The rapidly growing inflation and increasing living costs are constantly fueling the uncertainty surrounding the American economy. In such situations, people are constantly looking for new sources of a little extra income. This is the main reason why new rumors are surfacing on the internet almost every day about new stimulus check announcements from the IRS. One such rumor is that the IRS has announced $1000 monthly checks for everyone. If you are someone who is hearing this rumor too, this article is for you. It brings you everything you need to know about whether the rumored $1,000 checks are coming or not.
$1,000 Monthly Checks for Everyone Announcement: Real or Fake?
According to what some sources on social media claim, the IRS has announced $1,000 monthly checks for everyone. However, it is important for you to know that the rumor is completely fake. There is no such official announcement from the Internal Revenue Service. The rumors originated from social media, and some channels on YouTube propagated the fake news further to the public. A lot of unofficial sources misled their audience and gave them false hopes about the monthly checks. The IRS has not confirmed the $1000 monthly checks, however, it is going to issue the Recovery Rebate Credit stimulus checks worth $1400 soon.
IRS To Soon Issue The Recovery Rebate Credit Stimulus Checks
The $1000 monthly check rumor may have been false, but the beneficiaries do not have to be disheartened. This is because the Internal Revenue Service will issue the $1,400 Recovery Rebate Credit stimulus checks instead. RRC is basically a relief fund program launched during the pandemic era. The payments under this scheme were issued in three rounds. However, many taxpayers couldn’t file their 2021 tax returns, which led to them missing the third payment. The administration opened the window for filing the 2021 tax return in 2025 so that the taxpayers who couldn’t claim full payment then can do it now. The last date for filing the 2021 tax return was April 15, 2025.
Who Is Eligible For The $1000 Monthly Checks?
As mentioned above, the $1000 monthly checks for everyone is just a rumor, and there is no official confirmation about it from the IRS. Therefore, there is no official announcement of the eligibility criteria for receiving the $1,000 monthly checks either. If you are someone who wants to know the eligibility requirements for RRC, the following are the criteria you must fulfill.
- You must be a citizen of the United States and other Americans in 2021.
- You must have a valid Social Security number.
- The income of applicants must not exceed $75,000 for individual taxpayers, $112,500 for the head of household, and $150,000 for married couples.
How to Track the $1,400 Stimulus Check?
If you are someone who did not receive the third RRC payment back in 2021 and filed the 2021 return before April 15, you will soon receive the $1,400 stimulus payment. You can track the stimulus checks easily using the “Get My Payment” tool the IRS offers. You will require your Social Security number, birth date, mailing address, and a copy of your recent tax return to access the status of your payment. The tool will help you figure out whether the IRS has already issued your payment or not.
How To Protect Ourselves From Fake News?
The emergence of new fake news regarding Social Security has sadly become a daily occurrence now. This fake news gives the taxpayers false hopes and even leads to scams and fraud. It has become extremely important for us to know how to protect ourselves from fake news. You can simply do so by visiting the official website of the IRS, wherever you hear such news. This will help you stay informed about whether the Internal Revenue Service has made any such official announcement or not. If it hasn’t, the news you heard on the internet is obviously fake.
