Is Stimulus Check Number 2 Coming
After months of back and forth over stimulus relief lawmakers have agreed on a plan that includes a second stimulus check for 600.
Is stimulus check number 2 coming. The irs isn t done paying out the second stimulus check but a third payment is already on the agenda. Senate majority leader mitch mcconnell says the next coronavirus stimulus package will be the last one. And they ll have to file a 2020.
The 600 checks will only go out to individuals making less than 75 000 a year or couples making less than 150 000. Note that when biden incoming senate majority leader chuck schumer and others talk about pushing out 2 000 stimulus checks it s unclear at this point whether they re talking about new. The approximately 900 billion legislation includes a 600.
The timing of that check be it next month or further in the future remains uncertain. Of stimulus checks provided. Themselves divided on a number of.
Similar to the cares act individuals making between 75 000 and 100 000 will. In other words the update is that if irs stimulus check number 2 doesn t make it into the bill there won t be a second round of checks at all. The current qualifications for the second stimulus check come with changes that benefit some but not others.
Stimulus check payments have arrived in most eligible taxpayer s bank accounts of mailboxes but you might be wondering where yours is when it s coming whether you qualify or if stimulus check 2 or a second round of checks is happening. And they could change again with the third check biden is proposing. A third stimulus check in the coming months is likely given the political and economic landscape.
As a result a second stimulus check might never arrive for some struggling families. Eventually they will see relief but it won t be the kind of help many expect.