Date to getIf you are President Donald Trump suddenly Until after Early Tuesday. And it seemed to restart later on the same day.
“When you get your standalone bill ($1,200) for your irritating check, you’ll immediately go to our great people. You’re ready to sign now. Are you listening to Nancy?” President account tweet, To mention House Speaker Nancy Pelosi and other congressional leaders.
that much Exaggerate it“When putting cash into the economy.It is widely believed to be necessary to combat the economic effects of the virus. Hours before Trump’s first announcement Tuesday morning, Federal Reserve Chairman Jerome Powell said “there is very little risk.”
The president disagreed on Tuesday afternoon. “I instructed my representatives to stop negotiations until the election is over,” Trump said. Shortly after being elected, we will pass a major stimulus bill that focuses on hard working Americans and small businesses. Tweet. Trump keeps receiving .,
Trump’s bomb delays the passage of the bill for a new relief package that includes:(See the timeline chart below.) We are tracking the earliest times to receive new stimulus confirmations, reflecting the realistic date the deal will close and when and how soon the IRS can send new stimulus confirmations. Adjusted the calendar to do. When the new package finally works.
This story has been updated recently.
When the IRS can send your first check now: 4 scenarios
Another stimulus package arises, finance minister Steven Mnuchin said It takes about a week to process your first payment. “I can get 50 million payments really quickly,” he said in August. Many of them go into people’s direct accounts.
We made speculations on potential dates based on the current situation in Washington. Not everyone receives payments at the same time. If the bill goes into law after the November 3rd election or after the January 20th, 2021 inauguration, read on to see how other priority groups are shaken.
The date the second stimulus confirmation may come out
|House passes the final bill|
|Senate passes final bill|
|First account deposit|
Week of November 23
Week of December 14
Week of December 21
Week of February 1
|Send your first check|
Week of december 7
Week of December 21
Week of january 4
Week of February 8
|first EIP card Sent|
Week of December 28
Week of january 5
Week of February 1
Week of March 8
Why Some People May Get Checks Before Others
IRS so far at least 160 million people Here are three ways to start with the person who applied for direct deposit. People with more complex scenarios Or even . This gives some people a de facto priority for getting their checks days or weeks earlier than others. We expect the IRS to adopt an almost identical system for sending the second stimulus package.
Direct deposit is the fastest: People who already haveWhen enrolling in the IRS or when enrollment resumes, the enrolled person must be the first to wait to receive a stimulus confirmation. Because electronic funds transfer is faster and more efficient, this group mostly received their first payment faster.
Social security beneficiaries: Many Social Security beneficiaries who registered direct deposit information with the federal government for their first stimulus payments received checks in the first week, but this was not always the first day.
People receiving paper checks: The IRS began mailing it about a week later to people with no direct deposit data on file.
EIP card recipient:It is a prepaid Visa card that the IRS has sent to about 4 million people from mid-May. If the IRS follows the same payment priority, this group will be able to see the check a few weeks after the first bank transfer is complete.
Last group: People who have received checks since June are still waiting for support payments or. Direct payments will continue until the end of 2020 for some individuals who do not belong to the previous group. What can be here Some and Report lost, lost or stolen checks
What is the longest waiting time for a check?
We expect most people to get paid sooner, but if the first round is any indication, it could take months for the IRS to send all checks. Six months have passed since the first stimulus package was paid, but the federal agency is stillWho owes money.
Even with the experience of processing around 160 million payments in the back pocket of the IRS, some people will have to tackle some hurdles to get the money..
Some additional resources to help
If you are still waiting for your first payment, learn It is possible .
Here are some resources for it.and , , and , And how .
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