Stimulus Check Updates By IRS: Your Money In Your Bank Account Soon!: According to the first stimulus check, Americans can gain up to $1200 by the end of this year. The payment includes eligibility, taxes and form in which they paid the taxes.
After the news, if the first stimulus check went viral, news for another bill came up. And the sign is yes, a person who is a citizen of America and is paying all the required taxes can receive stimulus not only once but twice this year.
President Donald Trump on Friday said that his team in the White House is looking into ways to provide stimulus funding. He says due to the pandemic has hit hard at the lives of people financially, everyone deserves something.
Negotiations are going on in the White House related to the stimulus check and their eligibility to gain the funds. However, they expect the Republicans to represent a bill worth $500 billion. The bill should possibly include a check that would affect the timeline of the country even more.
After the first stimulus check if the second check happens Treasury Secretary Steven Mnuchin has sent the IRS that it can start sending funds within a week. Depending on the eligibility, a person can gain from $500 up to $3000 after a week of applying.
What is the eligibility to get the second stimulus check?
|Date passed by Senate||Date passed by House||Date signed||First checks sent|
|Original CARES Act||March 25||March 26||March 27||April 15|
|If Senate passes||If House passes||If president signs||First checks|
|Final negotiated bill||September 11||Sept. 16||Sept. 17||Week of September 28|
|Sept. 30||Oct. 1||Oct. 2||Week of October 12|
|Oct. 16||Oct. 19||Oct. 20||Week of November 2|
|If order signed||The direct deposit could start||First paper checks could start||First|
|Presidential order||September 12||Week of September 21||Week of September 28||Week of October 19|