IRS direct deposit stimulus in October? Here’s what we know

The Brief

No new federal stimulus payments are planned for 2025.

Viral posts claimed a $1,702 deposit was coming earlier this month.

The IRS warns of scams using fake checks and phishing tactics.

Rumors are circulating online about an IRS direct deposit stimulus payment hitting bank accounts in October or before year’s end. Are they true?

No. There are no new federal stimulus payments planned for 2025. The last was the $1,400 Recovery Rebate Credit from 2021, which had a final claim deadline of April 15, 2025.

Earlier this month, viral posts claimed a $1,702 stimulus payment was on the way. Those posts appeared to reference Alaska’s Permanent Fund Dividend which is a yearly payment to eligible residents funded by state mineral revenues.

The IRS has repeatedly warned taxpayers to wat