There’s renewed hope that the fate of a will be decided soon. What happens Thursday could have a tremendous impact on the date a would arrive. If between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi yield an agreement, there’s a higher chance a bill would pass in early October.
If negotiations fail and it’s back to the drawing board, well, then things get complicated. However the House will vote on a and the volley with the Senate to pass legislation could begin anew, which means that it could still take weeks or even months to agree on more relief aid, including a .
“We made a lot of progress over the last few days. We still don’t have an agreement, but we have more work to do. And we’re going to see where we end up,” Mnuchin told reporters Wednesday.
We’ve mapped out four different timelines for when the IRS could start sending payments to different groups — including who would get a check first and who might get it last. Keep reading for our best guess on dates, and estimate your total check with . We update this story often.
When the IRS could possibly send the first checks to each group
When and if another stimulus check happens, Treasury Secretary Steven Mnuchin has said it would take about a week to orchestrate the first payments. “I can get out 50 million payments really quickly. A lot of it into people’s direct accounts,” he said.
We’ve speculated potential dates based on calendars from the House of Representatives and the Senate, and also based on Pelosi’s vow to keep her chamber in session until a deal is reached. Not every person will get their check at the same time — keep reading below for how the different priority groups shake out.
Note that, even if an agreement is reached by Oct. 1, it will still take time to hash out the details and draft new legislation to prepare for a vote, first in one chamber (the House, for example) and then in the other.
Possible dates a second stimulus check could go out
|Scenario 1||Scenario 2||Scenario 3||Scenario 4|
|House passes final bill||Oct. 5||Oct. 9||Dec. 1||Dec. 7|
|Senate passes final bill||Oct. 6||Oct. 13 (Oct. 12 is Columbus Day)||Dec. 2||Dec. 8|
|President signs||Oct. 7||Oct. 14||Dec. 3||Dec. 9|
|First direct deposit sent||Week of Oct. 12||Week of Oct. 19||Week of Dec. 7||Week of Dec. 14|
|First paper checks sent||Week of Oct. 19||Week of Oct. 26||Week of Dec. 14||Week of Dec. 21|
|First EIP cards sent||Week of Nov. 9||Week of Nov. 16||Week of Jan. 11||Week of Jan. 18|
Some people will get their checks quicker than others
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 in fact or even for . This shakes out into a de facto priority order that could lead some to receive their checks days or even weeks sooner than others. We expect the IRS would keep roughly the same system for sending out the second stimulus check.
Direct deposit is fastest: People who already have their on file with the IRS or do so when and if registration opens again should be first in line to receive their stimulus check. An electronic transfer of funds is faster and more efficient, which is why this group largely got their first check 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 their checks in the first week, though not always the first day.
People who get paper checks: The IRS began to mail these about a week later to people without direct deposit data on file.
EIP card recipients: Economic Impact Payment debit cards are prepaid Visa cards that the IRS sent to around 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: Anyone who received their checks after June, is still waiting to receive their stimulus payment or . Direct payments will continue through the end of 2020 for some individuals who were not part of the previous groups. Here’s what could be holding up the stimulus check delivery for some and how to contact the IRS to report a missing, lost or stolen check.
What’s the longest I’d have to wait for my check?
While we expect the bulk of 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 to who may be owed money.
And even with the experience of processing roughly 160 million payments in the IRS’ back pocket, some would probably need to clear a few hurdles to receive their money. Here are common bumps that .
A few 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 about and , , and , and how to .