The possibility of a DOGE (Department of Government Efficiency) audit is still much debated. Which is not surprising considering that it can put $5,000 into everyone’s pockets.
After investment business CEO James Fishback first suggested the idea in late February, President Trump was the first to bring it up.
“We’re considering giving 20% of the DOGE savings to American citizens and 20% to paying down the debt,” Trump stated in a digression last month addressing the Saudi-sponsored FII PRIORITY Summit in Miami Beach.
Concurrent with the announcement, USA TODAY revealed that DOGE’s website had erroneously stated the amount of money it had saved, with an inaccuracy of approximately $8 billion.
Just how, however, will this new stimulus payment materialize? Let me tell you what you need to know:
The Department of Energy and Gas (DOGE) has not yet announced any plans to minimize costs by issuing a stimulus check. The United States government cannot make any stimulus payments unless Congress gives its approval. Put simply, there will be no action any time soon.
Indeed, a few did.
Individuals whose 2021 tax returns did not include a Recovery Rebate Credit claim were sent a stimulus payment by the Internal Revenue Service. Anyone who did not get stimulus funds in the past might apply for the credit.
When the Internal Revenue Service (IRS) discovered that a large number of qualified individuals did not claim the Recovery Rebate Credit on their 2021 tax returns, they approved the stimulus program that Biden had outlined in December.
December and January saw the issuance of the stimulus payments. The Internal Revenue Service said that those who qualified might get up to $1,400.
If taxpayers submit their tax returns and claim the Recovery Rebate Credit by April 15, they may still be eligible for the stimulus payout, even if they do not file a 2021 tax return. This is according to the IRS.
A Trump project spearheaded by Musk, “special government employee” DOGE stands as the U.S. DOGE Service Temporary Organization as per official documents.
Department of General Services (DGS) aims to reduce government expenditure, loosen regulations, and “modernize federal technology and software to maximize governmental efficiency and productivity.”
Trump has been mum on the subject of the DOGE dividend and its certainty, but in his four-page proposal, Fishback outlined the plan as a refund “sent only to tax-paying householders” who fall above a certain income threshold, in contrast to the “indiscriminately” distributed checks during the pandemic.
When asked about the distinction between DOGE checks and previous stimulus programs, Fishback clarified that the former would not cause inflation since they would be “exclusively funded with DOGE-driven savings, unlike COVID stimulus checks, which were deficit-financed.”
As for the pandemic stimulus checks, Fishback explained that many low-income households received transfer payments equal to 25 to 30 percent of their annual income. He went on to say, “This exclusively goes to households that are net payers of federal income tax, and what that means is that they have a lower propensity to spend and a higher propensity to save a transfer payment like the DOGE dividend.”
While the DOGE stimulus checks appeal to fiscal conservatives, the plan faces steep hurdles:
For now, Americans are advised to focus on the IRS’s $1,400 retroactive payments (deadline: April 15) rather than banking on the DOGE proposal. As Fishback himself admitted, “This is a theoretical framework—not a policy reality.”
A: The Department of Government Efficiency (DOGE) is a federal initiative to cut government costs, modernize technology, and boost productivity.
A:.The proposal lacks official plans or Congressional approval, and DOGE’s accounting error raises doubts.
A: Per the proposal, tax-paying households above a specific income threshold—not low-income individuals.
A: Funded by cost savings (not deficits) and targets net taxpayers, aiming to avoid inflation.
A: Yes! File your 2021 tax return by April 15, 2024, to claim the Recovery Rebate Credit.
A: No. DOGE is a government efficiency program, not a cryptocurrency.