25 million people collecting unemployment benefits and nearly 5 million people in danger of long-term or permanent job loss over the next two months, federal assistance is considered .are still committed to approving another , either before the or after, which includes . With more than
But if Washington does approve a new direct payment of(and ), how soon could realistically expect to receive it? It’s also important to know that — based on the first round of checks sent by the IRS and Treasury Department — not everyone will get their payment at the same time. Some checks could come weeks after those in the first wave.
We’ve mapped out roughly five groups that the IRS appears to have used to structure how and when thewere delivered. We help you figure out which group you could land in and what that means for how soon after approval your payment could arrive. This story updates often.
What are the dates the IRS could send my check?
Treasury Secretary Steven Mnuchin has said it would take about a week to process the first payments, when and if another stimulus check is signed into law. “I can get out 50 million payments really quickly. A lot of it into people’s direct accounts,” he said in August.
We’ve speculated some potential dates if a bill becomes law before the Nov. 3 election or after Inauguration Day on Jan. 20, 2021, based on current negotiations in Washington. Keep reading for more information on these priority groups.
Possible dates a second stimulus check could go out
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|House passes final bill||Oct. 26||Nov. 23||Dec. 7||Feb. 1|
|Senate passes final bill||Oct. 27||Nov. 30||Dec. 8||Feb. 2|
|President signs||Oct. 28||Dec. 1||Dec. 9||Feb. 3|
|First direct deposits sent||Week of Nov. 16||Week of Dec. 14||Week of Dec. 21||Week of Feb. 8|
|First paper checks sent||Week of Nov. 30||Week of Dec. 21||Week of Jan. 4||Week of Feb. 15|
|First EIP cards sent||Week of Dec. 21||Week of Jan. 5||Week of Feb. 1||Week of Mar. 15|
Why would some people get their money quicker than me?
The IRS has so far sent money to at least 160 million people three different ways, starting with people who filed for direct deposit. Some people with more complicated scenarios are or even for . This creates a de facto priority order that could lead some Americans to receive their checks days or even weeks before others. We expect the IRS will adopt roughly the same system for sending out a second stimulus check in 2020 as it did with the first stimulus check, which was approved in March.
Direct deposit is fastest: People who already have theiron 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. An electronic transfer of funds is faster and more efficient, which is why this group largely got their first payment faster.
Social Security beneficiaries: With 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, though not always the first day.
People who get paper checks: The IRS began to mail checks about a week later to those without direct deposit data on file.
EIP card recipients:are prepaid Visa cards the IRS sent to about 4 million people starting in mid-May. If the IRS follows the same payment priority order, this group could begin to see their checks weeks after the first direct deposit transfers go out.
Last group: People who received checks after June are still waiting to receive their stimulus payment or. Direct payments will continue through the end of 2020 for some individuals who weren’t part of the previous groups. Here’s what could be for some and to report a missing, lost or stolen check.
How long would I have to wait for my check?
While we expect most people to get their money sooner, if the first round is any indication, it could still take months for the IRS to send all the checks. Six months after the first stimulus payments went out, the federal agency is still trying towho may be owed money.
And even with the experience of processing roughly 160 million payments in the IRS’ back pocket, some people would probably need to clear a few hurdles to receive their money..
Where can I find more resources to help?
If you’re still waiting on the first round of payments, you can, learn and find possible .
And here are resources aboutand , , and , if you could receive and how to .