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Second update of the stimulus check: Here the payments can be sent



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When will a deal be made for a second stimulus check?

Sarah Tew / CNET

After weeks of people waiting for news about a second stimulus controlThe Senate returns to work on Monday to begin discussing the benefits and finer details – if that will happen, how much you can get, what requirements are required to qualify. Finding a common ground between the White House, the Senate and the House of Representatives on a new rescue proposal could still take weeks. We have some clues as to when the money could actually lead you, provided a new payment will be made.

Senate Majority Leader Mitch McConnell outlined his timeline on Tuesday. “We will return to session next week and in the coming weeks I will post a later package in the Senate,” he said. “We are looking at another direct payment.”

“We can ‘t go home without it [new legislation], “Speaker Nancy Pelosi told Bloomberg Television on Thursday, noting that it has been two months since the Democratic House passed its Heroes Act without Senate action.” More people have died. More have gone on unemployment. And more people have been infected, “Sade Pelosi.” What is the value in [the Republicans’] Waiting For? “

So what type of payment schedule are we talking about? We split some critical dates from the Senate’s calendar and used the first stimulus check as a model to estimate a potential window on which the IRS could begin sending a second check.

We also predict what may happen if the Senate cannot meet for a new relief measure before the next withdrawal. This story is often updated with new information.

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

Angela Lang / CNET

The Senate has three weeks to make a decision on stimulus control

Today is the last day of a planned senate effort that began on Friday, July 3, which means that Monday, July 20, is the first day session resumed.

“As soon as the Senate returns [from its current break]”We will be sitting on a two-party basis with Republicans and Democrats,” Secretary of the Treasury Secretary Steven Mnuchin told CNBC on July 9. He added that it will be a priority for the next legislation to be adopted between July 20 and the end of prepared remarks before a House committee on July 17, the secretary reiterated the timeline: “We will have two-party talks on additional legislation and hope that Congress will send a extra packages at the end of this month. “






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But the Senate then has a new recess from August 7, giving McConnell and his colleagues three working weeks to build, debate, negotiate and pass another stimulus package before the last day of its session.

What happens if the Senate misses its deadline?

Whether or not the Senate passes a new rescue package before its planned August deepening, the Senate will not work past Aug. 7, McConnell said June 30. . “Due Unemployment insurance expires, she said on Thursday, “we must have that legislation.”

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.

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.

When could the IRS send a second incentive payment?

It is still possible for the IRS to start sending checks in August, if the House and Senate provide a second round of stimulus checks 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 day 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 by the time 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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