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Fact Check: Is The IRS Really Giving An $8700 Stimulus Check?

At the top of their X profile, the official @IRSnews account has pinned a tweet advising Americans to be cautious while filing their annual return . “There are many different kinds of social media content,” they wrote, “including tons of misleading tax advice that can put you at risk.” Now, more than ever, it’s crucial to be diligent amid the endless scams and near-constant flow of fake news online. Currently, the rumored IRS $8700 stimulus check has people asking questions. Here’s everything we know about the situation so far: What Are Stimulus Checks? After a bumpy few years navigating the “new normal” following the COVID-19 pandemic , Americans have become familiar with stimulus checks. The idea behind them is to generate economic activity during times of strife. Thanks to bonuses from the government, consumers have more to spend without the stress of going into debt or dipping into savings. In March 2020, then-POTUS Donald Trump signed the Coronavirus Aid, Relief, and Economic...

Jun 10, 2024

Beyoncé Files Petition Against The IRS In Court And Disputes $2.7M Owed

Earlier this month, the annual Tax Day hit for taxpayers to submit their 2022 tax returns. As for Beyoncé, her concern is with previous tax filing years.

Apr 27, 2023