The federal government has confirmed that it will not be issuing new stimulus checks this summer, debunking circulating online rumors.
What Happened: On Friday, the internet was abuzz with rumors that the U.S. government was planning to distribute stimulus checks to certain income brackets in the near future.
However, the IRS has clarified that no such legislation has been passed by Congress, and therefore, no new stimulus checks will be issued in the upcoming weeks, reports the Associated Press.
Claims that the Internal Revenue Service and the Treasury Department had approved $1,390 stimulus checks for low- and middle-income taxpayers by the end of the summer were also debunked by the IRS.
As per the repot, an IRS official stated that this claim is false and no new stimulus checks will be distributed this summer.
Earlier this year, the IRS had announced plans to distribute about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. However, the IRS official confirmed there is no new credit that taxpayers can claim.
Republican Senator Josh Hawley of Missouri had introduced a bill in July proposing tax rebates to qualified taxpayers using revenue from tariffs instituted by President Donald Trump. However, this bill has not been passed by either the Senate or the House.
Earlier this year, the IRS announced that it would distribute $2.4 billion to taxpayers who failed to claim on their 2021 tax returns a Recovery Rebate Credit, a...
The federal government has confirmed that it will not be issuing new stimulus checks this summer, debunking circulating online rumors. What Happened: On Friday, the internet was abuzz with rumors ...