The House of Representativesand is now officially in recess. But that doesn’t mean the next stimulus package that grants among is on hold.
Despite the House’s official departure (it can reconvene any time to vote) and the shadow of , discussions are very much moving ahead between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.
If anything, Trump’s illness could underscore the importance of more monetary aid during the. “We will find the middle ground,” Pelosi said Friday on MSNBC.
If a new stimulus bill is passed that includes a(including ), there are some groups who are likely to see it before others.
Below, we’ve posited four different timelines for when the IRS may start sending out payments to different priority groups, with the understanding that a stimulus payment hasn’t yet been approved. Usefor a specific estimate. We update this story often.
IRS schedule to possibly send the first checks — this will change
When and if another stimulus check happens, Mnuchin has said it would take about a week to orchestrate the first payments. “I can get out 50 million payments really quickly. A lot of it into people’s direct accounts,” he said.
We’ve speculated about potential dates based on calendars from the House of Representatives and the Senate, and also based on Pelosi’s vow to keep her chamber in session until a deal is reached. Not every person will get a payment at the same time — keep reading to see how the different priority groups shake out.
Note that, even if an agreement is reached by the end of Friday, it will still take time to hash out the details and draft new legislation to prepare for a vote, first in one chamber (the House, for example) and then in the other.
Possible dates a second stimulus check could go out
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|House passes final bill||Oct. 5||Oct. 9||Dec. 1||Dec. 7|
|Senate passes final bill||Oct. 6||Oct. 13 (Oct. 12 is Columbus Day)||Dec. 2||Dec. 8|
|President signs||Oct. 7||Oct. 14||Dec. 3||Dec. 9|
|First direct deposit sent||Week of Oct. 12||Week of Oct. 19||Week of Dec. 7||Week of Dec. 14|
|First paper checks sent||Week of Oct. 19||Week of Oct. 26||Week of Dec. 14||Week of Dec. 21|
|First EIP cards sent||Week of Nov. 9||Week of Nov. 16||Week of Jan. 11||Week of Jan. 18|
Why some people will get their checks faster than others
The IRS has so far sent money to at least 160 million people three different ways, starting with people who filed for direct deposit. Some people with more complicated scenarios are in fact or even for . This shakes out into a de facto priority order that could lead some to receive their checks days or even weeks sooner than others. We expect the IRS would keep roughly the same system for sending out the second stimulus check.
Direct deposit is fastest: People who already have theiron file with the IRS or who register it when and if registration opens again should be first in line to receive their stimulus check. An electronic transfer of funds is faster and more efficient, which is why this group largely got their first check faster.
Social Security beneficiaries: With the first stimulus payment, many Social Security beneficiaries who had direct deposit information on file with the federal government received their checks in the first week, though not always the first day.
People who get paper checks: The IRS began to mail these about a week later to people without direct deposit data on file.
EIP card recipients:are prepaid Visa cards that the IRS sent to around 4 million people starting in mid-May. If the IRS follows the same payment priority order, this group could begin to see their checks weeks after the first direct deposit transfers go out.
Last group: People who received their checks after June, are still waiting to receive their stimulus payment or. Direct payments will continue through the end of 2020 for some individuals who were not part of the previous groups. Here’s what could be for some and to report a missing, lost or stolen check.
What’s the longest I could wait for a check?
While we expect the bulk of people to get their money sooner, if the first round is any indication, it could still take months for the IRS to send all the checks. Six months after the first stimulus payments went out, the federal agency is still trying towho may be owed money.
And even with the experience of processing roughly 160 million payments in the IRS’ back pocket, some would probably need to clear a few hurdles to receive their money.for some.
A few more resources to help
If you’re still waiting on the first round of payments, you can, learn and find possible .
And here are resources aboutand , , and , and how to .