You Might Get A Stimulus Check Really Soon Despite Senate Talks Stalling

Tapper How on Earth can Congress adjourn for the weekend

As negotiations over the next round of Covid-19 relief plodded along, hope emerged that a stimulus deal will be reached by the end of the week.

"Wherever this issue settles concerning the President of the United States and his workforce that have to signal it into law and the Democrats, a not-insignificant minority in the Senate and greater part in the Household, is one thing I'm prepared to help, even if I have some problems with specific areas of it", McConnell said.

So assuming the deal gets made on Friday and the bill passes early next week, if the second stimulus checks get sent out with the same speed as the first ones did, it will take 13 business days, meaning they could be sent as early as Thursday, August 27. And if they don't make progress or a deal by the end of the week, they might not pass anything, White House chief of staff Mark Meadows told reporters Wednesday.

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Both sides have already agreed to a second stimulus check that would be sent out to Americans who made under $75,000 a year ago as well as renewing the enhanced unemployment benefits and eviction protections amid unprecedented unemployment brought on by health restrictions imposed during the pandemic.

What does this all mean for the amount of your stimulus check? "You can use Get My Payment to check the status of the $500 EIP per qualifying child, and you will receive another notice in the mail letting you know the $500 EIP per qualifying child was issued". Read on for everything we know right now and check back frequently for updates.

Eligibility requirements for this second stimulus check are largely the same as those of the CARES Act's $1,200 payments.

Individuals with dependents would receive an additional $500 for each dependent of any age.

Individuals who earned a gross adjusted income of up to $75,000 in 2019 (or 2018, depending on their last tex return) would receive the full $1,200 check. We can't say for sure that the figures above follow the IRS' internal rubric, which were based on this handy calculator that The Washington Post put together. This differs from the CARES Act, where only dependents under the age of 17 qualified. Each dependent would garner the taxpayer $500. In May, Dwelling Democrats passed the $3 trillion HEROES Act, which incorporates an extension of the unemployment advantages in the beginning granted with the signing of the CARES Act in March. The difference is that it doesn't limit dependents to those under 17 in order to qualify for the $500 payment. The lawmakers urged the IRS to find a way to send the money quickly. He said if the two parties could agree, the second stimulus check could be released much quicker this time.

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