IRS $8700 stimulus check: Recent social media buzz alleging that taxpayers will receive an $8,700 stimulus check has been emphatically denied by the IRS. Officials confirmed that no new stimulus payments are being issued and urged taxpayers to rely solely on verified government sources for tax information.
Key Highlights:
- No New Stimulus:
The IRS has not authorized any new stimulus check of $8,700. All previous rounds of economic impact payments were distributed during the height of the pandemic and are now complete. - Misinterpretation of Child Tax Credit:
Rumors about the $8,700 figure appear to be a misinterpretation of proposals related to an expanded Child Tax Credit. Some posts suggest that monthly payments could add up to this amount, but these claims are not based on any official IRS program. - Existing Tax Relief:
Taxpayers who missed claiming the Recovery Rebate Credit for 2021 might still be eligible for up to $1,400 per person. To receive this credit, eligible individuals must file their 2021 tax return by April 15, 2025. - Reliable Information Only:
The IRS warns that misinformation on social media can lead to confusion and potential scams. Taxpayers are encouraged to use the official IRS website for accurate updates.
In summary:
Despite the widespread rumor, the IRS confirms no $8,700 stimulus check will be issued. Instead, eligible taxpayers should focus on verifying their eligibility for the existing Recovery Rebate Credit. For those seeking clarity, always refer to official IRS channels for reliable tax guidance.
FAQs
Q1: Is the IRS sending out an $8,700 stimulus check?
A1: No, the IRS has confirmed that no $8,700 stimulus check is being issued.
Q2: Where did the $8,700 figure come from?
A2: It appears to be a misinterpretation of proposals related to an expanded Child Tax Credit.
Q3: What can eligible taxpayers still claim?
A3: Eligible individuals may still claim up to $1,400 through the Recovery Rebate Credit by filing their 2021 tax return by April 15, 2025.
Q4: How do I verify my eligibility?
A4: Check your status on the official IRS website or consult a trusted tax professional.
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