A second stimulus check may arrive in 5 different waves. Find out which one you’re in

If you got the first stimulus check, one fact about the direct payments you might not have known is which priority group you fell into, not to mention how quickly you received it compared to other recipients.

Negotiations to authorize a second stimulus check continue and it’s still up in the air whether it will happen before the Nov. 3 election — or after. While House Speaker Nancy Pelosi continues to be optimistic that an agreement can be reached before election day, Senate Majority Leader Mitch McConnell has made his opposition clear, on Tuesday reportedly cautioning the White House not to make a deal with Pelosi, the New York Times reported.

Even if the bill doesn’t pass by Nov. 3, the Senate, House of Representatives and White House have all at one point been in favor of a second stimulus check as part of a broader package at some point, so there’s hope after the election. A new payment is expected to include up to $1,200 for eligible individuals and even more assistance for some families.

The timeline remains in flux, but the overall schedule for when stimulus payments go out isn’t expected to change. Read on for help in understanding which priority group you might fall in if you qualify for a second stimulus payment, along with four plausible timelines. This story updates often.

How fast could the IRS send my payment?

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 as to some potential dates if a bill becomes law before the Nov. 3 election or after Inauguration Day on Jan. 20, based on current negotiations in Washington. Keep reading for more information…Read more>>

Source:-cnet 

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