Key Points
- Rumors about new 2025 stimulus checks remain unverified and unlikely.
- Trump's "DOGE dividend" idea hasn't resurfaced since February.
- Scammers may exploit fake stimulus promises to steal personal info.
- Make extra money to boost your finances without waiting for checks.
If you're looking for ways to supplement your income, the possibility of a new round of stimulus checks probably sounds terrific. Recently, the rumor running around the internet is that President Donald Trump is about to issue more free money to Americans.
Talk of extra cash in 2025 might sound appealing, but are the whispers true? Here is what you need to know.
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Is another stimulus check on the way?
Many Americans are hoping for a stimulus check to make its way into their bank accounts in 2025. Social media and other corners of the internet have been full of chatter that such payments are in the planning stages.
But that seems unlikely. So far, there is little evidence that Trump or anyone else is seriously considering issuing stimulus checks. As of now, neither Congress nor the IRS has published any official information to support this unfounded claim.
Didn't President Trump promise a stimulus check?
Trump did mention the possibility of a "DOGE dividend" in February. The idea was that the government would take some of the savings from the Department of Government Efficiency (DOGE) cost-cutting efforts and pay them out to Americans.
But Trump hasn't mentioned anything substantive about the idea since that time.
Will a DOGE check come my way eventually?
One can never say never. It's still possible that the notion of a DOGE dividend check could be revived.
However, DOGE seems to have lost a bit of steam, especially since the departure of Elon Musk, who was spearheading the effort. So, if you hope to get ahead financially, don't bank on a DOGE check helping you to do so.
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What is the recent history of stimulus checks?
The federal government has doled out several stimulus checks in recent years.
The first of these stimulus checks, officially called "economic impact payments," went out in March 2020. Checks were issued at $1,200 per income tax filer and $500 per child.
In December 2020, another round of checks went out at $600 per tax filer and $600 per child.
The last legitimate stimulus check went out in March 2021 at a rate of $1,400 per tax filer and $1,400 per child.
Since then, the flow of stimulus checks has dried up.
Can I still claim one of the past stimulus checks?
If you missed the last round of checks — which were issued in March 2021 — you just missed the deadline to claim it. The last day to request such checks was April 15 of this year.
And of course, it is far too late to claim either of the earlier two checks.
What if I'm offered a stimulus check?
Since the government isn't currently offering any stimulus checks, be wary of any offers of free money that you receive.
Of course, it would be nice to see extra money in your account. But anyone promising you a stimulus check is likely a scammer.
So, avoid providing any personal details to anyone promising free money.
Bottom line
A stimulus check can offer you a quick influx of cash. But such payments seem unlikely for now.
Since those checks are probably not on the horizon, it's a good time to take control of your situation and check up on your financial health.
Evaluate where your finances stand and how you can move forward in a positive direction, even if you don't have the extra push from a stimulus check. For example, consider developing a side hustle or selling some of the clutter from around the house.
Either option can give your bank account the boost it might need.
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