Amid growing rumors on social media, the IRS has clarified that no new economic stimulus payments are scheduled, despite viral posts claiming otherwise. As the holiday season approaches, some social media posts suggest that taxpayers could receive $2,000 or more, but these claims are not true.
IRS Clarifies Status of Economic Impact Payments and Stimulus Checks
The IRS stated that it has already issued all three rounds of Economic Impact Payments (EIPs), which were distributed to eligible Americans during the COVID-19 pandemic. The IRS website emphasizes that there are no additional payments on the horizon, and the Get My Payment tool is no longer available for tracking. Most individuals who were eligible for the payments have already received them, and those who did not can still claim the credit on their 2021 tax return, with the deadline to do so extending until April 15, 2025.
The confusion surrounding the stimulus checks has been exacerbated by misinformation on social media platforms, where posts often claim that new payments will be sent out soon, especially as the political landscape shifts with President-elect Donald Trump’s upcoming inauguration.
IRS Commissioner Danny Werfel cautioned Americans about trusting financial advice from social media. He stressed that while social media can provide helpful tips on various topics, it is not a reliable source for tax information. Scammers often prey on people’s trust, especially during times of economic uncertainty, urging them to take risky or unverified financial actions.
For those seeking accurate information, the IRS advises following official channels like the IRS website or trusted tax professionals, ensuring they receive the most up-to-date and reliable advice.
