Month: October 2020

Hope has not run dry as to the chances that legislators will sew up negotiations on a stimulus bill before the Nov. 3 election and send a second stimulus check to over 150 million people in the US. President Donald Trump is pushing lawmakers hard to get out direct payments of up to $1,200 per person and hints he will intervene if the Republican-controlled Senate balks at passing the bill, which the White House administration is negotiating with House Speaker Nancy Pelosi, a top Democrat.

If the bill does go through — and you can read up on the significance of the Senate’s planned Tuesday vote here — we know of a few ways your check could be higher the second time around, or also smaller, if your circumstances have changed. We’ll take you through what we know about stimulus money.

For even more details, here’s the formula used to set your stimulus check total. This story was updated recently.

4 ways you could get more money with a

The screws are tightening on the debate over the coronavirus relief bill and the second stimulus check that could come with it. Whenever it happens — and it could either just squeak by before the Nov. 3 election, or slip to after the results are in — it’s likely that the maximum will top out at $1,200 per individual and $2,400 per married couple, just like the first check did. 

There may be some changes this time around that could affect the size of your check. If you have any dependents, your household could get a bigger payment. And in some cases, you might get less money. As was the case last time, the exact terms of a second payment would depend on the qualifications set out in the bill, whatever form it ends up taking — a stand-alone piece of legislation for checks, or a larger package. At this point, the exact contents and provisions within the White House’s $1.8 trillion offer aren’t yet transparent.

With the election just over two weeks

More than 150 million Americans are still waiting to find out when they’ll receive a second stimulus check that could come as part of a broader economic stimulus package. There’s growing doubt that the pieces will come together before the Nov. 3 election — which is now just over two weeks away. However, there’s reason to believe another stimulus bill will arrive: The White House, Senate and House of Representatives all want to pass a bill to bring more financial aid to struggling individuals and businesses.

A new payment is expected to include up to $1,200 per individual for eligible Americans and even more money for some families. Though we can’t say for certain when a new check would be approved, there’s a lot we know that could impact when it would arrive in your mailbox or bank account.

While keeping a close eye on the state of negotiations, we’ve sketched out four possible timelines for when you could get a check, from the earliest realistic date to a speculative date after the inauguration of the next president, on Jan. 20.

The timeline could change