Market Cap: $3.0032T -1.250%
Volume(24h): $54.5717B -27.780%
  • Market Cap: $3.0032T -1.250%
  • Volume(24h): $54.5717B -27.780%
  • Fear & Greed Index:
  • Market Cap: $3.0032T -1.250%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$96474.685590 USD

-0.63%

ethereum
ethereum

$1833.022451 USD

-0.70%

tether
tether

$1.000349 USD

0.01%

xrp
xrp

$2.215162 USD

-0.62%

bnb
bnb

$599.986858 USD

-0.43%

solana
solana

$148.607115 USD

-1.18%

usd-coin
usd-coin

$0.999965 USD

0.00%

dogecoin
dogecoin

$0.181277 USD

-1.29%

cardano
cardano

$0.698441 USD

-3.26%

tron
tron

$0.249140 USD

1.71%

sui
sui

$3.451508 USD

-1.34%

chainlink
chainlink

$14.522237 USD

-2.85%

avalanche
avalanche

$21.114867 USD

-4.55%

stellar
stellar

$0.274150 USD

-1.53%

unus-sed-leo
unus-sed-leo

$8.928571 USD

-0.19%

Cryptocurrency News Articles

title: Discussions around the DOGE stimulus checks are growing, but official payments remain unapproved

May 03, 2025 at 07:23 am

This content is brought to you by the FingerLakes1.com Team. Support our mission by visiting www.patreon.com/fl1 or learn how you send us your local content here.

title: Discussions around the DOGE stimulus checks are growing, but official payments remain unapproved

The Department of Government Efficiency (DOGE) was tasked with finding and eliminating waste in the federal government. Former President Trump’s team proposed a “DOGE dividend,” suggesting 20% of DOGE savings could be returned to taxpayers as $5,000 stimulus checks.

So far, DOGE has reported $160 billion in savings — enough for about $993 per taxpayer.

The proposal would limit eligibility to:

• Those who pay federal income tax in 2024.

• Dependents claimed on 2024 taxes would not receive a payment.

Retirees receiving taxable Social Security benefits may also be eligible if they meet the tax payment criteria.

As of May 2, 2025, there is no law authorizing DOGE stimulus payments. Former President Trump’s campaign has mentioned the idea in emails to supporters and his campaign website mentions the proposal, but Congress has not passed any legislation to fund the checks.

Without congressional approval, the DOGE stimulus remains a campaign proposal — not an active government program.

Economic uncertainty has led to increased public interest in any potential relief programs. With concerns over inflation and the high cost of living, many Americans are interested in updates regarding possibilities for payments.

However, experts advise against placing strong reliance on campaign emails or unofficial sources for updates on government programs or benefits.

Key takeaways:

• The Department of Government Efficiency (DOGE) was created to eliminate federal waste and return 20% of the savings to taxpayers as $5,000 stimulus checks.

• So far, DOGE has reported $160 billion in savings, which could translate to about $993 per taxpayer.

• To qualify for the DOGE check, taxpayers must pay federal income tax in 2024 and dependents claimed on 2024 taxes would not receive a payment.

• Additionally, retirees receiving taxable Social Security benefits may also be eligible if they meet the tax payment criteria.

• As of May 2, 2025, the DOGE stimulus has not been approved yet and there is no law authorizing the payments.

• The possibility of the stimulus checks is still being discussed and it remains a campaign proposal.

Stay tuned to FingerLakes1.com for the latest stimulus news and government updates.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on May 04, 2025