When Will Stimulus Check 2 Be Approved

There was a tremendously fast turnaround.

When will stimulus check 2 be approved. On december 28 the u s. Stimulus check qualifications were more generous with a second round than the first and the trend could continue with a third payment. Unlike the 1 200 stimulus payments from the cares act that took months to distribute the irs has until january 15 to get the second round of payments out.

The irs said last tuesday that. After months of bickering over a bi partisan bill congress agreed on a 600 stimulus check sunday. How fast could the irs start sending the third stimulus checks.

House of representatives voted to pass a bill to increase the 600 stimulus checks to 2 000 with the bill receiving the needed two thirds majority of the members voting. Similar to the cares act individuals making between 75 000 and 100 000 will receive gradually smaller payments while individuals making 100 000 or more will not receive a stimulus check. The 600 checks are half as large as the 1 200 payments lawmakers approved under the cares act in late march but they could still offer many americans a short term financial lifeline within weeks.

In under three weeks the irs and treasury sent over 100 million second stimulus checks. Last month congress approved 600 direct payments for most americans. Here s where eligibility requirements stand right now.