Stimulus Check 2: How long does it take to reach you?

Stimulus Check 2: How long does it take to reach you?

With the Senate's August recess postponed and millions of Americans waiting for answers on federal unemployment benefits extended over the weekend by President Trump, lawmakers are trying to agree on two stimulus check packages [Senators postponed the recess that began on August 10 to wrap up negotiations But even if the bill is approved and signed by President Trump in the next few days, Stimulus Check 2 will not arrive in your bank account in just a few minutes So when will the payment be made?

Treasury Secretary Steven Mnuchin, representing the White House, has indicated that the government may send the stimulus check2 "immediately" and within a week at the earliest

CNET indicates a possible timeline for when Americans can expect a stimulus package2 based on when an agreement is reached

This is, of course, the best-case scenario: as of August 10, Republicans and Democrats have not reached an agreement, and the White House has rejected the latest proposal from the Democrats

If the Senate goes into recess without reaching an agreement, a vote by Congress could be delayed until the week of September 8, and payments could be delayed until late September

As seen in the first round of the stimulus package, not all eligible Americans will receive benefits immediately Those who have filed a tax return or whose account transfer information was on file with the IRS earlier this spring will likely be the first to receive benefits

After that, it could take several weeks for all paper checks and debit cards to be processed and sent out; CNET also notes that IRS processing could be slow if the formula for determining payments has changed from the one used under the CARES Act

If you are still waiting for your first check, use the IRS Get My Payment app to check the status or call a representative at the IRS stimulus check phone number

The actual amount of Stimulus Check 2 has not yet been determined, but Americans with annual incomes of less than $75,000 (if single) or $150,000 (if married) will likely receive an additional $1,200 check Those earning up to $99,000 and $198,000, respectively, will likely continue to receive proportional benefits

Families with dependents, however, could receive a different amount than the initial check The Senate's main proposal, the HEALS Act, would provide $500 per dependent regardless of age, expanding on what the CARES Act provided House Democrats passed the HEROES Act, which would provide $1,200 per dependent, with a maximum of $6,000 per family

Enter your information into this Stimulus Check 2 Calculator and see how much you would receive under the HEALS Act

On August 8, President Trump signed a series of Executive Orders providing $400 per week in assistance to unemployed Americans However, this legislation does not replace the second wave of the stimulus package, and states will be responsible for implementing these additional benefits for their residents

The CARES Act provides an additional $500 per dependent under the age of 16, but some Americans who would have received dependent care benefits in the first stimulus check did not, CNBC reported

If you filed for a child using the IRS's non-filer tool before May 17, you may be one of the stimulus recipients who missed out on receiving dependent care benefits; the IRS will make the account transfer on August 5 and mail checks and debit cards on August 7

Additional benefits will be paid in the same manner as primary stimulus checks; the IRS Get My Payment app allows you to check the status of your dependents' additional benefits

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