قالب وردپرس درنا توس
Home / Tips and Tricks / Second Stimulus Check: Trump and Senate's COVID Results Could Change IRS Payment Term

Second Stimulus Check: Trump and Senate's COVID Results Could Change IRS Payment Term



  money-cash-dollars-incentive payments-pay-7139

Did you know? Different groups receive their stimulus checks at different times. Sarah Tew / CNET

As COVID-19 spreads among the GOP – including Republican senators and President Donald Trump – the timeline for passing legislation for a new aid package is in doubt. As of Sunday night negotiations still have forward momentum and there is a commitment from House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell to recall their chambers, currently on hiatus, to decide on a final bill to vote.

A new coronavirus aid package that includes a second stimulus check and other benefits is considered critical in providing financial aid to large and small. companies, coronavirus tests in progress and individuals as a result of the ongoing pandemic .

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, if Trump incapacitated. 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 stimulus calculator . 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
First <span data-shortcode = "link" data-asset-type = "article" data-uuid = "f96f4f0c-3b5b-4e72-94a7-8e630b5b05b0" data-slug = "eip-card-what -it-is-and-why-you-should-get-one-if-another-stimulus-check-happens "data-link-text =" EIP-maps "data- href = "https: //www.cnet.com/personal-finance/whats-an-eip-payment-and-could-you-get-one-instead-of-a-stimulus-check/" data-edition = "us" data- shortcode-hash = "596ace3476a44eda91522b04821cad77" data-shortcode-parser-id = "596ace3476a44eda91522b04821cad77_35"> EIP cards shipped 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 waiting for their checks or even catch-up payments . 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 their direct deposit information with 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.

  http://www.cnet.com/ "height =" 110 "width =" 196


Now playing:
Watch this:

Following stimulus checks: what to expect
3:03.


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: Debit Cards with Economic Impact 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 did not know they had to complete 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 might hold back the delivery of stimulus checks for some and how to contact the IRS 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 track millions of people who 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. Here are common hurdles that stopped the first stimulus check .

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

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

A Few More Resources to Help

If you are still waiting for the first round of payment, can track the status of your stimulus check learn how to report 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 what to do know about evictions and late car payments if you could receive two refund checks from the IRS and how can take over your budget .


Source link