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Third stimulus check for $ 1,400, not $ 2,000? What we know now



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President-elect Joe Biden backs the third stimulus check, but there are conflicts.

Sarah Tew / CNET

Which third stimulus check for $ 2,000 isn’t really for $ 2,000. Instead, President elect Joe Biden will propose a stimulus check of up to $ 1,400 each eligible adult, a figure that would “raise” the maximum of $ 600 second stimulus check to $ 2,000 between two payments, CNBC and other news outlets reported. Biden will officially unveil his 2021 economic plan at 7:15 p.m. ET, including one stimulus package ‘in the trillions of dollars’, a possible return to $ 600 weekly unemployment benefit and a third stimulus check.

For weeks now, prominent American politicians have been advocating for one $ 2,000 stimulus check, including Biden, who tweeted on Jan. 10 that “$ 600 just isn’t enough… We need $ 2000 incentive checks. “

While I am becoming increasingly clear that Biden’s proposal for a third stimulus check would give itself qualified adults a total of up to $ 2,000 with the second and third payments combined, it is not clear whether qualified children would count towards extra money or not, and how that could change the whole equation that could determine how much money you would end up getting. While we wait for more details, here’s what we know so far.

What’s the timeline for receiving a $ 1,400 stimulus check?

Ironically, President Donald Trump – who was dropped off Wednesday and looks at his second trial in the Senate – sparked serious discussions about a $ 2,000 stimulus check when he initially delayed signing December’s Incentive Act and demanded to lift the $ 600 ceiling second stimulus control up to $ 2,000.

Biden will reportedly aim for a February date to push his through incentive package, which means if it succeeds, the checks could start sometime in February or March, depending on the timing of the bill – maybe.

It’s not clear whether the IRS would automatically send checks to the recipients have done with the second stimulus check, or if the money would be packed in Refund Discount that anyone who doesn’t get a second check shortly after the January 15 deadline will have to use it as part of filing taxes.


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What could get in the way of a third $ 1,400 stimulus check?

Many Republicans are expected to object to a new expensive stimulus package, especially one with more than could be double the $ 600 stimulus check. With an upcoming Democrat-led senateSchumer counts on pushing the legislation through, especially as incoming Vice President Kamala Harris will act as tiebreaker.

But opposition from just one Democratic senator could sink the party’s hopes of a big third stimulus check. A possible objector could be Senator Joe Manchin, a centrist Democrat from West Virginia, who repeatedly expressed concern about the cost of a third stimulus check and suggested that the financial aid could be better targeted to those who need the money the most .

“Absolutely not. No. Getting people vaccinated is job # 1,” Manchin told The Washington Post on Jan. 8 when asked about more. incentive payments. “How can the money we invest now best help us get jobs back and get people into work? And I can’t tell you that sending a new cash register will do that to someone who I already have a check. “

Shortly afterwards, Manchin seemed to have softened his position. According to NBC News, Manchin’s spokesman said he was ‘open’ to hearing President-elect Joe Biden’s case for a bigger stimulus check, but prioritizes vaccine distribution. Financing to it Covid-19 vaccine is also on Biden’s agenda for a big stimulus bill. Manchin reiterated his opinion on January 10.

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How much money could a third incentive check really make for your household? We will see soon.

Sarah Tew / CNET

How a third stimulus check could bring in more money

A higher maximum total per person is the obvious way your household would see more money on a third check compared to the second, but there’s more to it. Because the upper limit for a second check is $ 600 per adult, with an extra $ 600 per child depending, the route the IRS formula works, more people hit the income threshold for receiving a second payment, which means they will is not actually eligible for incentive money all the way.

A third stimulus check would:

Here are other ways a third stimulus check could generate more money in your pocket.

Other funding that may be included in a new incentive law

We already know a number of Biden’s targets for a new stimulus package, which he shared as part of his presidential campaign trail. Chances are he would prompt Congress to revisit those agenda items, in addition to several programs dropped in December $ 900 billion bill by both Republicans and Democrats.

They can include measures such as:

  • A larger third stimulus check that could reach more people.
  • $ 400 federal unemployment controls until the end of September.
  • It deportation ban until the end of September.
  • Postponement of payment or forgiveness of student loans for public schools.
  • 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, here’s how calculate the payment of your second stimulus check and who may not qualify for a stimulus check.




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