$12,000 IRS Stimulus Checks in June: what will happen to your bank account this month?

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Published On: June 3, 2024 at 11:50 AM
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A news story is spreading across America at unprecedented speeds, and it’s understandable given the interest citizens have in one of the most widely distributed social benefits during 2024. But what about the $12,000 IRS Stimulus Checks in June? We want to explain what they have confirmed, what is the supposed benefit you will get and what will happen in your bank account over the next few weeks.

New Stimulus Checks coming nationwide? What we know so far

Recently there have been messages on the social media and other platforms that can be expected to receive $12,000 of the check from the federal government in June 2024. This claim has been everywhere and viral across the different social media accounts making many Americans hopeful yet skeptically.

One of the rumors was said to have stemmed from a polling website which is not clearly a genuine site but rather a parody website, the fact that it is a fake news it was circulated and people believed it to be real news hence it trended. You know that our focus is only on realistic, verified news.

Since the public became aware of the fraud a number of people mobilized their friends and began discussions on ‘Stimulus package’ on the Twitter, Facebook among others. Some of the recipients said that they felt thrilled to receive so much of financial support while some took a more realistic and practical approach.

However, it is essential to remain skeptical in such cases and use actual facts rather than embracing them as truths on the basis of some social media accounts. Since the information flow is very noisy, one should remember that sudden and large opportunities to make money, may not be completely true.

Fact-checking the $12,000 IRS Stimulus Checks: This is what has been confirmed

It is equally important to debunk the mere circulation of the rumors in media and social networks that the federal government is to launch $12,000 stimulus checks in June 2024. There have been no other credible sources or documented legislation in Congress or the White House that has campaigned for such a staggering payment.

This claim seems to be derived from misrepresentation in online advertisements and social media sharing and tend to be fake news that ensure web traffic. Although making thousands of dollars stronger with the government check idea can be spicy, one needs to stick to the authenticated data sources.

To be more precise, no official at the Internal Revenue Service (IRS) nor has any government agency across the country commence or suggest that they have a stimulus payment of this size in mind for all taxpayers. The current popular newspapers, TV news bulletins or official government sites do not announce any such campaign.

Current state of Stimulus Checks: Will finally there be a fourth payment?

Unlike it has been the case in the past, as of June 2024, there are no known political activities being undertaken by the federal government to issue out new stimulus checks or direct payment to the citizens. The last stimulus check took place in March 2021 (obviously, with the exception of states´ programs).

An earlier relief package, which was signed by Biden recently, was a $1,400 payment for individuals and families or eligible dependents, along with other items such as enhanced unemployment benefits, and support for small business. However, these stimulus measures were a source of financial help during the pandemic.

At the moment, the administration and Congress had concerns on the other issue of economic concern, inflation, employment, and infrastructure development. It cannot be completely off the table to receive more stimulus checks in the future, especially in light of another major market crash.

The truth is, even without these $12,000 IRS Stimulus Checks in June, it’s not all bad news. There are several states that have been calling in their own payments, albeit in much smaller amounts. Moreover, it is even possible that some, such as New York, will double the amounts announced for the summer. If so, we will inform you in good time, don´t hesitate.