Athat includes a and is considered critical in providing financial aid to large and small. companies, coronavirus tests in progress and individuals as a result of the ongoing .
It is suggested that Pelosi and Treasury Secretary Steven Mnuchin would agree on a stimulus package mid-week, The Washington Post reported. McConnell has suspended Senate voting until Oct. 19, but he would give senators 24 hours notice to come back in person for a vote if a new bill is due in the next two weeks, he said.
"progress," Pelosi told Face the Nation on Sunday. Asked if an agreement could be reached in the next week, she said, "It just depends on whether they understand what we must do to destroy the virus. "
A final bill would still need the president's signature to become law – or it would have to be signed by Vice President Mike Pence,The president may be released from Walter Reed Hospital to return to recover in the White House as soon as Monday, Trump's personal physician, Dr. Sean Conley, said Sunday.
The situation is constantly changing, but here's our best guess when the IRS could send the stimulus payments when and if new legislation is passed by both the Senate and the House – including who would get them first. You can estimate the size of your check with our. This story is updated often.
When the IRS Could Send First Checks – Four Scenarios
When and if there is another stimulus check, Mnuchin said it would take about a week to process the first payments. "I can transfer 50 million payments very quickly. A lot of that into people's direct accounts," he said.
We have speculated about possible dates based on the current situation in Washington. Not everyone gets a payment at the same time. Keep reading to see how the different priority groups stand out.
Note that even if an agreement is reached this week, it will still take some time to reveal the details and draft new legislation in preparation for a vote, first in one chamber (for example, the Chamber) and then the other.
Possible dates on which a second stimulus control could be based
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|House takes final bill||Oct. 13 (October 12 is Columbus Day)||Oct. 19||dec. 1||Dec. 7|
|Senate passes final bill||Oct. 14||Oct. 20||Dec. 2||Dec. 8|
|President signs||Oct. 15||Oct. 21||Dec. 3||Dec. 9|
|First direct deposit sent||
Week of October 22
Week of October 26
Week of December 7
Week of December 14
|First paper checks sent||
Week of November 2 (day before elections 2020)
Week of November 9
Week of December 14
Week of December 21
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Week of November 23rd
Week of November 30
Week of January 11
Week of January 18
Why Some People Get Their Checks Faster Than Others
The IRS has so far sent money to at least 160 million people in three different ways, starting with people requesting a direct deposit. Some people with more complicated scenarios are still waitingor even . This changes to a de facto order of priority that can result in some receiving their checks days or even weeks earlier than others. We expect the IRS to use much the same system for sending the second stimulus check.
Direct Deposit Is Fastest : People who have already registered theirwith the IRS or who will register it when and when the registration is reopened should be the first to enter the queue up to receive their stimulus control. Electronic money transfers are faster and more efficient, so this group got their first check much faster.
Social Security Beneficiaries : On the first incentive payment, many Social Security beneficiaries who had direct deposit information with the federal government received checks in the first week, but not always on the first day.
People Getting Paper Checks: The IRS began mailing them about a week later to people with no direct filing information on file.
Recipients of EIP Cards:are prepaid Visa cards that the IRS has sent to about 4 million people as of mid-May. If the IRS follows the same order of payment priority, this group can start to see their checks weeks after the first direct deposits go out.
Last group : People who received checks after June were still waiting for their stimulus payment or. Direct payments will continue until the end of 2020 for some individuals who were not part of the previous groups. Here's what for some and to report a missing, lost, or stolen check.
What's the longest I can wait for a check?
While we expect most people to get their money sooner, if the first round is any indication, it could be months before the IRS clears all checks. Six months after the first stimulus payments went out, the federal agency is still trying to trackwho may owe money.
And even with the experience of processing about 160 million payments in the back pocket of the IRS, some people would probably have to overcome a few hurdles to receive their money..
A Few More Resources to Help
If you are still waiting for the first round of payment,learn and look for possible .
And here are sources onand and and how .