A federal stimulus plan under development by the U.S. Treasury and the Internal Revenue Service (IRS) could deliver a $1,390 payment to eligible households as early as mid-summer 2025. The payment is being framed as part of an economic stimulus effort currently being developed.
Key details to know
– The stimulus payment is tax-free and will not affect eligibility for Medicaid, SNAP, housing assistance, Social Security, Veterans Affairs benefits, or Railroad Retirement benefits.
– Eligibility hinges on having previously filed a tax return. Those who have not filed are not currently set to receive the check unless they take the necessary steps to register.
– The plan includes different income thresholds:
– Individual taxpayers with incomes up to $75,000
– Married couples filing jointly with incomes up to $150,000
– Heads of households with incomes up to $112,500
– Beneficiaries of programs such as Social Security, VA benefits, and Railroad Retirement are included, along with families with eligible dependents.
Timing and delivery
– The IRS has not announced an exact payment date, but deposits are expected to begin in the summer of 2025.
– Payments could be automatic for those who have already filed their tax returns or who receive federal benefits. Those who did not file taxes or who do not receive benefits will need to register to receive payment.
Ways to receive the money
– Direct deposit, which is the fastest method if the IRS already has your banking details.
– Paper check mailed to your home address if no bank details are available.
– EIP debit card for certain eligible beneficiaries.
– The IRS will update its Get My Payment online tool in 2025 to verify eligibility, payment method, and delivery status.
What to watch for
– There is no official release date yet, and the plan is subject to final approvals and administrative steps. If enacted, the payments would be distributed in mid-2025 to eligible individuals and households.
Additional context and potential impact
– This proposed payment aims to help low- and middle-income households cover rent and basic living expenses.
– It’s designed to be accessible by keeping the funds tax-free and by ensuring that benefits from other federal programs are not reduced by the payment.
Summary
If approved, eligible U.S. households could receive a $1,390 stimulus payment starting mid-2025. Eligibility depends on income thresholds and having filed a tax return, with automatic delivery for those already in the IRS system and options for those who don’t currently file. The IRS will provide updates through Get My Payment and other channels as the plan progresses.
Possible positive outlook
– For households meeting the criteria, the payment could offer meaningful relief for essential living costs during the summer period, while maintaining eligibility for existing federal benefits. As the plan develops, stay tuned for official confirmations and detailed instructions from the IRS.
Note: If you’d like, I can add a quick checklist for readers on how to prepare—collecting tax documents, ensuring current contact information with the IRS, and setting up Get My Payment updates.