Stimulus Checks has been the big news ever since it was announced. It was designed by American President Joe Biden. The American Rescue Plan provided financial relief to the people of America. Citizens were very much delighted with the money. Most of the citizens spent their money paying off their debts. Others utilized the amount for meeting necessary needs. However, the increasing demands of the checks have seen some rumors popping up. Recent speculations surfaced about the rolling out of a new Stimulus Check. The amount was expected to be around $7000.
Stimulus Check News Of $7000: Fake?
The demands for receiving an added round of payments are increasing each day. This situation seems tailor-made for frauds and rumors to thrive. The government has already issued warnings about fake checks. Citizens were asked to be careful while providing their bank details. They were also requested not to disclose any personal information easily. A racket of frauds claimed to provide fake checks. These people later robbed the money of innocent citizens.
A recent rumor gained momentum. Citizens were made to believe that a $7000 check is on their way. Tentative dates were also announced for the receipt of the money. The speculated money was expected to be rolled out on 19th August. It would have been a direct payment to the bank accounts of the citizens.
All such claims have been turned down. There is no confirmed news of any more checks. The news about the $7000 payment turns out to be fake. However, there is a reason for the rumor. The third Stimulus check sent out by the IRS provides $1400. Families having children were also entitled to receive a tax credit. Households having up to 3 kids would have received a sum close to $7000.