قالب وردپرس درنا توس
Home / Tips and Tricks / Second stimulus check: If Congress voted this weekend, when would your payment come?

Second stimulus check: If Congress voted this weekend, when would your payment come?



    001-cash-stimulus-money-time-running-out-clock-watch-check

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

Sarah Tew / CNET

Washington lawmakers are poised to pass it a second stimulus check in the coming days as part of a $ 900 billion emergency bill. That is, if negotiations on the new stimulus package continue to take up funding a second $ 600 stimulus check as the ongoing reports suggest, along with other measures including an unemployment bonus of $ 300.

The on-again, off-again calls for more help took a dramatic turn this month, as Congress faced a double deadline of a government shutdown without a new budget and a handful of federal distributions due in the coming weeks without Congress renewing the programs.

If Congress approves another direct payment in 2020, there is also a chance that a The third stimulus check could take place in 2021 as part of a future incentive account that covers more ground.

With that schedule in hand, we mapped out a number of possible dates an invoice could pass that one second stimulus control your way, based on you certain payment group. We also provide some dates showing when a direct payment could arrive in early 2021 – whether that’s a second, smaller portion of stimulus check money or possibly a third party payment.

read more: Want a third $ 1,200 incentive check? Here’s how everything could change in January

Read on for everything we know now. This story is regularly updated as new information develops in Washington.


Now playing:
Look at this:

Following stimulus checks: what to expect


3:03

When will Congress vote on a second stimulus check?

Congress leaders continue to glean the details of a $ 900 billion bailout package that could include $ 600 checks for adults and dependents. The House of Representatives could vote on more aid as early as Friday, when an extension of this year’s federal budget expires, or extend the budget a few days to vote on the weekend or early next week.

“We’re not leaving here without a COVID package. It’s not going to happen. We’ll stay here until we have a COVID package. However long it takes, we’ll be here,” said Mitch McConnell, Senate Majority Leader. on Tuesday.

After President-elect Joe Biden gets inaugurated on January 20, the new administration could try again for a larger bill that could include another outright payment – either a second smaller one, or maybe even a third if a second is out in 2020. That would mean that that particular check would be issued in February at the earliest. See the table below for possible dates.

002-cash-stimulus-hang-us-out-to-dry-laundering

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

Sarah Tew / CNET

How long does it take for the IRS to start sending checks, once approved?

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.

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.

In the chart below, these speculative dates show when you can see a payment if Congress comes to an agreement this year. We also outline three other timelines if a bill becomes law after Biden becomes president 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

Dec 19

February 1

March 1

April 5th

Senate approves final bill

Dec 20

February 2

March 2nd

6 April

President signs

Dec 21

February 3

3 March

April 7

First direct deposits issued

Week of January 4

Week of February 8

Week of March 8

Week of April 12

First paper checks sent

Week of January 11

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 8

Week of March 15

Week of April 12

Week of May 10

Direct deposit, EIP card, paper check and you

The IRS sent the first incentive payments on a staggered timeline to different groups of people, depending on how they were paid: by direct deposit, paper check, or EIP card. We dive more into the five stimulus check payment priority groups here.


Source link