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Details of the next incentive check: how you will be paid, who is eligible and when it can happen



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America’s third stimulus check could shake up the rules even more this time.

Sarah Tew / CNET

In a recent survey, 53% of respondents said it $ 600 second stimulus checks according to a Bankrate (Bankrate and CNET share a parent company), they won’t even last a month. President Joe Biden and his administration agrees. “We will not make people go hungry,” Biden said from the White House on Friday. “We cannot resist people are deported because they didn’t hurt themselves. “

Biden’s $ 1.9 trillion stimulus package proposal contains a $ 1,400 third stimulus check, which would make a combined maximum of $ 2,000 per person if you add up the second and third party controls together. But more importantly to many, Biden’s proposal would certainly expand as well qualifications for the third stimulus check, which would make millions of families both qualify for the first time, or receive more money for it dependents who have been omitted from the previous two rounds.

Biden’s vision doesn’t provide all the final details on a third payment, but it’s enough to start figuring out how much money households can expect. when the third check might come and – more importantly – how those incentives finance would be delivered. Tax season adds an extra wrinkle since the IRS orchestrates both stimulus check assignments and tax returns and returns. This is what we know about one so far third stimulus check, including how you can settle in during tax season to possibly get the new funds faster.

Can a vote be taken on a new stimulus check on 1 February?

The House of Representatives won’t be back in session until Feb. 1, but plans are to introduce a bill shortly thereafter.

“We’ll be doing our committee work next week so we’re all set to go to the floor when we get back,” house speaker Nancy Pelosi said in a press conference on Thursday.

It is not clear whether this will be a sweeping stimulus package as suggested by Biden, or a smaller, patchy bill targeting a third stimulus control and Distribution of COVID-19 vaccines, as reported by Punchbowl News, a new outlet created from former Politico journalists, reporting on Capitol Hill activities.

Are the checks $ 1,400 or $ 2,000? Can that change depending on who you are?

Biden’s incentive plan requires the next check to be up to $ 1,400 per eligible adult – not the $ 2,000 some originally expected. The idea is that this third check “raises” the maximum of $ 600, as defined in the second incentive check, to $ 2,000 once you combine the totals per person.

Biden said at a Jan. 14 press conference that “we will finish the work to get $ 2,000 in cash for the people who need it most.”


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“Even for people who have kept their jobs, getting this check is very important,” added Biden, noting that workers who are concerned about job security or falling ill would get peace of mind and the money immediately on food and drink. could spend rent. “$ 2,000 goes a long way to ease that pain.”

We can’t say for sure why Biden chose $ 1,400 as the maximum instead of $ 2,000, but there has been opposition to a $ 2,000 incentive payment (more below). Combined with the second $ 600 check going out, a maximum of $ 2,000 would make a total of $ 2,600 per person, disregarding dependents. If Biden tries to keep the proposal below $ 2 trillion, a bigger stimulus check could do his thing Proposed $ 1.9 Trillion Incentive Bill over the threshold.

One question that concerns people is whether, if the qualifications were expanded to new groups of people not included in the first round, the new recipients could get the full $ 2,000 amount.

How can qualifications of stimulus checks differ?

Biden proposes two changes that are popular among Democratic lawmakers. The first would expand qualifications to dependents of any age, including more than 10 million adult dependents, such as college students, older adult relatives and children of all ages with disabilities. This would cover 13.5 million more people, according to the People’s Policy Project.

The second change to qualify includes “all mixed status households” (PDF) according to Biden’s proposal. The term mixed-status household refers to households with one or more people who are not US citizens, for example, if the parents are not US citizens, but their children, who were born in the US. The second stimulus controls comprehensive suitability for families with one citizen partner.

How soon would the IRS be able to send the checks and would there be a different deadline?

The IRS and the Treasury Department are moving at lightning speed deliver the second stimulus controls, starting within days of being signed by Trump December’s Incentive Act. But they had to. The language of the invoice only offered a 17-day window to send the checks before the deadline imposed. There were millions of direct deposit errors, and now anyone who lacks incentive money will have to claim it as part of the 2020 tax filing. (Yes, even taxpayers, also.)

It’s too early to say if the IRS would automatically send a third check to the recipients, as they had done with the second stimulus controls, or if the money would be packed in one Refund Discount. or something. We go through more possible scenarios for the third stimulus check timeline here.

How would the third stimulus check affect the economy?

The idea of ​​one stimulus control is for people to use iteither by paying for basic necessities such as rent and food, or by putting it back into the economy in other ways, such as buying goods and services. Some have suggested that people who save their incentive payments don’t use the checks as intended, but the money is given freely and clearly, with very few exceptions about how it is stored or used.

Stimulation accounts are clearly expensive and create government debt. If Biden’s proposal remains unchanged, it would cost $ 1.9 trillion.

“Neither the president-elect nor I are proposing this aid package without appreciating the country’s indebtedness,” said Janet Yellen, Biden’s choice of finance minister, CNN and others reported Jan. 18. “But right now, with interest rates hitting historic lows, the smartest thing we can do is act big.”

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How much money could a third incentive check really bring to your household? We will see soon.

Sarah Tew / CNET

What are the biggest obstacles to a third stimulus check?

There is already a pushback from Democrats in more ways than one. With the Senate is evenly dividedopposition from just one Democratic senator could sink the party’s hopes of a major third stimulus check.

“$ 2,000 means $ 2,000. $ 2,000 doesn’t mean $ 1,400,” Alexandria Ocasio-Cortez told The Washington Post on Jan. 14, referring to Biden’s earlier and repeated commitment to a $ 2,000 incentive check.

At the other end of the spectrum, Senator Joe Manchin, a centrist Democrat from West Virginia, repeatedly expressed concern about the cost of a third stimulus check, suggesting that the financial aid could be better targeted at those who need the money the most .

“How can the money we invest now best help us get jobs back and get people into work? And I can’t tell you that sending a new cash register will do that to someone who I already have a checkManchin said on Jan. 8, later reportedly saying he was “open” to hearing Biden’s case for a bigger stimulus check, but prioritizing vaccine distribution.

Many Republicans are expected to object to a new expensive stimulus package, especially one that could do more double the $ 600 stimulus check. With a new Democrat-led senateSchumer is counting on pushing the legislation through, especially now that Vice President Kamala Harris will act as a tiebreaker.

There are several ways that a $ 1,400 check can make more money for families

A higher maximum total per person is the obvious way your household would receive more money from a third check than the second, but there’s more to it. Because the upper limit for the second check is $ 600 per adult, with an extra $ 600 per child depending, the route the IRS formula works, more people hit the income threshold for receiving a second payment, which means they will is actually not eligible for incentive money all the way.

A third stimulus check would:

Here are other ways a third stimulus check could generate more money in your pocket.

For more information, here is other funding included in the next stimulus package, how calculate the payment of your second stimulus check and who may not qualify for a stimulus check.




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