As August unfolds, rumors about a new $1,338 federal stimulus payment have captured attention—but here’s the truth: no such payment is scheduled or approved, according to official IRS statements. Although well-intentioned, this rumor stems from misinformation. Here’s what you need to know. The Rumor vs. Reality Past Stimulus Payments: What’s Different Now During the COVID-19 pandemic, multiple Economic Impact Continue reading
When Payments Arrive
$4,983 Direct Deposit In 2025- Who Qualifies, When Payments Arrive, And What You Must Know
Amid August 2025 updates, clarity is emerging around Social Security’s maximum benefit for retirees. The widely referenced $4,983 payment reflects the result of delaying retirement to age 70—before applying the 2.5% COLA. Once the adjustment is included, the maximum monthly benefit rises to $5,108. Here’s exactly who qualifies, when you’ll receive it, and why this matters. What Is Continue reading