Bureau of Labor Statistics, May 13, 2020, Unemployment rate rises to record high 14.7 percent in April 2020
CNBC, April 13, 2020, The first coronavirus stimulus checks were deposited this week-here’s when you can expect yours.31, What's behind the push for a fourth stimulus check USA TODAY, July 16, 2021, Fact check: Claim that a 4th stimulus check is scheduled for July is a hoax.USA TODAY, May 7, 2021, Fact check: Congress has not approved a fourth round of stimulus checks.31, $2000/month to every American #moneyforthepeople #covid19 31, Remarks by President Biden on Building a Better America 12, The IRS is 'buried' in paper after 'most challenging' year for taxpayers.
Though Americans have seen three rounds of checks, the IRS confirmed that a fourth has not been approved. The Trump administration then authorized a second round of stimulus checks in December 2020 – $600 per individual taxpayer, $1,200 per married couple and an additional $600 for each child under the age of 17.Ī third round came under the Biden administration in March 2021, giving $1,400 per individual and $2,800 per married couple, along with $1,400 per dependent – this time regardless of age.īased on our research, we rate FALSE the claim that a fourth, $2,000 stimulus payment is being sent out. Special access for subscribers! Click here to sign up for our fact-check text chat Stimulus checks were first deposited in the spring of 2020 when the COVID-19 pandemic was just beginning, driving up the unemployment rate and causing financial hardship for many. Individuals with income below $75,000 received $1,200 and couples earning below $150,000 received $2,400. The pandemic stimulus payments started nearly two years ago. 31 that the Biden administration’s focus on infrastructure to spur economic growth – combined with criticisms that the previous stimulus contributed to ongoing inflation – have lowered the odds of another cash infusion. Similar posts also circulated in May and July of 2021.įact check: False claim that image shows salaries of government officials and service membersĪnalysts have their doubts about whether a fourth stimulus check is likely to be approved.ĬBS News wrote on Jan. This isn’t the first time people have posted misinformation about fourth stimulus checks. Over three million people have signed a petition calling for recurring $2,000 payments for adults and $1,000 payments for children until the pandemic ends.īut no such payment has yet been approved, IRS spokesperson Eric Smith told USA TODAY. Recently, calls have circulated online for a fourth stimulus check to be approved, with many saying that although the payments have stopped, the pandemic clearly hasn’t. The poster couldn’t be reached for comment.Īs of now, a fourth stimulus check is unlikely No fourth stimulus check is imminent, the IRS confirms. Because there isn't one.įact check: Mike Pence did not have the power to overturn 2020 election results, keep Trump in office 9 drew 40,000 more views.īut none of the videos followed through with any proof of an upcoming payment. YouTube videos with titles claiming the checks will be deposited Feb. 28 Facebook video viewed more than 20,000 times. "SENDING OUT $2,000 CHECKS FOR EVERYONE! FOURTH STIMULUS CHECK," says the title on a Jan. While it's been about a year since stimulus checks were last dispensed, an array of social media posts claim a fourth round of stimulus checks are on the way. With tax season underway, some experts have warned that the 2022 season may see some of the issues of 2021, when several rounds of stimulus checks caused severe logjams in the IRS' filing system. And it’ll be spread out over six checks.Watch Video: Biden calls on Fed to fight inflation The claim: A fourth, $2,000 stimulus payment is being sent out Congress also raised the maximum credit, from $2,000 to up to $3,600 for eligible parents.ĭepending on whether parents have a child who’s younger than age six, or who’s between the ages of six and 17, those parents will either get $1,500 or $1,800 from this advance. Because of the pandemic that’s still raging, though, Congress set up a mechanism for people to enjoy some of that benefit now. Normally, an eligible family would get this benefit next year when they file their federal tax return.
What these six checks amount to is an advance, up-front payment of half of the federal child tax credit. And as with the previous installments in this series, anyone who opts to get a paper check will, of course, need to wait a couple of days after that for it to arrive in the mail. October 15 is the official date when the next direct deposits will start showing up in bank accounts. Don't Miss : Today’s deals: Air purifiers, AirTag sale, Nest thermostats, $75 Echo Show 8, Fire Stick sale, moreįirst things first, when is this next check getting here?
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