A viral post on social media has claimed that a fourth round of stimulus checks is coming in December, but the IRS has debunked this rumor.
Costco Will Give You Free Groceries in Exchange for Old Electronics: How To Take AdvantageFind: What To Do If You Owe Back Taxes to the IRS
You are viewing: When Will The 4th Stimulus Check Come
“If your account information is on file with the IRS, you will automatically get your money deposited into the account they have on file,” the post claims. “If you received a paper check For your tax refund this year, you will get your stimulus. So if you moved & they don’t have a new address that’s your business.”
The post goes on to detail that payments will range from $500 to $2,000, depending on the state, citing its sources as “google & IRS,” the Associated Press reported.
Read more : When Does Tulane Ed Come Out 2023
In an email, IRS spokesperson Anthony Burke confirmed that no fourth round of Economic Impact Payments has been authorized. The most recent round of stimulus checks was part of the American Rescue plan, a nearly $2 trillion stimulus package signed into law by President Biden in 2021, Burke added.
If you never received the third stimulus check or didn’t get the full amount, you may be able to claim the Recovery Rebate Credit. This is a refundable credit for anyone who missed out on one or more Economic Impact Payments, which were issued in 2020 and 2021. The IRS estimates that some individuals and families are still eligible to receive payments.
To receive funds through the Recovery Rebate Credit, taxpayers need to file a tax return first, according to AP News. The money won’t be automatically sent to bank accounts, as the social media post claims.
“The deadlines to file a return and claim the 2020 and 2021 credits are May 17, 2024, and April 15, 2025, respectively,” the IRS said in a release.
Read more : What Happens When You Turn Yourself In For A Warrant
According to AP News, some states listed in the social media post — Alabama, Arizona, Maryland, New York, Virginia, Florida, Georgia, Michigan, Tennessee and Texas — will issue tax-related payments in the coming weeks and months.
More From GOBankingRates
- Living Frugally: Adopting Lessons From the Great Depression
- The Average Retirement Age in 2023 in the US vs Canada
- 3 Things You Must Do When Your Savings Reach $50,000
- 7 Ways To Squeeze the Absolute Most Out of an Average Salary
This article originally appeared on GOBankingRates.com: IRS Debunks Rumor of Fourth Stimulus Check Coming in December
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Source: https://t-tees.com
Category: WHEN
