India, Aug. 16 -- The Internal Revenue Service (IRS) has shut down social media claims that new stimulus checks worth $1,390 are on the way to millions of Americans. This comes days after posts about the alleged IRS and Treasury Department payments for low- and middle-income taxpayers surfaced.

The agency confirmed those reports are inaccurate, noting no new stimulus program has been authorized.

The speculation may have stemmed from a separate IRS announcement earlier this year, when the agency distributed $2.4 billion to taxpayers who had not claimed the 2021 Recovery Rebate Credit. That credit, worth up to $1,400 per person, was tied to COVID-era stimulus programs, but the deadline to file for it passed on April 15.

"Millions of Amer...