Second stimulus check: We’ve mapped out the dates when your next payment might actually arrive

Prominent voices on both sides of the aisle have called on negotiators for a second stimulus control. Wednesday morning is the chance another payment approved in a stimulus package before the end of the year is brighter, with a smaller second stimulus control again part of the conversations. If there is another stimulus check 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 in mind, we took a look at the calendar and mapped out some possible dates second stimulus control could pass with a bill and go your way, based on your 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: A $ 1,200 stimulus check won’t happen without Congress. How everything could change in January

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

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Following stimulus checks: what to expect

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When will Congress vote on a new stimulus law?

The House of Representatives and Senate could vote on more aid by Friday, when an extension to this year’s federal budget expires. Or they can vote until next week, before Christmas.

“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. No matter how 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 be another direct payment – either a second smaller one, or maybe even a third. That would mean that that particular check is likely to go out in February at the earliest. See the table below for possible dates.

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.

If a check doesn’t arrive until 2021, a new Treasury Secretary will arrive – it’s not clear whether a power transfer would delay the sending of money. Biden has elected Janet Yellen, the previous chairman of the US Federal Reserve, for the position of the Treasury, although she must be confirmed by the Senate before taking office.

Even if the checks would go out faster the second time by following the existing IRS protocol from the first payment, it doesn’t necessarily mean your incentive money would come in a week after an account went live. The next section explains more.

When can I expect my second stimulus check to arrive?

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 might see a payment. The second scenario is possible if the House and Senate are recalled to vote and the session is officially extended. We’ve also outlined two timelines if a bill after Biden becomes law becomes president January 20 to give you an idea of ​​how long to wait.

Direct deposit, EIP card, paper check and you

The IRS sent the first incentive payment 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.