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IRS Relief Payment 2025: What to Know About the $1,702 Stimulus Rumor

Confusion Over a New Stimulus Payment

Recent social-media chatter about a $1,702 IRS relief payment 2025 has caused widespread confusion among Americans hoping for another federal stimulus check. According to the latest report from FOX 5 DC, no new nationwide stimulus payment 2025 has been approved or scheduled by the federal government. The rumor originated from online posts misrepresenting Alaska’s Permanent Fund Dividend (PFD) as a new federal relief program.

While many users online claim that the IRS will soon issue a $1,702 relief deposit, the IRS update clearly states that no such payments are being processed. Instead, the figure appears to reference Alaska’s annual state dividend, which distributes revenue from the state’s mineral wealth to eligible residents—not a federal stimulus effort.

What the IRS Says About Relief Payments

The IRS relief payment 2025 rumor has spread rapidly, but the agency has confirmed there are no federal stimulus or relief programs currently authorized. The last government-backed payment was the $1,400 Recovery Rebate Credit issued under the American Rescue Plan in 2021. That program officially closed to new claims on April 15, 2025.

This means that if you missed claiming your Recovery Rebate Credit before that date, you are no longer eligible to receive any payment from the IRS related to pandemic-era relief programs. Federal officials emphasize that any future IRS relief payment 2025 would require an act of Congress, which has not occurred.

The Alaska Payment That Sparked the Rumor

The viral claim about the $1,702 stimulus payment actually refers to Alaska’s Permanent Fund Dividend (PFD), not an IRS-issued check. The Alaska Department of Revenue confirmed that this year’s dividend was $1,000, distributed in two rounds on October 2 and October 23. Last year’s payout was $1,702, which explains why that number is circulating online.

Only Alaska residents who meet eligibility requirements—such as living in the state for an entire calendar year—qualify for this payment. It is not a national stimulus, nor is it connected to the Internal Revenue Service. Despite this, misinformation continues to circulate on social platforms, leading many to believe a federal IRS relief payment 2025 is on the way.

Warning About Scams and Phishing Texts

Alongside the misinformation, officials are warning the public about phishing scams pretending to be from the Alaska Department of Revenue or the IRS. Some users have reported receiving texts or emails asking them to “update password information” to claim the $1,702 payment. Authorities have confirmed these messages are fraudulent. The IRS and Alaska’s revenue department never contact taxpayers via text or email requesting sensitive personal data.

To stay safe, individuals are urged to verify all information directly through IRS.gov or official state websites. Avoid clicking links in unsolicited messages claiming to offer IRS relief payment 2025 updates.

No New Federal Stimulus on the Horizon

Economic analysts note that while inflation and cost-of-living challenges continue, the federal government has not proposed any new stimulus payment 2025 packages. Congressional discussions on new relief measures have largely focused on infrastructure and housing, not direct payments to taxpayers. The IRS continues to focus on processing backlogged tax returns and implementing updated digital systems.

As of now, any reference to a new IRS relief payment 2025 is unfounded. Citizens are encouraged to rely on official government communications rather than viral social-media posts or unofficial websites promising quick payouts.

Bottom Line

In short, the IRS relief payment 2025 rumor is just that—a rumor. The only $1,702 payment on record was Alaska’s 2024 state dividend, not a new federal stimulus. The IRS has not announced any new relief programs for 2025, and there are no federal checks scheduled to hit Americans’ bank accounts this year.

Stay informed and avoid scams by following verified updates from the IRS and trusted news outlets. For more insights into finance, startups, and policy developments, visit Startup News—your reliable source for the latest business and tech trends.

by Honey

Major U.S. Airports Face Widespread Flight Disruptions The Federal Aviation Administration (FAA) has ordered an immediate 10% reduction in air traffic at 40 major U.S. airports, including Denver Airport, Dulles Airport, and Newark Airport, due to staffing shortages caused by the ongoing government shutdown. The move has already triggered flight cancellations today, affecting both commercial and private aircraft operations across the country. Transportation Secretary Sean Duffy confirmed that the decision aims to preserve air safety as the FAA faces limited operational capacity. The restriction will remain in effect until normal staffing resumes, putting additional strain on airlines and passengers ahead of the busy travel season. Denver Airport Faces Significant Delays Denver Airport has been among the hardest hit by the FAA’s new directive. Airport officials reported that hundreds of flights were delayed or cancelled due to restricted airspace capacity. Travelers have been advised to check their flight status before heading to the terminal as delays are expected to continue throughout the weekend. A spokesperson for Denver International Airport said: “We are working closely with the FAA and airlines to manage schedules effectively. However, travelers should expect longer wait times and possible flight cancellations today due to the nationwide flight reductions.” The restriction also impacts United Airlines flight status at Denver Airport, one of the carrier’s key hubs. Many passengers have already reported flight delays on both domestic and international routes. Dulles and Newark Airports Also Affected Along with Denver Airport, Dulles Airport and Newark Airport have been forced to adjust flight schedules as part of the FAA’s 10% air traffic reduction. The order covers both commercial and private aircraft, limiting departures and arrivals throughout the day. Several United Airlines flight status and Delta flight status updates indicate numerous route changes and cancellations across the East Coast. Airlines have also begun proactively adjusting schedules to prevent overcrowding at terminals. Airlines Respond to the FAA Restrictions Leading U.S. airlines, including United, Delta, and American, have begun implementing contingency plans. Delta flight status trackers show that several routes through Denver Airport and MCO Airport (Orlando International) have been delayed by several hours. United Airlines issued a statement advising passengers to check their flight status regularly and offering flexible rebooking options without additional charges. The carrier has temporarily reduced frequency on select domestic routes to align with FAA requirements. Private Flights Limited at Major Airports The FAA order also restricts private jet operations at major airports such as Dulles Airport, Newark Airport, and Denver Airport. The new policy prioritizes commercial flights to ensure passenger movement while scaling back non-essential traffic. Private aviation companies have expressed frustration, citing significant business disruptions. Industry analysts expect private flight delays to continue until full staffing levels return at air traffic control centers. Nationwide Impact on Travelers With flight cancellations today across major hubs, thousands of passengers are facing travel chaos. Airlines and airports have urged travelers to verify their flight status before leaving home and to arrive early in case of security or boarding delays. Travel experts recommend …

by Honey

The cryptocurrency market has witnessed heightened volatility this week, with XRP plunging by more than 10% amid dwindling bullish momentum. According to Cryptopolitan, large XRP investors — often referred to as whales — are diversifying into Mutuum Finance (MUTM), a rising DeFi project that has quickly gained traction for its lending-based ecosystem and real-yield tokenomics. XRP Price Struggles Amid Market Pressure The XRP price has been trading within a tight range of $2.16 to $2.52, hovering near its critical Fibonacci support level of 0.382. While bulls are attempting to defend this zone, XRP continues to face resistance around its Exponential Moving Average (EMA) levels, limiting its potential breakout. Analysts suggest that for XRP to regain upward momentum, it must breach the $2.52 resistance. A successful breakout could open the path toward $2.77 to $3.10, but failure to hold support may push prices as low as $1.94. Despite the correction, data shows that open interest in XRP is rising, signaling an impending wave of volatility — though whether it will favor bulls or bears remains uncertain. This unpredictability has led several major holders to reallocate portions of their portfolios into emerging decentralized finance (DeFi) projects like Mutuum Finance, which some describe as a safer bet for short-term growth. Why XRP Whales Are Betting on Mutuum Finance As XRP struggles to maintain momentum, Mutuum Finance (MUTM) has emerged as a promising DeFi token. Priced at $0.035 during its Stage 6 presale, the project has already attracted over 17,800 investors and raised $18.5 million. With 85% of this stage sold, the project is rapidly approaching Phase 7, where the token price will increase to $0.04. The appeal lies in Mutuum Finance’s focus on real yield DeFi mechanics, allowing users to earn passive income through collateralized lending and borrowing systems. By combining transparency, risk management algorithms, and user rewards, the platform positions itself as a utility-driven alternative within a crowded DeFi landscape. For XRP investors, the logic is simple — diversify into projects offering utility and yield potential, especially as regulatory challenges and technical resistance weigh on Ripple’s short-term price action. Mutuum Finance: A DeFi Project on the Rise Mutuum Finance aims to bridge the gap between decentralized lending and sustainable yield generation. Its upcoming Sepolia testnet, expected to launch in Q4 2025, will allow users to deposit ETH or USDT as collateral, borrow funds, and earn rewards through mtTokens that generate MUTM incentives. The testnet will also evaluate core financial functionalities such as: These systems are designed to enhance user trust and platform longevity before a full mainnet rollout in 2026. Ripple vs. DeFi: A Strategic Shift The shift by XRP whales toward Mutuum Finance highlights a growing trend — investors are looking beyond traditional blockchain projects to DeFi ecosystems that promise consistent returns and innovation. While XRP remains a cornerstone of cross-border payment solutions, its price is increasingly influenced by market speculation, macroeconomic shifts, and ongoing legal scrutiny from regulatory authorities. In contrast, projects like Mutuum Finance leverage blockchain’s utility through decentralized …

by Honey

Major Corporate Consolidation in India’s Auto Sector The National Company Law Tribunal (NCLT) has officially approved the merger of Suzuki Motor Gujarat Pvt Ltd (SMG) with Maruti Suzuki India Ltd (MSIL), marking a significant milestone in India’s automotive sector. The tribunal’s green light clears the way for a major corporate consolidation that aims to streamline operations, improve efficiency, and enhance shareholder value for the country’s largest carmaker. A two-member bench of the Principal Bench in New Delhi, comprising President Ramlingam Sudhakar and Member Ravindra Chaturvedi, sanctioned the scheme of amalgamation on November 8, 2025, with April 1, 2025, set as the effective date. In its order, the NCLT stated that there was “no impediment in sanctioning the present scheme,” emphasizing that the merger aligns with the interests of shareholders, employees, and creditors. No Objections from Regulators or Stakeholders According to the Times of India report, all statutory authorities, including the Income Tax Department, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), BSE, and NSE, either supported the merger or raised no objections within the stipulated time. The NCLT noted that the merger application, filed under Sections 230 to 232 of the Companies Act, 2013, will be binding on both Suzuki Motor Gujarat and Maruti Suzuki India, as well as their respective shareholders and creditors. The tribunal also directed that Suzuki Motor Gujarat “shall stand dissolved without the necessity of a winding-up process” once the merger is implemented and a certified copy of the order is filed with the Registrar of Companies. Streamlining Operations for Greater Efficiency The merger is expected to bring several operational advantages for Maruti Suzuki India. Both companies stated in their joint petition that the consolidation will lead to cost efficiencies, administrative streamlining, and faster decision-making. According to their filing, the amalgamation will help eliminate duplication of administrative functions, reduce overhead costs, and enhance manufacturing productivity. The companies also highlighted improvements in key performance indicators such as hours per vehicle (HPV) and direct pass rate, which measure production quality and efficiency. All employees of Suzuki Motor Gujarat will be absorbed into Maruti Suzuki India after the merger becomes effective, ensuring a smooth workforce transition without any layoffs or job insecurity. Background of the Merger Suzuki Motor Corporation (Japan), which owns 58.28% of Maruti Suzuki India’s paid-up share capital, had proposed the merger to simplify its corporate structure and consolidate its manufacturing and sales operations in India. Suzuki Motor Gujarat, established in 2014 as a wholly-owned subsidiary of Suzuki Motor Corporation, manufactures vehicles and supplies them exclusively to Maruti Suzuki India. With this merger, Maruti Suzuki will gain full ownership and operational control over its Gujarat manufacturing facility, which currently produces over 750,000 vehicles annually. This move is expected to strengthen Maruti’s manufacturing capacity, streamline production planning, and reduce procurement and logistical redundancies. NCLT’s Approval and the Road Ahead The NCLT’s approval follows its earlier first motion order passed on June 10, 2025, which cleared the way for the final hearing. With the merger …