India, Aug. 31 -- Rumors of a fourth stimulus payment have been flooding social media for quite some time now. Despite recent comments and legislative action on this matter, there is no official confirmation of a fourth stimulus payment being distributed to citizens following the previous three payments.

As per an IRS spokesperson's official statement to NBC Chicago, "There is no recovery rebate credit for taxpayers to claim" since no formal legislation in this matter has been passed by Congress. Many officials instead believe that this confusion might have to do with mistaking the recovery rebate credit on 2021 tax returns as additional stimulus payment.

The first stimulus payment was issued in March and April 2020, followed by a secon...