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Saturday, October 16, 2021

Stimulus Check Wanted Back By IRS?

Stimulus Check was sanctioned by the federal government in March. The coronavirus pandemic left the whole world devastated. Shutdowns were implemented all over the country. With America, it was no different. People ran into a frenzy as most of them lost their jobs. Daily workers and on-site employees suffered the most. A large number of citizen’s salaries were compromised. The economy took a sudden decline. To combat the adversities, monetary fundings were announced. Qualified citizens received the Stimulus Check which took the financial load off their shoulders. However, there seems to be a problem recently. The third installment has been rolled out and now the IRS seems to be asking for payback! Recent reports have come pouring about the IRS wanting the stimulus money back. Let us take a detailed look at what the fuss is all about. 

Stimulus Check: Checks Worth Thousands Are Demanded Back By IRS

IRS has rolled out three sets of Stimulus Checks so far. The first and the second round of payments were $600 & $1200 respectively. The final round was rolled out recently. The third check dispatched was $1400. All the qualified citizens received their money as direct deposits.

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The IRS is asking Americans to return the money now! A large number of citizens have reported receiving letters from the IRS. They have been asked to pay back their stimulus money entirely or in parts. People residing in different states have got the mentioned letter.

A resident of Massachusetts, Natalie Bonelli has received such a letter. She was shocked to find out that the government had asked her to pay back $600. They also added interest of $3.12 with the stimulus check. The resident was very much tensed and tried to contact the IRS. The IRS has asked its citizens to trace their payments in case of any confusion. However, the process is pretty complex. The current scenario leaves Americans in utter confusion. 

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