Stimulus Check 2 Whats The Hold Up

As required by the most recent stimulus bill the irs and us treasury on friday officially finished automatically sending the second round of stimulus checks to people who qualified for 600.

Stimulus check 2 whats the hold up. The white house is offering 1 8 trillion in coronavirus relief while democrats want to push the total over 2 2 trillion. The 2 2 trillion cares act signed by president trump at the end of march authorized the irs to send out the first round of checks 1 200 per person for qualified citizens those earning less. Gop leaders have indicated they d be willing to break up the package.

However there were some provisions that would allow for a greater number of people to qualify for a check. There s a theoretical chance that the new congress could bring up a bill to increase the 600 second stimulus check to 2 000 during trump s final days in office with the irs and us treasury. This article covers more regarding support for the next stimulus check.

The next stimulus check amounts and eligibility rules would roughly follow the same terms as the stimulus checks under the cares act. This is what s holding up your second stimulus check when the first coronavirus stimulus check was authorized by the cares act and sent out by the irs millions of americans used the money to pay. Read full story you may also like.

However being ineligible for a second stimulus check doesn t necessarily mean you re also ineligible for the recovery rebate credit when you file your 2020 tax return. The next stimulus check amounts and eligibility rules would roughly follow the same terms as the stimulus checks under the cares act.