Washington lawmakers are expected to authorizeas part of as soon as this weekend if continue to include and .
A handful ofis coinciding with a potential government shutdown without new action from Congress, but if another direct payment is approved in 2020, a .
With the Congressional deadlines and schedule in hand, we’ve sketched out some possible dates that a bill could pass that would send ayour way, based on your . We’ve also predicted some dates when a direct payment could arrive early next year — whether that would be a second, smaller share of or potentially a third payment.
For everything we currently understand about the second stimulus check, keep reading. This story is regularly updated with new information.
When will Congress vote on a second stimulus check?
Congressional leaders continue to hammer out the details of a $900 billion rescue package that could include. The House of Representatives could vote on more aid this weekend, after an extension to this year’s federal budget runs out, or Congress could extend the budget a few days.
“We’re not leaving here without a COVID package. It’s not gonna happen. We’re gonna stay here until we get a COVID package. No matter how long it takes, we’ll be here,” Senate Majority Leader Mitch McConnell said on Tuesday.
After President-elect Joe Biden gets, the new administration could that could include another direct payment — either a second smaller one, or perhaps even a third if a second one went out in 2020. That would mean that particular check would likely go out in February at the earliest. See the chart below for possible dates.
How long before the IRS could begin sending checks, once approved?
In August, Treasury Secretary Steven Mnuchin said it would take about a week from the time that another direct payment is approved to the time the IRS could process the first batch.
“I can get out 50 million payments really quickly. A lot of it into people’s direct accounts,” Mnuchin said then.
Here’s one: Not everyone will get a payment at the same time. With the first check, the IRS divided stimulus payments into three main groups depending on the form in which you received the money.
In the chart below, these speculative dates show when you might see a payment if Congress reaches an agreement this year. We also sketch out three other timelines if a bill becomes law after Bidento give you an idea of how long you might have to wait.
Possible dates a second stimulus check could go out
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|House passes final bill||Dec 20||Feb 1||March 1||April 5|
|Senate passes final bill||Dec 21||Feb 2||March 2||April 6|
|President signs||Dec 22||Feb 3||March 3||April 7|
|First direct deposits issued||Week of Jan 4||Week of Feb 8||Week of March 8||Week of April 12|
|First paper checks sent||Week of Jan 11||Week of Feb 16 (Feb 15 is Presidents Day)||Week of March 15||Week of April 19|
|First EIP cards sent||Week of Feb 8||Week of March 15||Week of April 12||Week of May 10|
Direct deposit, EIP card, paper check and you
The IRS sent out the first stimulus payments on a staggered timeline to different groups of people depending on how they were being paid: by direct deposit, paper check or. We dive more into the .