State Treasuries are currently holding over $58 Billion in unclaimed assets.
This includes uncashed checks, forgotten savings accounts, utility deposits, and tax refunds. 1 in 7 Americans has money waiting to be claimed. Is your name on the list?
August 2025 is a significant month for financial planning, but not because of a new broad-based federal stimulus package. Contrary to viral social media posts, the Internal Revenue Service (IRS) has not authorized a fourth Economic Impact Payment. The federal government has shifted its focus from pandemic-era cash injections to managing inflation and modernizing payment systems.
While there is no "bonus" check for all Americans, specific groups will see changes to their deposit schedules. Additionally, several states are utilizing budget surpluses to send targeted relief to eligible residents. Understanding these distinctions is vital to maintaining your financial health and avoiding scams.
Key Takeaways
- No Fourth Federal Stimulus Check: Rumors of a new $1,400 or $1,390 federal payment in August 2025 are false.
- Early SSI & VA Deposits: Beneficiaries will receive two payments in August due to the Labor Day holiday. This is an advance of September’s benefit, not a bonus.
- State Rebates Are Active: Residents in Montana, Minnesota, Pennsylvania, and Washington may claim targeted rebates or tax credits this month.
- Paper Check Deadline: The U.S. Treasury is phasing out paper checks by September 30, 2025, requiring beneficiaries to switch to direct deposit.
August 2025 is a significant month for financial planning, but not because of a new broad-based federal stimulus package. Contrary to viral social media posts, the Internal Revenue Service (IRS) has not authorized a fourth Economic Impact Payment. The federal government has shifted its focus from pandemic-era cash injections to managing inflation and modernizing payment systems.
While there is no "bonus" check for all Americans, specific groups will see changes to their deposit schedules. Additionally, several states are utilizing budget surpluses to send targeted relief to eligible residents. Understanding these distinctions is vital to maintaining your financial health and avoiding scams.
Millions of Americans receiving federal benefits will notice two deposits hitting their bank accounts in August 2025. This anomaly is caused by the calendar, specifically the Labor Day holiday on September 1, 2025. When a scheduled payment date falls on a federal holiday, the Treasury Department issues funds on the preceding business day.
Supplemental Security Income (SSI) and VA Benefits
Recipients of Supplemental Security Income (SSI) and Veterans Affairs (VA) disability compensation will receive their payments on the following schedule:
It is crucial to budget carefully. The second check arriving on August 29 is not extra money; it is your payment for September. You will not receive another deposit until October 1. You can verify this schedule directly through the (https://www.ssa.gov/pubs/calendar.htm).
While the federal government is not issuing stimulus checks, state legislatures have stepped in to provide relief. Several states have active rebate programs or tax credits distributing funds in August 2025.
Montana Property Tax Rebate
Montana homeowners have a specific window to claim relief for property taxes paid on their principal residence. The application portal opens on August 15, 2025.
Minnesota Property Tax Refund
August is a critical month for Minnesota homeowners and renters.
Pennsylvania Property Tax/Rent Rebate
The (https://www.pa.gov/agencies/revenue/ptrr) continues to distribute funds throughout August.
Washington Working Families Tax Credit
Washington State offers a refundable tax credit that functions similarly to a stimulus payment for low-to-moderate-income workers.
A major administrative change is approaching that affects how you receive your money. The U.S. Department of the Treasury has set a deadline of September 30, 2025, to stop issuing paper checks for most federal benefits.
If you still receive your Social Security or VA benefits via mail, you must transition to an electronic payment method immediately. You can enroll in direct deposit or the Direct Express® Debit Mastercard® program. Taking action in August ensures you will not experience any disruption in your funds come October.
The mix of real state rebates and fake federal rumors creates a prime environment for scammers. Be vigilant against phishing attempts.
.gov website of your state's revenue agency before sharing personal information.No, there were no new federal stimulus checks sent out in August 2025, and rumors regarding a "tariff dividend" or a $2,000 payment were unfounded. While proposals were discussed in Congress, no legislation authorizing direct federal payments was signed into law for that period.
Beneficiaries of Supplemental Security Income (SSI) received two separate deposits in August due to a scheduling quirk, not a bonus. Because September 1, 2025, fell on Labor Day, the payment for September was issued early on August 29, in addition to the regular payment on August 1.
While most states had concluded their surplus rebate programs, Georgia continued distributing its surplus tax refund (up to $500 for filers) during this window for those who filed late. Additionally, residents in Alaska prepared for their Permanent Fund Dividend (PFD), though the actual mass payments were scheduled for October, not August.
No, unlike the pandemic-era relief of 2021, the federal government did not issue monthly advance Child Tax Credit payments in August 2025. Eligible families must claim the full credit amount as a lump sum when filing their 2025 tax returns in early 2026.
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