If you’re wondering when you might getand whether you’ll qualify to receive the , you’ll need to wait until Washington lawmakers agree on the .
The trillion dollar question is: how long will qualifying people need to play the waiting game? The— or whatever the final bill is named — has to pass before we get a definitive answer and the IRS can begin coordinating a payment schedule. If lawmakers don’t reach an agreement by Aug. 7, the deadline imposed by Senate Majority Leader Mitch McConnell before the scheduled Senate recess, it could also push back when the checks get sent.
“We anticipate that we will have a bill, but we’re not there yet,” House Speaker Nancy Pelosi said on Friday, in reference to the Aug. 7 target date.
Though Congress adjourned for the weekend on Friday, Pelosi and Senate Minority Leader Charles Schumer met with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows on Saturday. Pelosi said the weekend meeting was “productive in terms of moving us forward,” but the two sides remain apart, CNBC reported.
What does this mean for when you might get another stimulus payment? We took a look at the timeline used to send out theand details about the current plan under negotiation to sketch out a possible answer based on what we know right now. Check back on this story for frequent updates.
When the next IRS stimulus checks could go out
The Senate’s last day in session before its August recess is Aug. 7, which means Congress has to agree on abefore then if it keeps to its planned schedule (which could change). After that, senators return to their home states until the next session picks up again Sept. 8. However, we do know that McConnell has the power to push back the recess and keep senators in Washington longer if needed.
We don’t know how long it’ll take from the time the bill is signed into law to the time the IRS sends checks, but we can glean hints based on the firstjourney through the final approval process.
When could the second stimulus checks go out?
|Date passed by Senate||Date passed by House||Date signed||First checks sent|
|Original CARES Act||March 25||March 26||March 27||April 15|
|Proposal date||Negotiations begin||Negotiation time before deadline||Deadline to pass a bill|
|HEALS Act||July 27||July 27||7 to 9 days||Aug 7|
|If Senate passes||If House passes||If President signs||First checks could be sent|
|Final negotiated bill||Aug. 6||Aug. 7||Aug. 10||Week of Aug. 24|
|Sept. 8||Sept. 9||Sept. 10 or Sept. 11||Week of Sept. 28|
How could the new stimulus check arrive quicker than last time?
We know that the HEALS Act will follow the stimulus check model of the CARES Act, with at least one significant difference. Here’s how that could get you a check sooner:
- HEALS Act guidelines stay mostly the same as those of the original CARES Act, which allows the IRS to follow its previous model.
- The IRS already built its Get My Payment tool for the dual purposes of payment and signing up for .
- Implementing this tool — and working out glitches — for the first round of checks took time that the IRS is unlikely to need to process a second check.
What could delay the IRS sending the next stimulus payments?
If Congress and President Donald Trump can’t agree on the provisions in the new stimulus bill and miss the Aug. 7 deadline, it would be another month before the next session starts and the Senate and the House can reconvene and propose, debate and pass the bill, unless the House and Senate delay the start of their August recess.
Both chambers of Congress and the president appear motivated to pass the bill before Aug. 7.
When’s the last date I could get the new stimulus check?
Once again, the schedule for the first stimulus checks can provide a potential roadmap, though there’s no official news until another rescue package is finalized.
The IRS will have sent about 200 million checks by the time it’s done distributing the first raft of payments. (The total US population is nearly 330 million people, according to the Census Bureau.)
The majority of those were sent by the beginning of June, though the IRS said it will continue to disburse the final batches through the end of the year. If there are, it’s possible that it won’t take as long to send a second round of payments.
Would this be the final stimulus check?
In May, McConnell said that this next coronavirus relief bill will also be the last. The course of COVID-19 infections will certainly play a role in future debates over the best way to strengthen the economy. Coronavirus infections, with record numbers of infections rising in July.
However, the White House might try to squeeze in one more stimulus check before November. “There is likely going to be another round of stimulus come the fall,” said Kevin Cirilli, Bloomberg News’ lead Washington correspondent, on Monday. “The president sees this [current HEALS Act stimulus package] as not his last economic pitch ahead of the election.”
How can you get more help?
If you’re still waiting on the first round of coronavirus payments, you can, learn and find possible .
Here are even more resources aboutand , , and , and how to .