# Stimulus checks 2022
Inflation Stimulus Checks 2022: Update
2022 has produced an intense level of inflation that was unseen in the United States for over 40 years. The price of gas, food, and rent prices have increased drastically following the coronavirus lockdowns and Russia's invasion of Ukraine.
Third stimulus payments are not taxable: IRS clarifies
American taxpayers are confused amidst rumors regarding the third stimulus payments doing rounds on social media. Many falsely suggest that IRS will tax the third Economic Impact Payments issued in March last year. However, the IRSIRS has clarified the matter and has brushed aside the rumors.
The last $1,400 stimulus checks will be sent to eligible parents this tax season
The third tranche of stimulus checks was sent to more than 169 million U.S. taxpayers in 2021. However, there is a consensus on Capitol Hill that the $1,400, the most significant stimulus amount in pandemic aid, will be the last, and there will be no more aid forthcoming.
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Student loan borrowers get major relief; child tax credit refunds won’t be seized
The Education Department assured the borrowers that it would not cut down on tax refunds to claim loan repayments. After this decision, millions of student loan borrowers will breathe a huge sigh of relief. The taxpayers will start receiving tax refunds after the culmination of the 2022 tax season.