Stimulus check: One possible change for the second round and everything else to know

Here’s what’s happening with a second stimulus check.


Angela Lang/CNET

A  second stimulus check is in the works, as negotiations lurch on-again, off-again and then some. But we have the benefit of siphoning clues about how it would work — they’re based on the first stimulus payment, sections of previous stimulus proposals from both sides of the aisle and the latest details of a White House-authored stimulus bill.

These are the key facts you need to know to get a grip on what’s currently happening with stimulus payments, including how much money you could potentially get, who may be eligible and if a check affects your taxes. We frequently update this story.

1. Negotiations are a roller coaster

Here’s the quick version: House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will continue to negotiate through the weekend. 

Both sides of the aisle are currently contesting the White House’s $1.8 trillion offer, which arrived Friday and includes another direct payment for up to $1,200 for individuals — as well as a change in the status of dependents (more below). As of Sunday, Pelosi called the $1.8 trillion White House offer “wholly insufficient.”http://www.cnet.com/”However,” she added, “I

Read More View More Stimulus check: One possible change for the second round and everything else to know