Following the COVID-19 epidemic, Americans got used to the idea of stimulus cheques, which were originally called Economic Impact Payments (EIPs) and were intended to help during a recession.
The Internal Revenue Service (IRS) swiftly put an end to speculations about a fourth stimulus check after these payments were made in three waves throughout 2020 and 2021.
Although there are no upcoming federal stimulus payments linked to COVID-19, those who were not able to claim their stimulus checks from earlier rounds may still be able to do so, provided they meet the eligibility requirements.
While federal stimulus cheques tied to COVID-19 are no longer being provided, states and the IRS still offer various programs to assist citizens in coping with inflation and other financial difficulties.
Because the term “stimulus checks” were so popular during the pandemic, it is frequently used incorrectly to refer to these more recent payouts. But it’s important to understand that these relief initiatives are not the same as the 2020 and 2021 federal stimulus cheques.
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The stimulus check scam of $8,700
Many people mistakenly thought that the IRS was sending fresh stimulus checks totaling $8,700 during the summer months when the internet was a flurry of searches for “IRS $8700 stimulus check IRS gov.” But it came out that this assertion was untrue.
Although there is a lot of interest on the internet, no official publications or reliable news sources have confirmed that such a payout exists.
In a July 2023 press release, IRS spokesperson Robert Marvin noted that scammers claiming fresh stimulus cheques or government assistance payments are becoming more common.
These scams aim to fool people into thinking they are qualified for new stimulus grants related to the epidemic era. They frequently involve phone calls or emails that seem genuine.
The $8,700 stimulus check story has gained hold for reasons that are unclear, but it is similar to previous fraudulent schemes that deceive individuals by offering them “free money”. Scammers spread false advertisements on social media sites like Facebook, Instagram, and YouTube that purport the IRS, Congress, or the President have approved more stimulus funds or financial incentives.
By: marca.com
