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Third stimulus check: Biden wants another direct payment in 2021. What we know



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President-elect Joe Biden had already put his sites on a third stimulus check.

Sarah Tew / CNET

Hours before President Donald Trump cast the $ 900 stimulus bill into question by objecting to the $ 600 maximum for a second stimulus control, President-elect Joe Biden has already committed to one third stimulus check before 2021.

“This bill is just the first step, a down payment, to address the crisis – crises, more than one – that we find ourselves in,” Biden said Tuesday. When a reporter asked if a future package would include the third stimulus check and how much money he would be looking for, Biden said, “That’s a negotiation issue … But it will, yes, it will.”

It’s not clear if Biden would pursue a third stimulus control like it second stimulus control grows to $ 2,000 as a result of Trump’s veto.

Trump has indicated that he has it Incentive package of $ 900 billion if Congress does not increase the maximum payout of $ 600 per adult up to $ 2,000 in the second stimulus check, but has not similarly demanded to increase funding for other programs listed in the bill, such as $ 300 weekly unemployment checks for 11 weeks or money for Covid-19 vaccine distribution. (You calculate your $ 600 second stimulus check total here.)

Biden said he plans to encourage Congress to pass on a larger stimulus package afterward his inauguration on January 20.

For months, the nation has been fixating on when a second stimulus control would bring more economic relief to families, and to an American economy driven by the Covid-19 pandemic. More than 8 million people have fallen below the poverty line since the summer, according to the Washington Post; when daily positive COVID-19 cases are overwhelming hospitals across the country; and as the death toll exceeds historical records. The vaccine for COVID-19 is currently being managed across the country, but officials say it will take many more months the majority of the population can be immunized.

Below we describe what we currently know about stimulus checks in 2021.

When the $ 600 Stimulus Check Happen: Less Money for Fewer People?

The second stimulus control and the IRS and the U.S. Treasury are poised to ship it faster this time, with tens of millions expected to get the second direct payment by Dec. 31 and the rest in early 2021.

It gets complicated. There is a self-imposed January 15, 2021, closing for the IRS, after what time you have to claim your second stimulus check while filing your annual taxes.

That’s not the only brain teaser. Because the upper limit for a second check is $ 600 per adult, with an extra $ 600 per child depending, as the IRS formula works, more people will reach the upper income limit for receiving a second payment, which means they is actually not eligible for incentive money all the way.

With that in mind, a third stimulus check could take a variety of angles, from addressing a segment of the population who would have missed the second stimulus check, to potentially sending a new wave of economic relief to those in the greatest financial difficulties.

Much can depend on it who gains control of the Senate and what the new Biden administration sees as its goals in rebuilding an economy weakened by the coronavirus pandemic. For now, we’re waiting to see what happens with the second stimulus check, as we look to early 2021 for more.


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Second stimulus checks: everything you need to know


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What else could there be in a new incentive law for 2021?

We already know a few of them Biden’s early economic stimulus targets, which he shared as part of his presidential campaign trail. Chances are he would prompt Congress to reconsider those agenda items, in addition to several programs omitted from them $ 900 billion bill by both Republicans and Democrats.

They can include measures such as:

  • A third stimulus check that could reach more people.
  • Federal unemployment controls last March.
  • It deportation ban last January 31.
  • Student loan deferment.
  • More money for national, local and tribal governments.
  • More money for contact tracking, coronavirus testing and Covid-19 vaccine distribution.
  • Liability protection for companies against lawsuits related to the coronavirus.

For more information, calculate your payment for the second stimulus check as follows: that may not qualify for a check and a primer on the five different priority groups.


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