If aof gains approval by the end of the year, the IRS is prepared to go into overdrive to send out a new direct payment. But , you might not get more money right away. We’ll explain who could get their checks first and how quickly they could arrive after the IRS is mobilized.
The biggest challenge is predicting exactly what could happen and when, sincefor when Congress keeps shifting. Some lawmakers, including Senate Majority Leader Mitch McConnell, are sounding the alarm that negotiations won’t yield a new package by the . Others, like House Speaker Nancy Pelosi, disagree.
“I’m optimistic. I do think that we should have an agreement. That’s what we all want,” Pelosi said Friday. “We came down a trillion dollars right from the start and said, ‘We’ll come down a trillion and you go up a trillion.’ And then we went further than that and said, ‘We’ll meet you halfway.'”
Keep reading for an idea of when you might actually get paid, when and if a second stimulus check happens. Here’s how tofor your , what to do if you’re among the and how to find the approximate total of your next check using our . We update this story regularly.
What a new stimulus check schedule might look like
When and if another stimulus check gets the green light, Treasury Secretary Steven Mnuchin has said it would take about a week to mobilize the first payments. We’ve speculated as to some possible dates when that could happen, though the timeline keeps shifting in response to the latest news from Washington.
For reference, we also include the timeline for the now-expired. The payments don’t go out to everyone at once, so read on for which groups of people could get their payment first.
When the House returns next week, it will have 12 working days before it’s scheduled to break again for the election. The Senate has 22 working days during the current session, which started earlier this week, before it breaks for the election.
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|
|If Senate passes||If House passes||If president signs||First checks could be sent|
|Final negotiated bill||Sept. 30||Oct. 1||Oct. 2||Week of Oct. 12|
|Oct. 16||Oct. 19||Oct. 20||Week of Oct. 26|
|Dec. 1||Dec. 2||Dec. 3||Week of Dec. 7|
|If order signed||Direct deposit could start||First paper checks could start||First EIP cards could start|
|Presidential order||Sept. 18||Week of Sept. 28||Week of Oct 5||Week of Oct. 26|
Who could get a stimulus check first? The possible priority order
It’s likely the IRS would use roughly the same system for sending out the second stimulus check as it did for the first one, including the IRS Get My Payment tool forand registering for . That means the agency might also follow the same stages that paid some people days and even months before others.
Who got their checks first: The IRS sent the first batch of stimulus checks to people who had filed 2018 or 2019 tax returns and had already provided the IRS with their direct deposit information, according to the House Committee on Ways and Means. Following that model, the next stimulus payment could first reach people who’ve already registered for direct deposit, either as part of their 2019 tax filing or before.
Second group: The next group were Social Security beneficiaries who had direct deposit information on file with federal agencies. (About 80 million people got their checks through direct deposit in the first week they were disbursed, according to the IRS.)
Third group: Paper checks didn’t start getting mailed out until about a week later, to people who hadn’t signed up for direct deposit, but you could still register for the electronic bank transfer as late as May 13.
Fourth group: The first, which are prepaid, began going out in mid-May to about 4 million people.
Fifth group: Anyone who received their checks after June or is still waiting to receive their stimulus payment. Direct payments will continue through the end of 2020 for some individuals who were not part of the previous groups. Here’s what could befor some and to report a missing, lost or stolen check.
What could delay your stimulus check delivery
We won’t know for sure until a new bill is passed and the IRS forms a plan to send out checks, but here are points to consider.
Changes to aid for dependents: If a change is made to, it could require the IRS to adjust its accounting system. That may potentially slow things down for you. with if the rules change to include more people as eligible dependents.
Banking status: If your banking status changes, it could potentially hold up receipt of your payment. Banking status disproportionately impacted Black Americans and other people of color, according to an analysis by the think tank Urban Institute. People who are white and whose incomes were above the poverty line were more likely to have received their first stimulus check by the end of May than people who are Black, Hispanic or below the poverty line, the analysis found.
Nonfilers need to take an extra step: People who didn’t make enough money to be required to file federal income tax returns in 2018 or 2019 also would not get a stimulus check unless they submitted a form to the IRS. This group includes low-income families with children and a far greater number of Black people and people of color. Over 9 million people have.
The latest date you might receive another stimulus check
The IRS will have been sending the first stimulus payments from April 15 to approximately Dec. 31, 2020, a period of 260 days. If we follow the timeline, a second stimulus check that’s authorized before the end of 2020 could still be paying out funds to qualified recipients through the first half of 2021.
It’s likely that the IRS has streamlined its system enough to send checks to more people faster, but if the first round is any indication, there could be complications that could delay a second payment for many. Here are common hurdles that.
Once again, the schedule for the first stimulus checks may indicate the timeline, but there’s no official news until a law or executive action lays out the details.
If you’re looking for additional help
If you’re still waiting on the first round of payments, you can, learn and find possible .
And here are resources aboutand , , and , and how to .