$800 Stimulus Check: Know the difference between truth and lies!

With the year 2024 coming to a close, there were rumors circulating online that reported an $800 stimulus check will be ready soon for seniors and low-income earners. A few social media posts and articles online claim that this money will be distributed soon to the more vulnerable sectors of people being affected by the increasing cost of goods. But first of all, it’s time to distinguish between the truth and fiction, and carefully examine information which is available on this so-called relief payment so far.

Let’s start with clarification: neither the federal nor the state administration of the United States declared officially yet that such a thing as an $800 stimulus check has been approved. In fact, the Internal Revenue Service (IRS) and the Department of the Treasury have neither confirmed nor denied such a check’s existence. To add to that, any other information was not released to the public via social media or some news stories.

What do we really know about the $800 stimulus check?

This information started spreading around on all the blogs and social networking sites without having any concrete sources to bring out the facts. None of the major news channels like CNN or Fox News have said anything about the issue. Best to be wary of these reports until they are officially confirmed.

Unverified rumors and misleading claims

During any downturn in the economy, it is rather easy for false or partial information to become widespread regarding alleged assistance and stimulation programs. Let’s take a look at a few of the prominent points that these myths about the putative $800 check make, and see why they are the case.

Assistance for low-income individuals and seniors

According to reports, this $800 stimulus check will mainly go to seniors and other folks who have fixed incomes and are bad in money mints. To date, however, no government agency confirmed that indeed there is a specific scheme that provides one-time checks of $800 to these groups of people.

Release date in November 2024

Another online rumor is circulating that says these monies will begin to be disbursed by November 2024. Nonsense. Any stimulus payments, as was seen for example when the COVID-19 pandemic was sweeping the world, have to be sanctioned by the Congress or at least okayed by some government agency. To date, no government agency has publicly spoken out about this scheme.

Distribution methods: direct deposit or paper check

It has been asserted that the $800 check would be mailed directly to eligible households, either through direct deposit or by mail. These are usual ways for receiving authorized economic assistance, but that is simply not true because no official evidence exists that the such a stimulus ever existed, or that any such program was authorized.

Income requirements for receiving the check

Some sites claim that an individual should earn at least the amount of money that they have to make every year prior to actually getting that stimulus check and that this is their income level: $75,000 a year in income for a single individual and $150,000 in income for a married couple filing jointly. While these levels of income are supposed to represent the thresholds for receiving a stimulus check, no government agency has verified these figures.

The truth behind stimulus programs in the United States

Since the outbreak of COVID-19, the US government distributed three rounds of relief checks to ease the country through an economic crisis that has never been experienced. The stimulus payouts were helpful to millions of people in passing through difficult times, but it made many people expect more for next time.

With inflation up over the past several years, many people are hoping to hear of some form of additional economic relief. But so far in 2024, no mention has been made by the government of these new checks on spending.

It comes as no surprise that people want to see a rebound in the economy as it is unstable and inflation is on the rise. However, it needs to be remembered that these are types of financial assistance that require some legislative and budgetary process before implementation, as well as Congressional approval and a presidential signature.

Where does the confusion come from?

We do not know definitely where the information came from. The websites often write sensational stories that will excite people into clicking on their stories, resulting in false information. Social media tells stories so fast, and many people believe things that are not covered by news sources.

FAQs On $800 Stimulus Check