Your second stimulus check can come sooner than you think

The sending of money can take longer this time, says expert.


Americans are waiting anotherEmergency coronavirus backup Bill To be agreed, a second series of stimulation controls could be sent. Finally, on December 20, the Congress took place at a consensus and once the legislators voted on the invoice on December 21, the process of obtaining the recovery checks sent will begin shortly thereafter. In fact, according toTreasury SecretarySteven Mnuchin, you could have your checkvery A little after. Mnuchin called CNBCSquawk on the streetDecember 21 of the advance on the expected vote of the Congress and said: "The people willsee this money At the beginning of next week. "

However, the experts predict that this could takeat least two weeks For the Treasury to begin to get money in the accounts of the people once the legislation is signed. "The timing could be more difficult this time, but the IRS could probably start getting money in January"Howard Gleckman, a senior man at the Urban-Brooking Tax Policy Center, CNN said. Nevertheless, it is unlikely that all eligible people will see that their stimulus checks are in January. After the first rescue package, it took about two weeks of the IRS to start distributing the recovery checks and the process continued for months.

Want to know more about the second coronavirus relief bill? Continue reading to answer your most pressing questions and for more updates to the White House, checkA head of the White House has just given this warning on the new COVID mutation.

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How much will my second stimulus control?

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The economic relief invoice comes to about $ 900 billion, according toThe Washington PostBut the new set of stimulus controls for individuals will be $ 600. This is half the amount of the first stimulus audit that was part of the $ 2.2 billion of origin approved in March. And if you are ready to make big changes for more money, checkThe state where you can make the most money.

Who is eligible for a second stimulus check?

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Similar to the first stimulus controls, only those who earn below a certain amount will be eligible. According toNewsweek, Americans whoearned less than $ 75,000 In 2019, will qualify for the full verification of $ 600 of stimulus. Anyone who has done more than $ 75,000 in 2019 will receive a reduced payment and Americans who earned more than $ 99,000 in 2019 will not receive any support.

Children are also eligible to receive the full $ 600 stimulus check of $ 600, which is $ 100 more than they received during the first set of checks. You can calculateHow much your household will happen here. And to see how your condition is with the vaccine, checkThese states get less than the Covid vaccine than they told them.

How can I get my money faster?

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If you wantGet your stimulation check As soon as possible, you must make sure your banking information is on file with the IRS. According to CNN, the money will probably be deposited directly to those who have this configured information.

If you receive a paper check card or a prepaid debit card in the mail, you will probably wait at least a few more weeks. According toNewsweek, the treasure has the ability to post up to7 million paper checks per week. Once the first relief invoice has been adopted at the end of March, the Treasury "began sending paper checks to mid-April starting with low-income families earnings less than $ 20,000 a year", reports Release. Then, the debit cards were sent from mid-May.

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What else does the emergency invoice understand?

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In addition to a second batch of stimulus controls, the new relief package includes more benefits for those who are unemployed. According to CNBC, anyone using pandemic unemployment assistance (PUA) to access unemployment benefits and long-term unemployed using the benefits of pandemic umpowerment remuneration will now be eligible for an additional 11 weeks of payment until On March 14, 2021. The package also provides additional $ 300 per week to those receiving unemployment until March 14, 2021.

The bill also provides more payroll protection programs (PPP)Loans for small businesses and extends PPP eligibility to non-profit organizations and local newspapers, on television and radio broadcaster, according to the CNBC. In addition, the bill extends the national expulsion moratorium until 31 January 2021 and includes assistance to childcare service providers and kindergarten colleges at K-12. And for more information on the last with the pandemic, checkThat's why Dr. Faisci has not yet received the vaccine.

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