IRS Warns Against Stimulus Misinformation as False Rumors Spread Online

The IRS has issued a public warning denying widespread social media claims that new $1,390 stimulus checks are on the way. Despite rumors, no such legislation has been passed by Congress, and no payments are being prepared. The false information coincides with Senator Josh Hawley’s proposal for a separate tax rebate funded by tariff revenue, but that bill has not moved forward. The IRS clarified that only Congress can authorize stimulus payments and the Treasury Department is responsible for distribution. The agency previously issued $2.4 billion in missed Recovery Rebate Credits from 2021 returns but says no new credits are currently available. Misunderstandings persist due to lingering confusion over past stimulus payments during the COVID-19 pandemic. The misinformation underscores the need for accurate public communication amid ongoing economic uncertainty, particularly as lawmakers debate new financial relief measures that remain in legislative limbo.

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Source: BET