Millions of Americans could soon receive a $1,390 stimulus check, according to reports citing the U.S. Treasury Department and the IRS. The payment is aimed at providing relief to low and middle-income households and is expected to roll out in late summer.
Officials have denied rumors of a $2,000 August payout, confirming only the $1,390 checks. Eligibility will follow the same income limits as past stimulus programs: up to $75,000 for individuals, $150,000 for married couples, and $112,500 for heads of households.
The payment will be tax-free and will not affect benefits such as Medicaid, SNAP, Social Security, or Veterans Affairs programs. The goal is to help Americans cover essential costs like rent, food, and healthcare at a time when living expenses remain high.
Neither the IRS nor the Treasury has directly commented, but the payment is expected to move forward under existing guidelines.
The news comes as President Donald Trump promotes other financial relief ideas. These incl...