2023 has been a challenging year for many Americans. From enforced lockdowns to a continuing rise in the cost of living, many residents have leaned on state-executed welfare measures, including stimulus checks and tax rebates, for help. Unfortunately, those checks are now coming to an end, and people need to be ready for a more challenging financial year.
In 2020 and 2021, the irs sending out checks 2023 three rounds of economic impact payments to provide relief to taxpayers affected by the COVID-19 pandemic. This is also known as a “stimulus check.” While these payments helped many Americans, scam artists took advantage of this opportunity to steal personal information and money. This particular scheme has been around for over two years and is constantly evolving. In the latest version of this phishing scam, fraudsters are contacting people with emails claiming that the IRS is going to send them an update on the status of their third round of economic impact payments.
IRS Stimulus Checks 2023: Eligibility, Amounts, and Distribution
To receive this payment, taxpayers must have filed their return by Oct. 15, 2021, and meet the income limitations for their filing status (single filers, married couples). Typically, eligibility decreases with increasing household size. Individuals can find more information on the IRS website. Also, if you received this payment, make sure to report it on your tax return. This will help ensure that the IRS properly allocates these funds to eligible individuals and families. Taxpayers who don’t report this income may face additional taxes and penalties in future returns.
