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Update on Stimulus check 2: How quickly the IRS can send it to you if Congress makes an agreement



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A second stimulus check is being worked on, but the payment schedule is still unknown. We divide some probable scenarios.

Sarah Tew / CNET

The negotiations seem to agree with that a second stimulus check for up to $ 1,200 will be a part of another financial relief package, and should be delivered earlier than that first stimulus control. But the question of calls can be saved at all casts a shadow over promises of a direct payment.

“Instead of compromising, our Republican colleagues said to take a walk,” Senate Minority Leader Chuck Schumer said on Monday.

“So now Schumer and [House Speaker Nancy] Pelosi wants to meet to make a deal, “Trump said in a Tweet on Monday. They know my phone number! ”

Both sides have taken sides and have signaled that they are open to continuing the negotiations, although no discussion seems to have been planned yet. With federal protections that improved unemployment benefits ceased and no enlightened path forward, an incentive payment may still emerge, albeit later than expected.

Here’s who we think may be first in line to get the new stimulus control and when it can happen. And so is the current proposal compared to the previous stimulus proposal. This story is updated frequently.

How soon the IRS would send other stimulus checks

Several scenarios could play out. Republicans and Democratic negotiators can take up discussions and reach an agreement this week, or that can come in next week. Treasury Secretary Steven Mnuchin said on August 10 that if the two sides could find common ground, they could reach an agreement this week.

At the same time, the House of Representatives will now be suspended until Friday 14 August at 2 pm ET, although they may be called back to session if an agreement is reached on the coronavirus relief proposal before then.

We calculated some possible first dates that a second stimulus check could pass. As a reference, we also include the timeline for what has now expired CARES Act as reference. And keep reading for who can get their payment first.

When could the second stimulus check expire?

Dates passed by the Senate Date passed by House dated First checks sent

Original CARES Act

March 25th

March 26

March 27

April 15

If the Senate leaves If the house passes If the president signs The first checks could be sent
Negotiated bill

August 17th

August 18

August 19th

The week of August 31st

August 24th

August 25th

August 26th

The week of September 14

September 8

September 9th

September 10

The week of September 21

Who would get their stimulus control first?

It’s likely that the IRS will use roughly the same calculations and tools to send out the second incentive check as it did for the first, including the IRS Get My Payment tool for track your stimulus check payment and registration to direct deposit.

The IRS sent the first round of stimulus checks to individuals who had filed 2018 or 2019 tax returns and who had already provided the IRS with their direct deposit information, according to the House Committee on Ways and Means. According to that model, the next incentive payment can only reach people who have already registered for direct deposit, either as part of their tax registration in 2019 or earlier.

The next group was social security recipients who had direct deposit information with federal authorities. (Approximately 80 million people received their checks through direct deposit during the first week they were paid according to the IRS.)

Paper checks did not start being sent out until a week later to people who had not registered for direct deposit, but you can still register for the electronic bank transfer as late as 13 May. The first economic effects Prepaid debit cards were sent in mid-May to about 4 million people.

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Another check for up to $ 1,200 can find your way to your bank account.

Sarah Tew / CNET

How your stimulus check would come later than other people’s

We do not know for sure until a new bill has been approved and the IRS has a plan to send out checks, but here are points to keep in mind.

Changes in support for addiction: This depends on which version of the bill passes. The CARES law awarded $ 500 to relatives aged 16 and under. The Republican-backed HEALS Act also sets aside $ 500 for addicts, of all ages. But the Democrat-backed heroic law proposes $ 1,200 for a maximum of three addicts. If a change is made, even if it ultimately results in more money being sent, it may require the IRS to adjust its accounting system. It can potentially slow things down for you.

Bank Status: With the first checks, it was people who did not send deposit information directly to the tax authority that they had to wait longer to receive the incentive money by post. As of June, 120 million people received the stimulus money through direct deposit, 35 million via a check in the mail and 4 million via a prepaid debit card. The IRS has not provided an update on how many received a stimulus check by August 1st.






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Bank status has affected the rate of payment since the CARES law was passed, which affects black Americans and color disproportionately, according to an analysis (PDF) from the think tank Urban Institute. People who are white and whose incomes were above the poverty line were more likely to have their first stimulus check at the end of May than people who are black, Hispanic or below the poverty line, the analysis found.

People who did not earn enough money to file federal income tax returns in 2018 or 2019 would also not receive an incentive check if they did not submit a form to the IRS, according to a report from the Center for Budget and Policy Priorities. This group includes families with children with low incomes and a much larger number of black people and colors.

When is the last date you would receive the new stimulus check?

Again, the schedule for the first stimulus checks may provide a potential roadmap, but there is no official news until another rescue package is ready.

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

The majority of them were sent in early June, although the IRS said it will continue to send payments until the end of the year.

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American workers are experiencing astonishingly high unemployment.

Angela Lang / CNET

How to get more help

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, if you can get two refund checks from the IRS and how to do Take control of your budget.

Julie Snyder and Shelby Brown contributed to this report.




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