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Home / Tips and Tricks / Would there be a third stimulus check in 2021 if a second payment is made this month?

Would there be a third stimulus check in 2021 if a second payment is made this month?



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Here’s what you need to know about a second stimulus check for 2021.

Sarah Tew / CNET

The hope is that a second stimulus control it will be in the last stimulus package of 2020. It’s not a foregone conclusion as negotiators continue to put the finishing touches on one bipartisan COVID-19 relief bill that could already be voted on this week. Nevertheless, signs already point to the second stimulus control with a maximum of $ 600 per person, or half of the $ 1,200 eligible adults at the first stimulus check.

Part of the reason why we have one second stimulus control In the package now – after weeks of proposals excluding another direct payment – is that Republicans and Democrats seem willing to pause their debate on some programs for the time being. The intention is to pick them up again in 2021 in perhaps more drastic packaging.

“We all know the new administration is going to call for a different package,” Senate leader Mitch McConnell said Tuesday. We can live to fight one more day about what we disagree on, but we all agree to move on with what we are can agree about. That is the way forward. “

This begs the question: whether Congress has one $ 600 stimulus check in 2020 and a bigger stimulus package coming in 2021, is there any chance Americans could see a third stimulus check next year?

It’s a serious consideration as new reports come to light in the midst of the ongoing business corona pandemic. Since the summer, more than 8 million people have fallen into poverty, the Washington Post reports, citing a new joint study. According to the COVID Tracking Project, more than 189,000 new positive COVID-19 cases have been reported daily as part of a seven-day average. And again, 3,000 people died in one day.

First vaccine for COVID-19 is administered, health officials predict it will take months the majority of the population to be immunized.

Here’s what we now know about stimulus checks in 2021, depending on what’s happening in the near future. We recently updated this story with new information.

read more: What America’s new Congress will mean for another $ 1,200 incentive check


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A $ 600 Incentive Check Approved in 2020, Disbursed in 2021?

If another direct payment is made in 2020 as part of the COVID-19 bill, chances are the IRS and the U.S. Treasury will second stimulus check for you faster this time. But there is also a very real possibility that many people would not receive their payment until 2021.

It all depends on exactly when the bill is approved, how quickly the IRS could act, and then a number of factors causing you to first in line to get another check, or closer to the back.

Is a third stimulus check possible in 2021?

In theory, it is possible to see another stimulus check in 2021. The ins and outs are starting to get complicated, but there are three essential things to think about.

First, there is a tremendous amount of support from both Republicans and Democrats for a second $ 1,200 stimulus check. The slowdown was mainly centered around resistance to certain elements within the umbrella account and the total amount spent, not necessarily the size of the check. The reported amount of $ 600 is a compromise to get the bill approved in a short period of time.

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Another stimulus check is not over yet.

James Martin / CNET

Then there is precedent. In addition to the current support, the fact that Democrats and Republicans agreed to a $ 1,200 amount earlier in 2020 makes it more likely they want to at least match that. A check for $ 600 would now take the US halfway through.

Finally, a new government will be sworn in. A complicated and divisive run-out for two Senate seats in Georgia on Jan. 5 will decide whether Republicans will retain control of the upper room or if Democrats will narrowly take control, via a 50-50 number of seats, with Vice President-elect Kamala Harris taking the decisive role. votes. The party in control also controls several major subcommittees, with the power to influence laws. A the third stimulus check may be more likely to pass depending on the composition of the next conference.

Would a third incentive check be $ 600 or $ 1,200?

It is far too early to say whether a third stimulus check would make up for the difference and match a payment of $ 600 per person by 2021, or whether lawmakers would advance a completely new payment of $ 1,200 to follow in the footsteps of the first stimulus check steps.

Much will depend on who wins control of the Senate (see above) and what the new government sees as its goals in rehabilitating an economy weakened by the coronavirus pandemic.

For the time being, we have to wait and see what happens with the second stimulus check, with an eye to the beginning of 2021.

For more information on stimulus controls, here’s how you might get more money on your next check, or a smaller payment next time. Here is that may not qualify. And this is an introduction to the five different priority groups and when you would realistically be able to get another check if and when it passed, based on important dates.


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