Wondering if you are going to get a $5,000 check from DOGE? Here's an update on what stimulus check is about and if you qualify

With the conversation turning to a spending bill to fund the government, some Americans may be wondering what that means for the proposed $5,000 DOGE check, meant to be funded with savings from the Department of Government Efficiency and sent to taxpayers as a dividend.

A proposal to provide $5,000 stimulus checks to taxpaying Americans has gained attention, with backing from Donald Trump and Elon Musk. The plan, introduced by investment firm CEO James Fishback, aims to return government savings to taxpayers.

Here's what we know so far about what these payments might consist of, who could get them, and how New York officials have responded.

James Fishback said that anyone who files a federal income tax return and pays federal income tax would qualify.

DOGE claims to have already saved $55 billion in government cuts so far, but the figure has not been verified.