IRS $1702 Stimulus Check 2025: American citizens may get another big relief in 2025.The new $1,702 stimulus check proposed by the Internal Revenue Service (IRS) provides relief to many families and individuals, especially during the time when inflation and the cost of living have kept on surging. In this article, we will explain, in detail, what this payment is, what is the plan behind it, who automatically qualifies for it, and what the process is to follow in order to receive it.
What is IRS $1702 Stimulus Check 2025?
This $1702 payment proposed by the IRS is a type of federal economic relief package, which is specifically designed to support the low and middle income groups. This payment will be helpful in balancing the slowdown in the US economy and the rising cost of living.
The government aims to put a little more money in the pockets of citizens through this check so that they can easily handle their basic expenses like rent, medical, education, and food.
Who are eligible for this stimulus payment?
According to the guidelines released by the IRS, the following individuals are likely to get the benefit of this $1702 stimulus check:
- U.S. Residents
- Whose annual income is within a certain limit
- For single filers: up to $75,000
- For joint filing (married couples): up to $150,000
- Those who have a valid Social Security Number (SSN).
- Those who have filed a 2024 tax return or are on record with the IRS.
- Those who have dependent children may also get an additional amount.
When will this payment be received?
The IRS has not yet announced an official payment date, but it is expected that the first installments may be issued between May and July 2025.
As more information comes out, the IRS will provide updates through its website and government media channels.
This amount is usually sent by the IRS in two ways:
- Direct Deposit: If you had provided your bank account information in the tax return, then the amount will be sent directly to the same account.
- Paper Check or Debit Card: For those whose bank details are not available, this amount can be sent through post in the form of a check or Economic Impact Payment (EIP) card.
How to claim?
- If you are already a tax filer and your income is within the limit, then you do not need any additional process.
- The IRS will automatically send this amount to eligible citizens.
- However, if you did not file taxes in 2024, you will have to follow the steps given below to get this payment:
- Go to the IRS website (irs.gov) and use the Non-Filers Portal.
- Upload the required documents like SSN, address, and bank details.
- File the tax return quickly.
Who will not get this amount?
There are some categories who will not get this stimulus check:
- Citizens who are not on IRS records.
- Whose income is above the prescribed limit.
- Undocumented immigrants or those who do not have SSN.
- People who are included in the tax return as Dependent.
Beware of fraud?
- The IRS has also warned that incidents of fraud may come to the fore in the name of this stimulus scheme through fake emails, phone calls, and text messages.
- Never share your personal information like SSN, bank details, or OTP with anyone over the phone.
- The IRS never calls and asks for information, it only contacts through the official website.
Is this amount taxable?
No, according to the IRS, this stimulus check is not taxable. This means that you do not need to include it in your income and neither will you have to pay tax on it.
This payment has been approved under a new budget proposal passed by the Congress. This plan has been brought with the aim of controlling the country’s economic recession and maintaining the purchasing power of the citizens.
Conclusion:
This IRS stimulus check of $1702 can prove to be a significant relief for millions of Americans in 2025. Especially for those who are constantly struggling with rising inflation, rent and medical expenses. If you are eligible for this, make sure that all your tax documents are updated and the IRS has your correct information. If you haven’t filed your 2024 taxes yet, file quickly so this help can reach you on time.
FAQs
Q.1 Are those who have an ITIN eligible for this payment?
A. No, this payment is only for SSN holders. Those who only have an ITIN (Individual Taxpayer Identification Number) will not be eligible for this check.
Q.2 When will I get this payment?
A. The IRS has not released the exact date yet, but it is likely that payments may start from May 2025. The official dates will be announced on irs.gov.
Q.3 How will I receive this amount?
A. If you have provided Direct Deposit information in the tax return then this amount will come directly to your bank account. Otherwise it will be sent by mail in the form of a check or debit card.
Q.4 If I did not file my 2024 tax return, will I get this check?
A. If you haven’t filed a tax return, you need to report your information to the IRS using the Non-Filers tool or file taxes as soon as possible.
Q.5 Is this amount of $1702 taxable?
A. No, this amount is tax free. You don’t need to include it in your taxable income.
