India, Oct. 27 -- Rumors about a $2000 federal direct deposit check surfaced on social media this week. The claims state that eligible Americans will get a massive stimulus payment in November. Despite viral posts promising direct deposits ranging from $1,390 to $2,400, the IRS has confirmed that no new stimulus payments are being issued next month.

The rumor has spread rapidly across TikTok, Facebook, and X, drawing excitement from Americans still recovering from the financial strain of inflation and high living costs. But this is likely a part of phishing or scam operations.

According to the IRS, any message requesting Social Security numbers, bank information, or payment of fees for stimulus eligibility should be treated as fraudulen...