Lately, there’s been a surge in online chatter about a supposed $8,700 IRS stimulus check arriving this April. If that sounds too good to be true, you’re not alone in wondering. The truth? There’s currently no official announcement confirming such a payment. Still, it’s worth looking into where this rumor came from and which real financial aid programs might be getting confused with it.
Overview
Despite the hype, the IRS has not confirmed an $8,700 stimulus check. The figure appears to be a mix of speculation and misunderstandings about existing tax credits, particularly the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC).
| Topic | Details |
|---|---|
| Rumored Stimulus Amount | $8,700 (not confirmed) |
| IRS Confirmation | No official announcement |
| Related Programs | CTC, EITC, Recovery Rebate Credit, SNAP |
| How to Stay Updated | Visit IRS.gov and official state resources |
So, while it’s unlikely you’ll see an unexpected $8,700 check from the IRS, you might still be eligible for thousands in tax credits or assistance programs that often go unclaimed.
Origin
Where did this $8,700 number even come from? Most likely, it stems from a combination of:
- The 2021 Child Tax Credit expansion, which offered up to $3,600 per child.
- Multiple credits stacking together, especially in families with several dependents.
- Speculative proposals, some suggesting new monthly payments or boosted tax credits.
When you add these ideas up, especially across several children or multiple programs, the total could theoretically approach $8,700—but it’s not a lump-sum stimulus payment from the IRS.
Programs
Even if there’s no new stimulus, you could still benefit from existing programs. Let’s break down the top ones that offer meaningful support:
1. Child Tax Credit (CTC)
- Who Qualifies: Families with children under age 17
- Income Threshold: Earned income of at least $2,500
- Max Benefit: $2,000 per child
- Note: You must claim it when you file your taxes
This credit was enhanced in 2021 but has since returned to its standard amount.
2. Earned Income Tax Credit (EITC)
- Who Qualifies: Low- to moderate-income workers, with or without children
- Max Benefit: Over $6,900 for families with three or more kids
- Even If You Don’t Owe Taxes: You might still receive a refund
This is one of the most underused credits available, so it’s worth double-checking your eligibility.
3. Recovery Rebate Credit
- Who It’s For: People who missed out on stimulus checks during the pandemic
- How to Claim: File or amend a tax return using Form 1040 or 1040-SR
- Deadline: There’s a limited time to claim, usually within 3 years
Don’t miss this one—it could be a way to catch up on missed stimulus funds.
4. SNAP
- Purpose: Helps low-income families buy food
- Where to Apply: Through your state’s SNAP office or website
- Monthly Average: Around $230 per person
This program isn’t tied to the IRS but offers serious support for grocery bills.
5. TANF
- Eligibility: Low-income families needing help with housing, food, or job support
- Benefits: Monthly cash payments and work assistance
- Application: State-based and varies by location
TANF isn’t a tax credit, but it’s another valuable program often overlooked.
Reality
If you want to stay ahead and make the most of real benefits, follow these steps:
1. Stick to Official Sources
Always check IRS.gov for the latest news about stimulus checks, tax credits, and refund information. Ignore posts or messages that can’t be verified.
2. Work With a Tax Pro
A licensed tax advisor can spot credits you might miss and help file amendments for past years if needed.
3. Use Trusted Tools
Services like TurboTax or Free File programs through the IRS make it easier to apply for refunds and credits without missing a step.
4. Watch Out for Scams
Scammers love to take advantage of headlines. Never share your personal or banking info with anyone claiming they’ll get you a stimulus check faster.
The bottom line? There’s no IRS-approved $8,700 check on the way—but that doesn’t mean there’s no support available. Many families are leaving real money on the table every year by not claiming credits or programs they qualify for.
FAQs
Is the IRS sending $8,700 in April?
No, there is no official confirmation of this payment.
Where can I check stimulus updates?
Visit IRS.gov for accurate and updated information.
What tax credit helps families most?
The Child Tax Credit offers up to $2,000 per child.
Can I get money if I owe no taxes?
Yes, credits like EITC offer refunds even if no tax is owed.
What is the Recovery Rebate Credit?
It helps people who missed prior stimulus checks.
