The COVID-19 pandemic caused a massive economic crisis, leading the U.S. government to issue stimulus checks to help struggling Americans. Between 2020 and 2021, three rounds of payments went out, totaling over $814 billion. While the economy has improved since then, many people are still feeling the financial strain.
With that in mind, many Americans are wondering: Will there be another stimulus check in 2025? Here’s what we know so far.
The IRS Has Stopped Sending Stimulus Payments
Government officials have made it clear that no new stimulus payments are planned. According to IRS spokesperson Anthony Burke, all Economic Impact Payments have been distributed. However, there is one last chance to claim unpaid stimulus money through the Recovery Rebate Credit. If you did not receive all your stimulus payments, you can file for this credit before April 15, 2025.
This means that while new stimulus payments are unlikely, some people might still be able to receive additional funds if they missed previous rounds.
Rumors About a Fourth Stimulus Check
In late 2024, false rumors about a fourth stimulus check spread online. One widely shared claim stated that $2,000 payments would be sent to seniors and disabled individuals in 10 states. However, this was quickly debunked.
AARP writer Andy Markowitz confirmed that no additional stimulus checks are coming. There is currently no legislation supporting another round of direct payments to Americans.
What About the DOGE Dividend Stimulus Check?
There have also been discussions about a different type of financial relief, known as the DOGE Dividend Stimulus Check. This concept was introduced by James Fishback, CEO of Azoria, and has even been backed by Elon Musk and former President Donald Trump.
The proposal suggests using federal savings from the Department of Government Efficiency (DOGE) to send out $5,000 checks per household. Here’s how it would work:
- The government would cut $2 trillion in federal spending.
- A portion of these savings would be sent to taxpayers.
- The remaining funds would go toward reducing the national debt.
Critics argue that this plan could increase inflation and add to financial instability. Supporters, however, believe it could help middle-class families without worsening inflation. As of now, no final decision has been made on whether this plan will move forward.
What Can You Do If You Need Financial Help?
Since another stimulus check is unlikely, it’s important to explore other ways to improve your financial situation. Here are some steps you can take:
- Check if you qualify for government assistance. Programs like the Supplemental Nutrition Assistance Program (SNAP) and rental assistance may help.
- Look for tax credits. The Child Tax Credit and Earned Income Tax Credit could provide financial relief.
- Consider side gigs. Freelancing, delivery driving, or remote work can help you earn extra income.
- Create a budget. Cutting unnecessary expenses and planning your finances carefully can help you stay on track.
While many Americans hope for another stimulus check in 2025, there is no official plan for one. The IRS has already issued all Economic Impact Payments, and while the DOGE Dividend proposal is gaining attention, it is not yet approved. If you need financial help, consider filing for the Recovery Rebate Credit before April 15, 2025, or looking into other government assistance programs. Staying informed and exploring different financial strategies will help you navigate these uncertain times.
Visit Home
