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4 things that can make the delivery of stimulus control faster or slower after approval



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How fast could the IRS send your money? We have a number of possible dates.

Sarah Tew / CNET

The inclusion of a second stimulus control in a new proposal for emergency economic aid continues to be hotly debated in Washington, where some of the more outspoken members of Congress have said they will not vote for a bill that is not included another round of payments for qualified people.

Even if a stimulus check is approved in the next few weeks, chances are you won’t actually see it before 2021even though the IRS is expected to start sending out payments according to priority groups shortly after getting green light from Congress. note that some people may receive a higher pay, while others have a smaller payment or may not be eligible for incentive funding.

There are four major issues you should know about right now which we have outlined below. We’ve also built a stimulus calculator so you can get a estimate for your future payment amount.

This story is updated often.


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When will Congress vote on a new stimulus law?

This is not clear. Some will keep an eye on next week. Others, such as House Speaker Nancy Pelosi, have said it’s important to take the time it takes to get the bill right.

“If we need more time now, we’ll take more time,” Pelosi said Thursday. “But we need an account and we can’t go home without it.”

Since we cannot yet officially rule out another stimulus check, you can see that possibility reflected in scenario 1 in the graph below.

After becomes President-elect Joe Biden US president on January 20, the new administration could try again for a larger bill that can be another direct payment. That would mean that a check would be issued in February at the earliest. See the table below for possible dates. (Here are separate incentives that Biden could take if there is no incentive bill by inauguration).

read more: How big will your next stimulus check be? Calculate your estimate

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Are you hoping for a second stimulus check? You are not alone.

Sarah Tew / CNET

How long could it take for the IRS to send more stimulus checks?

In August, Treasury Secretary Steven Mnuchin said it would take about a week from when another direct payment is approved to when the IRS was able to process the first batch.

“I can get 50 million payments very quickly. A lot of that goes into people’s direct accounts,” Mnuchin said at the time.

If a check doesn’t arrive until 2021, a new Treasury Secretary will arrive – it’s not clear whether a power transfer would delay the sending of money. Biden has elected Janet Yellen, the previous chairman of the US Federal Reserve, for the position of the Treasury, although she must be confirmed by the Senate before taking office.

Even if the checks would go out faster the second time by following the existing IRS protocol from the first payment, it doesn’t necessarily mean your incentive money would come in a week after an account went live. The next section explains more.

On what date can I expect my second stimulus check?

Here is one stimulus check the truth of many: Not everyone gets a payment at the same time. On the first check, the IRS divided incentive payments into three main groups, depending on the form in which you received the money. We’ll explain more in the next section.

In the chart below, these speculative dates show when you might see a payment. The second scenario is possible if the House and Senate are recalled to vote and the session is officially extended. We’ve also outlined two timelines if a bill becomes law after Biden’s Inauguration day on January 20 to give you an idea of ​​how long to wait.

Possible dates on which a second stimulus check can go out

Scenario 1

Scenario 2

Scenario 3

Scenario 4

House passes the final bill

December 16

February 1

March 1

April 5th

Senate approves final bill

December 17th

February 2

March 2nd

6 April

President signs

December 18

February 3

3 March

April 7

First direct deposits issued

Week of December 28

Week of February 8

Week of March 8

Week of April 12

First paper checks sent

Week of January 4

Week of February 16 (February 15 is President’s Day)

Week of March 15

Week of April 19

First EIP cards shipped

Week of February 1

Week of March 15

Week of April 12

Week of May 10

Direct deposit, EIP card, paper check and you

The three groups you see above are just the beginning. They represent the IRS’s staggered timeline for sending payments with the first incentive check. We dive more into the five stimulus check priority groups for payments here.


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