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If a second stimulus check is approved, when the IRS might schedule payments



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How soon could your second stimulus check come? We list a number of possible dates, from the moment the bill is accepted to the moment when your money could actually arrive. James Martin / CNET

The House approved an emergency measure to prevent the government from closing at the end of the month, but a two-part deal on another economic bailout may not be imminent. The early vote for the election has begun but the deadline to approve more incentive money – and when you could receive the next payment – comes may not be out before November 3rd.

If a second round of direct payments comes out of Washington, the qualifications may not be the same as in the first round, and some people would get paid much faster than others. Looking at how the IRS sent the first round of stimulus checks to some priority groups before others can provide clues as to a possible priority order in a second check; more information is described below. Also make sure you are aware of the Top Incentive Payment Topics and review this story for updates.

a check is the week of October 12 when Congress approves a full bill

When and if another stimulus check gets the green light, Treasury Secretary Steven Mnuchin has said it would take about a week to make the first payments to mobilize. "I can get 50 million payments very quickly. A lot of that in people's direct accounts."

We have speculated possible dates based on calendars of the Lower House and Senate, as well as based on a statement from the Lower House. Speaker Nancy Pelosi, who promised to keep her chamber in session until a deal is reached.

For reference, we include the timeline for the now expired CARES Act . The payments don't go to everyone at the same time, so read on for which groups of people could receive their incentive money first.

When would the second stimulation check go out?

When the Senate Succeeds. If House Succeeds When the President signs The first checks can be sent
Last bill Sept. 30 Oct. 1 Oct. 2
Week of October 12
Oct. 9 Oct. 13 Oct. 14
Week of October 19
Dec. 1 Dec. 2 Dec. 3
Week of December 7
Dec. 7 Dec. 8 Dec. 9
Week of December 14
Date passed by the Senate Date expired by House Date signed First checks sent
Original CARES Act 25 March
March 26
27 March

15 April

If order signed Direct deposit could start The first paper checks could begin The first EIP cards could start
Presidential Order Oct. 5
Week of October 12
Week of November 9
Week of November 30

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When will the IRS send a second check and in what order?

When the IRS starts sending checks depends entirely on the passage of a new coronavirus help package, which hasn't happened yet. And we still don't know for sure when it will happen.

When and if it happens, the IRS will likely keep much the same system for sending the second stimulus check that it used the first time, including the IRS Get My Payment tool for tracking your stimulus check and recording. for direct deposit.

That means that the agency may also follow the same order to split payments, causing some to receive their checks days or even weeks earlier than others. Some are still waiting for their first checks. Here's how the checks that were sent from April 15th onwards:

Direct Deposit : About 80 million people who filed 2018 or 2019 tax returns and provided the IRS with all their direct deposit data (according to the House Committee on Ways and Means). May 13 was the close to sign up for direct deposit .

Social Security Beneficiaries : People who had direct deposit information with federal agencies; many still received their checks in the first week, although perhaps not on the first day.

Paper Checks: The IRS began mailing them to people about a week later with no immediate deposit information on file.

Economic Impact Debit Cards : Prepaid Visa cards shipped to approximately 4 million people as of mid-May.

Last group : Anyone who received their checks after June is still waiting for their stimulus payment or didn't know they had to fill in an extra step . Direct payments will continue until the end of 2020 for some individuals who were not part of the previous groups. Here's what could slow the issuance of stimulus checks for some, and how to contact the IRS to report a missing, lost, or stolen check.

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Another stimulus check of up to $ 1,200 could make its way into your bank account this year. Sarah Tew / CNET

How long does it take for everyone to receive their checks in the mail from the IRS?

While we expect the majority of people to receive their money earlier, if the first round is any indication, it could still be months for the IRS to send all checks. Six months after the first stimulus payments went out, the federal agency is still trying to track millions of people who may be owed money.

And even with the experience of processing about 160 million payments in the IRS back pocket, some would likely have to overcome a few hurdles to receive their money. Here are common bumps that held up the first stimulus check for some .

  postal parcels-usps-fedex-amazon-ups-door mail-letterbox-shipping-coronavirus-stay-at-home -2020-cnet

There is hope that the IRS could speed up delivery of a second check, if authorized. Angela Lang / CNET

3 Possible Reasons Your Check Has Been Delayed

We won't know any details unless, or until a new bill is hired and the IRS gears up to send another round of checks, but here are sticking points to watch out for

Changes in Aid to Dependents : If Congress expands or narrows down the definition of a dependent in the next bill, it may require the IRS to change its accounting system. This may delay the processing of your payment. Calculate how much you will get if the rules change and more people become eligible dependents.

Bank Status : Changing your bank status may delay receipt of your payment. Bank status disproportionately impacted black Americans and other colored people, according to an analysis by the Urban Institute think tank. People who identify as white and whose income was above the poverty line were more likely to have received their first stimulus check by the end of May than people who identify as black, Hispanic, or below the poverty line, the analysis found.

Non-affiliates Should Take the Extra Step : People who earn below the threshold of being required to file federal income tax returns in 2018 or 2019 will also not receive a stimulus check unless they submit an online form for the IRS have completed. This group includes low-income families with children and a much greater number of black people and people of color. More than 9 million people have until October 15 to claim their checks .

If you have any questions, find more resources here.

If you are still waiting for the first round of payment, you can track the status of your stimulus check learn how to set your no- show check to the IRS and look for possible reasons why your stimulus check still hasn't arrived .

And here are sources on loans against coronavirus and unemployment insurance what to do if you lost your job know about evictions and overdue car payments if you could receive two IRS refund checks and how can take over your budget .


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