxpayer by the US government. Stimulus checks are made by paper check or through direct deposit and are intended to encourage spending during times of economic contraction.

Also known as economic impact payments, stimulus checks are authorized by Congress through legislation and distributed by the Treasury Department. Republican Sen. Josh Hawley of Missouri last month introduced a bill that would send tax rebates to qualified taxpayers using revenue from tariffs instituted by President Donald Trump. Hawley's bill has not passed the Senate or the House.

Earlier this year, the IRS revealed it would release roughly $2.4 billion to taxpayers who missed out on claiming the Recovery Rebate Credit on their 2021 tax returns. This refundable credit was designed for individuals who did not receive one or more of the COVID-19 stimulus payments, with a maximum benefit of $1,400 per person.
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To qualify, taxpayers who hadn’t already filed their 2021 return needed to do so by April 15. An IRS spokesperson has confirmed that no new credit is available for taxpayers to claim.

The rumor may stem from a separate IRS announcement earlier this year about distributing about $2.4 billion to taxpayers who failed to claim a 2021 Recovery Rebate Credit. That refundable credit, worth up to $1,400 per person, was tied to COVID-era stimulus programs — but the deadline to claim it was April 15.

The IRS has not announced any new relief programs, and no similar proposals are currently moving through Congress other than one from Sen. Josh Hawley that remains in committee.

American Worker Rebate Act

Republican Sen. Josh Hawley proposed the American Worker Rebate Act in July, which would send at least $600 per taxpayer from tariff revenue, plus extra payments for qualifying children. The bill has not passed either the House or Senate.
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Hawley said Americans "deserve a tax rebate" and likened his proposal to one floated by President Donald Trump. Supporters argue that sharing tariff revenue would put money back in Americans’ pockets.

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Opponents say such rebates could be unpredictable because they rely on fluctuating tariff revenue and would need congressional approval before reaching taxpayers. Rebates could increase if tariff revenue is higher than expected. Taxpayers with an adjusted annual gross income above a certain amount — $75,000 for those filing individually — would receive a reduced rebate.

“Like President Trump proposed, my legislation would allow hard-working Americans to benefit from the wealth that Trump’s tariffs are returning to this country,” Hawley said in a press release.

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