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Home / Tips and Tricks / When can a second stimulus check come? We may have a pretty good idea

When can a second stimulus check come? We may have a pretty good idea



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Who would make the discount for a second stimulus check?


Sarah Tew / CNET

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When will we know if a second stimulus check takes place or not? There are many layers to this answer, but the short one is that the decision lies with the Senate, headed by majority leader Mitch McConnell. The only ripple is that the Senate is now officially on its scheduled Fourth of July break. McConnell has pledged to return from the hiatus later this month, ready to discuss the merits of another bailout for the buckling US economy – which may include another check. But when ?

We may have a good idea of ​​the time frame, based on the Senate calendar and clues gathered from statements made in recent weeks. But the clock is ticking. This is the first of two lengthy Senate recesses this summer, when senators will be in their home countries for about a month and a half. Read on for what we know.

This story is updated regularly with new information. If you are still waiting for the first round, you can track the status of your stimulus check check out some possible reasons why you don't have control yet and learn ] how to find a missing stimulus check report to the IRS .

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Congress is expected to get started soon with a new coronavirus stimulus account that will Can put $ 1,200 in your wallet.


Angela Lang / CNET

Stimulus Control Timeline: The Data That Matters

Since spring, McConnell has said that in July the Senate would make the big decisions about stimulus control: if there were a new bill, if it were new direct payments who would be eligible and when the second control round will take place.

"We remain on schedule I announced earlier in the year," McConnell said in a June 30 briefing. & # 39; We will not be here in August. & # 39; He also warned that the next aid package will also be the last.

The Senate has not set a date for a vote on a second government stimulus package, but we know the baseline it should work with. [19659015] July 3 to July 17 : The Senate takes a scheduled break from Friday, July 3, and returns to work on Monday, July 20.

According to Senator Roy Blunt, members of the Senate will take the July pause to collect the information they need for a second coronavirus package and then be ready to go back to work. "I think the timing will be just right for us to know what we need to know for a package that will take us to August, September and October," Blunt said Tuesday.

July 20 to August 7 : The Senate will meet in the last two weeks of July and the first week of August, through Friday, August 7.

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Aug. Sept 10 to 7. : The Senate will be in its August recess, which lasts through Labor Day on Sept. 7. There are 32 days from the last date of the Senate session (August 7) ​​to the first day of the next session (Tuesday, September 8). The Senate would not continue working during the August hiatus, McConnell said Tuesday.

If the Senate incorporates a second stimulus package in July, a new bill authorizing checks must enter both chambers on or before Friday Aug. 7 to clear the senate's pause in August.

Sept. September 8 to 25 : The Senate is back in session. If Congress does not complete the stimulus package at the beginning of the August break, it should resume in September.

When can the IRS send a second stimulus payment?

If the House and Senate give the green light to a second round of stimulus checks, it is not out of the question that checks could be sent by the IRS in August.

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It's time to figure out the numbers Search.


Sarah Tew / CNET

For reference, the President signed the CARES Act on March 27, and the first stimulus payments went out less than three weeks later, on April 15.

For speculative purposes only, let's say a new incentive law becomes law on Friday, August 7. According to the CARES Act timeline, the first checks could take place on August 26.

However, it is likely that the IRS could go even faster to broadcast the first. wave of stimulus checks as it already has the mechanism from the first batch, including a tool for people to sign up for direct deposit and to track their payments .

Factors such as the number of people who would qualify for a payment for the second time may play a role in slowing or accelerating this timeline.

What is the last date on which I could receive a second stimulus check?

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A second stimulus law may be the last for Americans affected by the pandemic of the coronavirus


Angela Lang / CNET

Although we know nothing officially – and will not do so until another rescue package is official – we can draw on the experience of the first stimulus checks as a possible blueprint. The IRS will have sent approximately 200 million checks by the time it has finished distributing payments. (The total US population is nearly 330 million people, according to the Census Bureau.)

In early June, the House Ways and Means Committee (PDF) estimated an estimated 35 million Americans still owed a payment. The IRS will continue to pay out the last batches through the end of the year. However, if fewer people receive a second stimulus check it is possible that it will not take that long to send a second check round.

If you haven't received your money yet, here are 10 possible reasons for a delay . If you are concerned you should receive your check and not, here's what you can do .

Do we need a second stimulus check? The unemployment debate is heating up

Is a second stimulus check necessary? That question is central to this debate.

"The way forward for the economy remains extremely uncertain and will depend in large part on our success in containing the virus ," Federal Reserve President Jerome Powell said during the testimony on Tuesday. from the house. "The further path will also depend on policies taken at all levels of government to provide relief and support recovery for as long as necessary."

Weekly unemployment claims continue to demonstrate a US economy struggling to find support. For the week ending June 27, 1.42 million workers filed a jobless claim for the first time, meaning 15 weeks of contiguous new claims were more than 1 million, the Labor Department reported (PDF). Initial claims had fallen slightly from the previous week's 1.48 million.

A June study (pdf) from the Center for Poverty and Social Policy at Columbia University found that without the stimulus money, America's poverty level could have risen from 12.5% ​​before the pandemic to 16.3 % today.

The center predicted, "If high unemployment continues after July 2020, additional income support will be needed" to prevent poverty from rising during the ongoing coronavirus pandemic . The study also points out the categories of people who are not eligible to receive the funds approved by the CARES law and that some eligible families face roadblocks receiving their benefits. The extended unemployment benefits that remain somewhat upright will end on at the end of July .

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Even with some companies starting to open, the US has a staggeringly high unemployment rate.


Angela Lang / CNET

What is needed to get a second stimulus check and what happens now?

The passage of a second round of IRS payments seems to depend on two things: how bad the economy is going and whether lawmakers believe a direct payment to millions is the best way to responding to the current recession .

We are waiting for the Senate to return from its July recess to include the next stimulus package. To get a second check, the proposed rescue package would have to pass both the House and the Senate before getting a signature from the President. Only then could it have an effect.

After that, the IRS now has a system in place to organize and distribute those controls. But it may take weeks before you receive a payment.

We will continue to update this story with new information as it occurs. While the future of a second stimulation bill is still inconclusive, we do share available resources on coronavirus hardship and unemployment insurance what you can do if you get your job what you need to know about evictions and late car payments and how you can take control of your budget .


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