Second stimulus check timeline: When might the IRS get you another payment? - CNET

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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.

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Is there a chance a second stimulus check in the form of a paper check, direct deposit or EIP card still go out to eligible Americans by the end of 2020? Exactly how quickly this might happen depends on a few key negotiators in Washington.

There has been little movement to reach a deal over the past month, despite both sides of the aisle publicly and repeatedly calling for a compromise on the size and scope of the package -- after inching closer together, the two camps are around $1 trillion apart in their thinking. Republicans are also working on a more "targeted" relief bill worth $500 billion that they plan to release next week.

"Americans need our help and deserve a bill that meets the needs of the nation," Senate Minority Leader Chuck Schumer tweeted Thursday.

Treasury Secretary Steven Mnuchin expressed hope for the future of the talks: "I believe a bipartisan agreement still should be reached," he said, according to CNN Tuesday. 

Mnuchin has previously indicated the IRS could start issuing checks within a week of a final package becoming law, but when will that be? We've mapped out some possible dates that checks could go out, a potential payment schedule and who might receive a priority payment. This story is frequently updated.

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Possible dates the IRS could send a second stimulus check

Any hope of negotiations starting up again are sliding into September; 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. 11	Sept. 16	Sept. 17	Week of Sept. 28
	Sept. 16	Sept. 17	Sept. 18	Week of Sept. 28
	Sept. 23	Sept. 24	Sept. 25	Week of Oct. 3

These people could receive a second stimulus check sooner

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/CNET

Reasons your stimulus check may arrive 'late'

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.

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/CNET

If you need additional 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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