Fact Check: Feds Say Virus Impact Check Won’t Be Repaid

Videos and online reports claiming millions of Americans will have to repay the relief checks they receive from the federal government under the $2.2 trillion coronavirus economic recovery bill are not true.

The government began issuing the one-time payments this week. Most adults who earned up to $75,000 will see a $1,200 payout, while married couples who made up to $150,000 can expect to get $2,400. Parents will get payments of $500 per child. The checks will be directly deposited into bank accounts or mailed to households, depending on how you have filed your tax returns in the past.

In recent days, social media posts have falsely claimed there is one catch to this money – that you will eventually have to pay it back.

“Next year, you’re automatically going to owe $1,200 come tax season,” one of the videos, viewed hundreds of thousands of times on YouTube, falsely claims. The video has also been shared widely on social media platforms including Facebook, Instagram, Twitter, and TikTok.

The U.S. Treasury Department and Internal Revenue Service, which are working to deliver the money to people, confirmed to the Associated Press that households will not have to pay back the money in next year’s tax filing.

“This is not an advance and there is absolutely no obligation to pay it back,” Treasury spokeswoman Patricia McLaughlin said in an email.

The federal government uses information from 2018 or 2019 tax returns – whichever was filed most recently – to determine eligibility for the payouts. Those payments begin to get smaller for adults making more than $75,000 and phase out entirely for those earning more than $99,000. For married couples, the payments get smaller for those earning more than $150,000, falling to zero at $198,000. For heads of household with one child, the benefit starts to decline at $112,500 and falls to zero at $136,500.

The confusion on social media appears to have stemmed from language in the economic rescue bill that refers to the checks as an “advance refund” because the money is being given out in the 2020 tax year, before Americans have even filed their tax returns for the year.

The 2020 tax form has not been printed, but the relief checks will not have any bearing on your income deductions next year, said Eric Smith, a spokesman for the IRS.

via newsmax

4 comments

  1. There will always be some liberal SOBs that insist on scaring the hell out of people so they won’t trust the government and cause panic . Do not listen to liberal Democrats as they are all crazy and mean as they can e ..even to those they represent directly. These jerks need to be removed from office!

  2. Absolutely JC , and that’s how we drain the swamp by voting them out of office and removing them from government.

  3. The US taxpayers are going to have to pay this any way you want to slice it. While it may not show on a tax form it is still taxpayers’ debt.

  4. Well, it IS money that is being created through national debt that succeeding generations will end up repaying somehow, or the nation will collapse.

    For those who really need assistance right now, or facing eviction or other financial losses, it’s a scary time; and those who prey on those fears should be condemned.

    What got me upset about the stimulus assistance is the connection of the fed with money-hungry private industry. The IRS partnered up with a bunch of Tax-preparer services like H&R Block and TurboTax. People who used those services last year have had their assistance payments sent into the services’ bank accounts instead of the citizens’ accounts directly. And, the services are holding the payment as hostage to create an income for themselves, even though the citizen may not wish to use their service this year.
    Tax filing is extended until July 15, but the services are encouraging people to file right now, in order to receive their stimulus payment.

    It’s the result of years of government corruption manifesting within the IRS coming to a head during a time of need.

    If you used a tax preparation service like TurboTax or H&RBlock, you may never get your stimulus assistance payment; unless you file through them again this year.

    Millions of Americans have paid billions of dollars to corporations for tax preparation they should have been able to get free of charge. This year, anyone who made under $69,000 does not need to pay to file; they are eligible to file taxes for free through an IRS program called Free File.

    TurboTax does have links to the ‘free’ IRS service, but it’s rather misleading. They cleverly guide you into one of their paid portals by not labeling the IRS ‘link’ properly.

    Americans who desperately need checks to help cushion the coronavirus crash are being targeted by big-money companies all over again.

    https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here

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