Not quite, With talks shifting to after the election, we've mapped out some potential dates a bill could pass, and what it means for your check, depending how you'll get your money.
If legislation containing a new stimulus check is approved sometime after the election, those who are eligible may expect to be divided into priority groups that will determine how quickly the IRS will send their money. "Without faster job growth — unlikely at this stage of the recovery — or increased fiscal aid, households, businesses, and state and local governments will be increasingly susceptible to a deterioration of the health situation," noted Gregory Daco, chief U.S. economist at Oxford Economics. A new stimulus bill with a second stimulus check could still be passed after the election, but nothing is guaranteed. Direct deposit recipients: People who already have their direct deposit information on file with the IRS or who provide that info when and if registration opens again should be first in line to receive a stimulus check. Pelosi: Stimulus bill is a big price, but virus is a big problem, Ozarks public health workers feel 'hated' in Covid-19 spike, WH Covid-19 adviser apologizes after giving interview to Russian TV network controlled by the Kremlin, Only 4 states trending down in Covid-19 cases, Covid-19 model predicts deaths may triple by mid-January, Analyst explains why hospitals are vulnerable to hackers, Dr. Ruth gives sex advice in the age of Covid-19, Getty photographer documents moment of home evictions, El Paso woman hospitalized with Covid-19 has a message for Americans, Dr. Fauci warns: 'We are going in the wrong direction', CNN: New rise in coronavirus cases in counties that held Trump rallies, Dr. Gupta: Even stalling the trajectory would be such a significant move, Dr. Fauci: US may not be back to normal until 2022, North Dakota leading in number of new coronavirus cases. “Because your letter to me inaccurately describes the status of our current negotiations, I feel obligated to respond,” he wrote.
In August, Treasury Secretary Steven Mnuchin said it would take about a week to process the first payments. People who get paper checks: The IRS began to mail checks about a week later to those without direct deposit data on file. How to tell the difference.
But Mr. Trump soon tweeted that he was pulling the plug on negotiations over further stimulus. Both Republicans and Democrats have proposed second $1,200 stimulus checks in the past five months. "We know that very well because we represent those people.". Otherwise, you may need to claim a catch-up payment or error adjustment as part of your 2020 federal tax return.