Stimulus payments in August...?

Question

Did anyone hear that they may be another rebate out in August? My aunt said she heard it on the news. Thanks for the info.

Answer 1

If there was a mistake in the calculation of the first rebate, the IRS hopes to get the additional money out in August.

This only applies to people whose first rebates were incorrect and doesn't apply to most people.

Answer 2

There were rumors. I certainly hope not. Most people are actually paying off credit cards or saving it, not spending it as was the goal. Sure once cc's are paid off money is spent again, but not as quickly as the government had wanted. The fact that the money is borrowed really bothers me because we are just adding more to the nation's debt as a whole.

Answer 3

Congress is discussing it but nothing has been decided yet.

Answer 4

Your aunt heard wrong.  Several politicians have suggested it, but nothing has been formally introduced, let alone passed into law.