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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Is a $1,702 Stimulus Payment Coming in 2025? What We Know About the Tariff Rebate Rumours

Scams related to tax credits and refunds cost taxpayers over $162 million. (Credit: Shutterbug75/Pixabay.com)

Rumours of a tariff rebate, inflation cheques, or a fourth stimulus cheque are making waves on Social media. While over 8 million New Yorkers will receive inflation rebate cheques of up to $400 (£296), starting at the end of September, there is no confirmation from the Internal Revenue Service (IRS) or Congress of new stimulus cheques in varying amounts of $1,702 (£1,259) to $2,000 (£1,408) for Americans this year.

Hence, such news should be scrutinised and cross-checked with official sources, as it could be misinformation or attempts at fraud by scammers. Reports have also emerged that scammers are sending fake texts by impersonating IRS officials.

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