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Is a Second Stimulus Check on the Way?

Margaret Minnicks has been an online writer for many years. She writes about interesting things.


The information about a second stimulus check changes each day. The information contained in this article is the most up to date after a long meeting on Sunday, August 2, 2020. Do not think it is strange if the information changes because it is more likely to do so after more meetings on Monday, August 3.

The Internal Revenue Service (IRS) might send out a second stimulus check soon as part of the government's next aid plan. However, no definite date has been confirmed. If American households will get another check, the following information could be true.

"Soon" is such a vague word, but it gives hope for those who are waiting for help. There is a glimmer of hope in that a second stimulus check has already been approved. However, the White House and Congressional negotiators are deadlocked over the particulars concerning the package.

They have only said that no schedule has been finalized. Therefore, another check depends entirely on how long it takes for the final bill to be approved.

It might be encouraging to know that Senate Majority Leader Mitch McConnell confirmed on Thursday, July 30 that a second stimulus check has been agreed upon by GOP leaders in the Senate.

August 7 is the deadline for an agreement to be met before the current session ends. McConnell could change the date of the current session as he did in 2018. "There is no point in considering going home at the end of next week unless we have solved this problem," said Illinois Democratic Senator Dick Durbin on Thursday. Other senators might feel the same way and want to decide on something by August 7 so they can go home on August 8.

If an agreement is not met by August 7 and McConnell does not extend the session, nothing will happen until Congress meets again on September 8. When Congress resumes, the main focus will not be on a stimulus package. Instead, the major concerns will be on the upcoming Presidential election between Donald Trump and Joe Biden. All negotiators have agreed that it is best to come to an agreement before Congress ends rather than waiting until it returns in 30 days.

It is also encouraging to know that even though no agreement has been met, Congress and President Trump seem motivated to pass the bill before August 7 so that will not be hanging over their heads during their month-long recess. On Friday, House Speaker Nancy Pelosi said, “We anticipate that we will have a bill, but we are not there yet.”


Possible Payment Schedule

It is possible that a payment schedule will be as follows if things go smoothly. The checks could be sent out by the IRS in a schedule similar to the timeframe they used for the first stimulus check that most Americans received earlier this year. Keep in mind that these are tentative dates that could be earlier or later than indicated. The second round of checks could go out earlier because the distribution method used for the first round of checks is already in place. Treasury Secretary Steven Mnuchin thinks Americans should expect the second round of stimulus checks in August.

Let's say if the Senate passes the bill by August 7, and President Donald Trump signs the bill by August 10, then the checks will start going out the week of August 24. Even when they start going out, some people will have to wait much longer than others.


If the Senate does not pass the bill until the new session begins on September 8, then the President will sign it by September 11, and the checks will start going out the week of September 28.

People will remember that when the first stimulus check went out, it took weeks for everyone to get their payment via direct deposit, a paper check in the mail, or a debit card. More than likely, the same methods will be used and people will receive their money the way they received it before.

Last Check

The first stimulus package was called CARES which is an acronym for Coronavirus Aid, Relief, and Economic Security. The proposed second stimulus package is called HEALS which is an acronym for Health, Economic Assistance, Liability Protection, and Schools. If and when the second stimulus check is issued, McConnell said it will be the last one.

A check will be sent to people based on their annual income and number of dependents. The payment is not taxable and people can use it to pay for food, housing, clothing, or however they want to purchase.

The House of Representative called for $1,200 stimulus checks for most people. The White House also supports a second round of checks. In fact, President Donald Trump wants the check to be even more than than $1,200.

Groups Who Would Be Eligible for a Second Check

People who were eligible for the first stimulus check will also be eligible for the second stimulus check.

  1. Single United States citizens with an adjusted gross income of less than $99,000, according to their 2018 or 2019 income tax return
  2. Heads of households earning less than $146,500
  3. Couples without children who earn less than $198,000 and file jointly
  4. All dependents of any age, college students, disabled relatives, and taxpayers' parents
  5. Families of up to five people
  6. The Social Security and Supplemental Security Income (SSDI) recipients
  7. Non-US citizens who use an individual taxpayer identification number instead of a Social Security number to file tax returns and pay taxes

The proposal does not include those in prison and those who recently died. Creditors and banks cannot seize the payment or any part of it for debts a person owes. However, those who owe child support might not receive a full stimulus check.

Differences Between First and Second Stimulus Checks

Eligible adults received $1,200 the first time. The proposed amount is the same for a second stimulus check. The major differences affect dependents. The first check included $500 for each dependent up to 16 years old. College students were not eligible to receive anything.

The proposed amount for the second check is $1,200 for a maximum of three dependents no matter how old they are.

Updates Expected

Because the information about the second stimulus check is updated frequently, the information here is the latest news. This article is updated whenever new information becomes available.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.


Margaret Minnicks (author) from Richmond, VA on August 03, 2020:

My Brother Howard, I can tell you what you could do with your stimulus check when it comes. I think we will get it because it has been approved. The negotiators are at a deadlock about the details.

Howard L Taylor on August 03, 2020:

Thank you for the details regarding the second stimulus check and might I add with a wealth of information. I might need to hire you as my financial advisor as to what I should do with the pending deposit. Be blessed my sister.

Eric Dierker from Spring Valley, CA. U.S.A. on August 01, 2020:

Interesting indeed and well laid out.

Margaret Minnicks (author) from Richmond, VA on August 01, 2020:

Louise, those of us in the United States know quite well what a "stimulus check" is since we just received one in the amount of $1,200 a few months ago and have also received one in the past. Hopefully, you found out that a stimulus check is money given to taxpayers by the US government to "stimulate" the economy when people shop and spend the money however they want..The aim is two-fold: to stimulate the economy while helping taxpayers when they are short on money.

You didn't know that because you live in a different country and this information doesn't apply to you. Thanks for reading and commenting anyway.

Louise Powles from Norfolk, England on August 01, 2020:

I had to check what a stimulus check was as I've never heard of this term before.

Umesh Chandra Bhatt from Kharghar, Navi Mumbai, India on August 01, 2020:

Well narrated. You have given quite a good deal of information to the concerned US citizens. Good job. Stay blessed.