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Taxpayers are waiting on tax refunds and how to track their stimulus checks with the Internal Revenue Service. Here's what to know about the second, third and fourth stimulus checks amounts, eligibility and an update on their status.
The first stimulus check was for up to $1,200 for individuals and $2,400 for married couples, plus $500 per qualifying child under the age of 17. While the second check was up to $600 per individual, $1,200 for married couples and $600 per qualifying child under 17.
The third stimulus check was for $1,400 per eligible individual and married couples filing jointly received an additional $1,400 for each qualifying dependent.
The opportunities to claim or file for the first stimulus payment (issued in March and April 2020) or the second stimulus check (issued by Jan. 15, 2021) or the third stimulus check (issued between March and December 2021) have now passed.
Rumors of a fourth stimulus check are swirling: Why SC, US residents shouldn't expect one
Rumors have been circulating this week regarding a fourth stimulus check worth $2,000 or more.
The claim, which comes from a July 19 article written by Rick Adams, implied that "lawmakers were considering new payments due to mounting public pressure," according to The Economic Times.
However, Americans who have been anticipating another wave of stimulus checks shouldn't get their hopes up too high. Here's why.
Adams' article stated that Americans earning less than $75,000 and married couples earning under $150,000 would qualify for a stimulus check. Dependents would also earn additional amounts. If approved, direct deposits would be made available beginning late 2025 or early 2026.
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Stimulus payment 2025 returns for Americans—$1,390 relief checks confirmed, here’s who gets it and when
Stimulus Payment 2025 is a new federal relief effort aimed at helping low and middle-income Americans manage rising costs and inflation. Set to roll out by mid-2025, this one-time $1,390 check will be sent automatically to eligible taxpayers, Social Security recipients, SSDI, SSI, and VA beneficiaries. The payment is tax-free and doesn’t require any action if you’ve filed recent taxes or receive federal benefits. For non-filers, a simple tool will be available through the IRS. With essentials like rent, food, and medical bills in mind, this relief could bring real financial ease to millions of households across the country.
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)
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