Plus, as The Wall Street Journal points out, a deal in late January or beyond could actually slow down the processing of stimulus check 2, as the IRS will also be dedicating resources to preparing for tax-filing season. This three week turnaround on the first stimulus payment shows that it’s possible for the second round of stimulus checks to be sent out before the end of August.
#SECOND STIMULUS CHECK STATUS PLUS#
A Biden plan could look different than what’s on the table now, and runoff elections in Georgia could change priorities in the Senate. The plan that Congress approved and President Trump signed on Sunday night would give most adults a 600 one-time payment, plus 600 per dependent child. Individuals earning up to 75,000, or 150,000 for married couples. 20-if negotiations move quickly after Inauguration Day, a bill could pass in early February with checks following by mid-month. Under the CARES Act, which passed earlier this year, eligible Americans received 1,200 checks or 2,400 for married couples.
#SECOND STIMULUS CHECK STATUS UPDATE#
President-elect Joe Biden will be sworn in on Jan. Second Stimulus Checks: Payment Update and Taxes - SmartAsset Individuals with AGI up to 75,000 can get second stimulus checks for 600. While past timelines have been hampered by Congressional recess dates, lawmakers appear committed to staying in session until a deal is reached.īefore Inauguration Day: Of course, if talks drag on beyond the weekend, lawmakers opt for a short-term government funding bill instead, or Congress breaks for a holiday recess, stimulus check 2 could be pushed back as well.Īfter Inauguration Day: There’s also the possibility that the deal will fall apart and be left up to the Biden administration to push through. The White Houses 916 billion bill would send a one-time 600 stimulus check to eligible Americans and extend expiring unemployment benefits to freelance and 'gig' workers by one month. You may receive this payment if you make 75,000 or less and file your 2020 tax return. While an exact timeline is tricky to pin down with the upcoming holidays, this means direct deposits could land in bank accounts right before or shortly after Jan. Amid high costs, 850 relief checks are being sent to an estimated 858000 Maine people Maine people are grappling with the increased costs as a result of. GSS II Stimulus Amount Golden State Stimulus II California will provide the Golden State Stimulus II (GSS II) payment to families and individuals who qualify. The IRS presumably has more data on file now from both taxpayers and those who submitted their information specifically to receive their first check earlier this year.īefore 2021: If the President does in fact pass the bill before Saturday-with votes in both the House and Senate-the IRS could begin processing payments the following week. Treasury Secretary Steven Mnuchin has said throughout negotiations that Americans could expect a quick turnaround for the stimulus check 2 date once a deal was reached. Second stimulus check date: When can you expect payments?
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