How soon could your second stimulus check come? We lay out some possible dates from the time the bill is passed to when your money could actually arrive.
James Martin/CNETIf a second stimulus check is coming from the IRS in 2020, when you might get it hinges on if Congress passes another economic stimulus package. Although talks on a new rescue bill are starting to look shaky, there's still hope that both sides could find common ground and pass a comprehensive bill that includes a fresh round of direct payments for eligible Americans. Each side of the aisle has publicly expressed a desire to resume negotiations.
"We have said again and again that we're willing to come down and meet them in the middle — that would be $2.2 trillion," House Speaker Nancy Pelosi said Thursday after a call with White House Chief of Staff Mark Meadows.
If a bill can eventually be passed, there's reason to believe your check, direct deposit or EIP card could come sooner rather than later, based on one important clue. Treasury Secretary Steven Mnuchin has said the IRS can start issuing checks within a week of approval, if negotiators strike a deal. In contrast, it took 19 days for the IRS to build a process and issue the first round of stimulus payments after the CARES Act passed in March.
We can use that timeframe to sketch out a potential schedule for a second round of direct stimulus payments -- read on for more details. This story updates frequently.
How soon could the IRS deliver a second stimulus check?
Negotiations are likely to slide into September, after the new congressional session officially begins. The Senate is adjourned until after Labor Day, which is Sept. 7.
Here are some possible dates that another stimulus bill could pass and the IRS could send the first checks. For reference, we also include the timeline for the now expired CARES Act. The payments don't go out to everyone at once, so we'll go over which groups of people could get their payment first.
When could the second stimulus checks go out?
| Date passed by Senate | Date passed by House | Date signed | First checks sent | |
|---|---|---|---|---|
| Original CARES Act | March 25 | March 26 | March 27 | April 15 |
| If Senate passes | If House passes | If president signs | First checks could be sent | |
| Final negotiated bill | Sept. 8 | Sept. 9 | Sept. 10 | Week of Sept. 21 |
| Sept. 10 | Sept. 11 | Sept. 14 | Week of Sept. 28 | |
| Sept. 14 | Sept. 15 | Sept. 16 | Week of Sept. 28 |
Which group would get a second stimulus check first?
It's likely the IRS would use roughly the same calculations and tools for sending out the second stimulus check as it did for the first one, including the IRS Get My Payment tool for tracking your stimulus check payment and signing up for direct deposit.
First group: The IRS sent the first batch of stimulus checks to people who had filed 2018 or 2019 tax returns and had already provided the IRS with their direct deposit information, according to the House Committee on Ways and Means. Following that model, the next stimulus payment could first reach people who've already registered for direct deposit, either as part of their 2019 tax filing or before.
Second group: The next group were Social Security beneficiaries who had direct deposit information on file with federal agencies. (About 80 million people got their checks through direct deposit in the first week they were disbursed, according to the IRS.)
Third group: Paper checks didn't start getting mailed out until about a week later, to people who hadn't signed up for direct deposit, but you could still register for the electronic bank transfer as late as May 13.
Fourth group: The first Economic Impact Payment debit cards, which are prepaid, began going out in mid-May to about 4 million people.
Fifth group: Anyone who received their checks after June or who is still waiting to receive their stimulus payment. The IRS has told CNET that 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 holding up the stimulus check delivery for some and how to contact the IRS to report a missing, lost or stolen check.
Another stimulus check for up to $1,200 could find its way into your bank account this year.
Sarah Tew/CNETWhy your second stimulus check could arrive later than someone else's
We won't know for sure until a new bill is passed and the IRS forms a plan to send out checks, but here are points to consider.
Changes to aid for dependents: This depends on which version of the bill passes. The CARES Act allotted $500 for dependents age 16 and under. The Republican-backed HEALS Act also allocates $500 for dependents, of any age. But the Democratic-backed Heroes Act suggests $1,200 for a maximum of three dependents. If a change is made, even if it ultimately leads to more money being sent, it could require the IRS to adjust its accounting system. That may potentially slow things down for you.
Banking status: With the first checks, people who didn't submit direct deposit information to the IRS had to wait longer to receive the stimulus money through the mail. As of June, 120 million people had received the stimulus money via direct deposit, 35 million were sent a check in the mail and 4 million were sent a prepaid debit card. The IRS hasn't provided an update on how many people received a stimulus check by Aug. 1.
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Banking status has affected the speed of payments since the CARES Act passed, disproportionately impacting Black Americans and other people of color, according to an analysis by the think tank Urban Institute. People who are white and whose incomes were above the poverty line were more likely to have received their first stimulus check by the end of May than people who are Black, Hispanic or below the poverty line, the analysis found.
People who didn't make enough money to be required to file federal income tax returns in 2018 or 2019 also would not get a stimulus check unless they submitted a form to the IRS, according to a report from the Center on Budget and Policy Priorities. This group includes low-income families with children and a far greater number of Black people and people of color.
When's the latest date you could receive another stimulus check?
Once again, the schedule for the first stimulus checks may provide an indication, but there's no official news until another relief package is finalized.
The IRS will have sent about 200 million checks by the time the agency is done distributing the first raft of payments. (The total US population is over 330 million people, according to the Census Bureau.)
The majority of those were sent by the beginning of June, though the IRS said it will continue to send payments through the end of the year.
Some Americans are still waiting for their first stimulus check to arrive.
Sarah Tew/CNETHow you can get more help
If you're still waiting on the first round of payments, you can track the status of your stimulus check, learn how to report your no-show check to the IRS and find possible reasons why your stimulus check still hasn't arrived.
And here are resources about coronavirus hardship loans and unemployment insurance, what you can do if you've lost your job, what to know about evictions and late car payments, if you could receive two refund checks from the IRS and how to take control of your budget.
Shelby Brown contributed to this report.
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