CHECK AGAIN
You could get second $1,200 stimulus check BEFORE the end of the year after Biden’s election win over Donald Trump
AMERICANS awaiting the next stimulus package may be in for some good news, with a second $1,200 check possible by the end of the year.
Following the presidential election, House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell is necessary before the end of the year.
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Despite no clear date being set to restart talks, the election of Joe Biden could free-up Congress to come together and find a deal during the transition.
When the next stimulus bill be signed?
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Last week, during a House briefing, said she is “calling on the administration to come back to the table” to get a relief bill done.
also said last week that a when Congress returns, saying, “I think we need to do it before the end of the year.”
One scenario could be if the House passes the bill on December 11, which then passes the Senate a day later and the president signs it into law on December 13. If that happens, the first direct deposits will reach Americans the week of December 28.
Scenario two is if the House passes the bill on February 1 after Biden's inauguration. Then then the first direct deposits could reach Americans the week of February 8.
The third scenario is if the House passes the bill on March 1, passes the Senate on March 2 and is signed by the president on March 3. Then the first direct deposit reaches folks the week of March 8.
Who will receive their stimulus checks first?
There are a few ways the IRS sends out money to Americans and the quickest way is via direct deposit set up on the agency’s website.
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 open again should be the first to receive their money.
You can sign up for direct deposit via the IRS' website by clicking .
Social Security beneficiaries: Just like the first stimulus payment, many Social Security beneficiaries who had direct deposit information on file with the federal government received checks in the first week.
People who wait for mail-in checks: The IRS began to mail checks about a week later to those without direct deposit data on file.
EIP card recipients: Economic Impact Payment debit cards are prepaid Visa card the IRS sent to about four million people starting in mid-May.
If the IRS follows the same steps as when the first stimulus package passed, this group could begin to see their checks weeks after the first direct deposit transfers go out.
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Some people are still owed their first stimulus check
Over 160million Americans have received their $1,200 stimulus check, however, the IRS is still trying to track down millions of people who may be owed money.
If you think this applies to you, you may be able to claim your missing check by the Nov. 21 deadline.
This includes people who didn’t receive a $500 check for their dependents, some people who are involved in child-support situations and non-filers who may be owed a check.
These are the you should do to claim your money if you don't typically file a federal income tax return.
Step 1: Full name, current mailing address and an email address.
Step 2: Date of birth and valid Social Security number.
Step 3: Bank account number, type and routing number, if you have one.
Step 4: Identity Protection Personal Identification Number (IP PIN) you received from the IRS earlier this year, if you have one.
Taxpayers who previously have been issued an Identity Protection PIN but lost it, must use the tool to retrieve their numbers.
Step 5: Driver’s license or state-issued ID, if you have one.
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Step 6: For each qualifying child during 2019: name, Social Security number or Adoption Taxpayer Identification Number and their relationship to you or your spouse.
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If you're still waiting on the first round of checks, you can track the status of your stimulus check by clicking .
The IRS will continue to send payments through Dec. 10, 2020.
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