Are Americans getting another stimulus check from the government?
Rumors began circulating once again last week that the U.S. government would be issuing stimulus checks to certain taxpayers, depending on your income bracket.
Here’s what to know:
What did the rumors claim?
The rumors claimed 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.
Are stimulus checks actually coming?
According to a spokesperson for the IRS, that’s not actually the case.
“There is no recovery rebate credit for taxpayers to claim,” the spokesperson told NBC Chicago.
And even if checks were planned, Congress has not passed legislation to authorize such payments.
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.
Officials believe the rumors are tied to an announcement from December 2024, in which the IRS said it would “issue automatic payments …. to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.”
The rebate credit was a refundable credit for individuals who did not receive one or more COVID-19 stimulus checks.
The agency said no action was needed and the payments would go out by January 2025. The maximum amount was $1,400 per individual.
Taxpayers who hadn’t yet filed their 2021 tax returns could still be eligible at the time, but they had to meet an April 15 deadline to claim the credit.
Since then, there have been no new credits to claim, the IRS said.
What are stimulus checks?
Stimulus checks, also known as economic impact payments, are authorized by Congress through legislation and distributed by the Treasury Department.
Past stimulus checks have been authorized through legislation passed by Congress. For example, payments during the coronavirus pandemic were made by possible by three bills: the Coronavirus Aid, Relief and Economic Security Act; the COVID-related Tax Relief Act; and the American Rescue Plan Act.
In 2008, stimulus checks were authorized in response to the Great Recession through the Economic Stimulus Act.
The Treasury Department, which includes the Internal Revenue Service, distributed stimulus payments during the COVID-19 pandemic and the Great Recession. The Treasury’s Bureau of the Fiscal Service, formed in 2012, played a role as well during the former crisis.
What has been proposed so far?
Hawley in July introduced the American Worker Rebate Act, which would share tariff revenue with qualified Americans through tax rebates. The proposed rebates would amount to at minimum $600 per individual, with additional payments for qualifying children. 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.
Hawley said Americans “deserve a tax 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.
Neither the Senate nor the House had passed the American Worker Rebate Act as of Friday. It was read twice by the Senate on July 28, the day it was introduced, and referred to the Committee on Finance.
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