As Americans continue to wait on financial assistance during the pandemic, stimulus check talk is still ongoing. It may be light at the end of the tunnel.
More talks could be on the verge of restarting, which may mean another stimulus check for millions of Americans. But when you could receive it will depend on what happens in Washington between now and Jan. 20.
A second stimulus check has yet to be approved in Washington, so we don’t yet know when the IRS will be able to start issuing payments. Ahead of his inauguration, President-elect Joe Biden has his own stimulus plan that includes funding for stimulus aid, but new legislation still must pass in Congress.
Once approved, the federal agency will send payments of up to $1,200 to qualifying people whom the IRS considers adults over the course of weeks or even months. This will likely start with people who set up direct deposit, then proceed to paper checks and then through EIP debit cards — and here’s who probably won’t qualify for another round of stimulus money.
Below, we’ve sketched some possible timelines that could be used once more stimulus aid is funded — we’ve also created a stimulus calculator for specific estimates. If the IRS owes you a full or partial check, you must file a claim by Nov. 21.
POSSIBLE DATES A SECOND STIMULUS CHECK COULD GO OUT
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|House passes final bill||Dec. 11||Feb. 1||Mar. 1||Apr. 5|
|Senate passes final bill||Dec. 12||Feb. 2||Mar. 2||Apr. 6|
|President signs||Dec. 13||Feb. 3||Mar. 3||Apr. 7|
|First direct deposits issued||Week of Dec. 28||Week of Feb. 8||Week of Mar. 8||Week of Apr. 12|
|First paper checks sent||Week of Jan. 11||Week of Feb. 16 (Feb. 15 is President’s Day)||Week of Mar. 15||Week of Apr. 19|
|First EIP cards sent||Week of Feb. 8||Week of Mar. 15||Week of Apr. 12||Week of May 10|
More updates to follow as this scenario changes daily.