Your second round of $1,200 stimulus payment could be sent in a check, debit card or direct payment in just WEEKS
As the August 7 Senate recess draws closer, Republicans and Democrats are still deadlocked over the details of the HEALS Act.
Senate Majority Leader Mitch McConnell unveiled the Republicans' $1trillion coronavirus relief plan on Monday, prompting Americans to ask when they'll receive a second round of stimulus checks.
If lawmakers make the deadline – and President Trump signs off on the HEALS Act right away – the next stimulus payments could be sent in August.
According to a predicted timeline published by CNET modelled on the first round of coronavirus relief payments in April, Americans can expect funds to start being released the week of August 24.
As in April, the payments are likely to be delivered by one of three methods: a check in the mail, a direct payment, or a debit card loaded with the funds.
The payments will likely be staggered, meaning while some could receive the money in late August, millions might not get theirs until September, or even early October.
It could be further delayed if the Senate does not reach a deal by the August 7 recess, meaning negotiations would resume until September 8.
Glitches and delays plagued the first round of stimulus payments. But the IRS now has the Get My Payment tool setup, meaning the second round of payments should go more smoothly.
White House economic adviser, Larry Kudlow recently confirmed the HEALS Act will include a $1200 payment for eligible Americans.
“There’s a $1,200 check coming, that is going to be part of the new package," Kudlow said on CNN's State of the Union.
The HEALS Act includes a package of separate bills to gives Congress the option of passing parts of the agenda now and others later.
The legislation includes a proposed extended pandemic unemployment assistance at a lower rate of $200 per week extra instead of the $600 Americans have been receiving from April to July.
$150billion in education funding for schools, liability protections for businesses from coronavirus-related lawsuits, extending the Paycheck Protection Program of forgivable small-business loans.
$20billion in farm aid, $1.75billion for a new FBI headquarters in Washington D.C and tax breaks for businesses with increased costs due to PPE, testing and other precautions.
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