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Second stimulus check update: When could the new payment arrive?



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How long can it take you to get a second stimulus check if it passes? We share some possibilities.

Angela Lang / CNET

From today, the Senate is back in session and Congress will begin to actively discuss ins and outs in one second stimulus control as part of another relief bill to help Americans and a shaken US economy. The pressure is on to hammer out the size of the total packaging and who would be entitled to a second incentive payment before a de facto deadline set by both branches of Congress.

“We can ‘t go home without it [new legislation]”Speaker Nancy Pelosi said on July 16 and pointed out that the House passed the Hero Act two months ago and that the Senate has not taken action.” More people have died. More have gone on unemployment. And more people have been infected“.

But what is this deadline and what happens if another stimulus control is not approved before then? And if a new bill is approved, when is the earliest you can expect to receive a payment from the IRS? We consulted the Senate’s calendar and used the first stimulus checks from the CARES Act as a model to formulate a possible timeline.

This story is often updated in the light of developments.

The stimulation check “deadline” is three weeks away

The Senate now has 15 working days until August 7 to build, debate, negotiate and transmit another stimulus package before the last day of the current session.

“We will have bipartite talks on additional legislation and hope that Congress will pass an additional package by the end of this month,” Treasury Secretary Steven Mnuchin said in prepared remarks to a House committee on July 17.

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Congress is expected to begin work on a new coronavirus stimulus bill that could add another $ 1,200 to your wallet.

Angela Lang / CNET

What happens if the Senate misses its deadline?

Regardless of whether the Senate passes a new rescue package before its planned August withdrawal, the Senate will not work past August 7.

Why? Because the Senate’s August recess goes from August 10 to September. 7 (Labor Day), which means that it is 32 days from the latest date of the Senate session (August 7) ​​to the first day of the next session (September 8). If there is no bill passed on August 7, it will not be picked up again until then. The session in September runs until September 25.

The Senate’s timeline for making a decision on stimulus control

date

Senate action

July 20 – August 7

Ongoing. The Senate is not expected to work past August 7.

August 10 – September 7

Augustins urtag.

September 8 – September 25

Ongoing. If the Senate does not approve a bill by August 7, it is the next period that it will need to work on a stimulus package.

28 – 29 September

September urtag.

September 30 – October 9

Ongoing. If the Senate has still not adopted a bill, this is its last chance before the November 3 election.

When could the IRS send a second incentive payment?

It is still possible for the IRS to start sending checks in August, if a second round of stimulus checks goes green at the end of July.

For reference, the president signed the CARES law into law on March 27, and the first incentive payments expired less than three weeks later, on April 15.

To speculate, let’s say that a new stimulus act will become law on Friday 7 August. Following the Care Act timeline, the first checks can go through August 26th.

However, it is likely that the IRS can go even faster to send out first wave of stimulus check, because it already has the mechanism in place from the first round, including a tool for humans to sign up for direct deposit and track their payments.

Factors such as how many would qualify for a second payment may play a role in slowing or accelerating this timeline.

What’s the last date I could get a second stimulus check?

Even if we do not know anything official – and not until another rescue package is official – we can benefit from the experience of the first stimulus checks as a potential plan.

The IRS will have sent approximately 200 million checks when it finishes distributing the first payment. (The total U.S. population is nearly 330 million people, according to the Census Bureau.)

The majority of these were sent in early June, although the IRS said it will continue to pay the final lots until the end of the year. If it exists fewer people receiving a second stimulus control, it is possible that it does not take that long to send a second round of checks.

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Even when some companies start opening up, the United States has an astonishingly high level of unemployment.

Angela Lang / CNET

What does it take to get a second stimulus check?

For now we are waiting. To get a second check, the proposed rescue package would have to pass both the House and the Senate before a signature from the president. Only then could it take effect.

After that, the IRS now has a system for organizing and distributing these controls. But it can still be weeks more before you get a payment.

If you are still waiting for the first round of coronavirus payments, you can do so track the status of your stimulus check, learn how to report your no-show check to the IRS and find possible reasons why your stimulus check has still not arrived.

Here are even more resources about coronavirus difficulties and unemployment insurance, what you can do if you have lost your job, what to know about drafts and late car payments and how to do Take control of your budget.


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