Between now and mid-December, Congressional legislators have just a handful of days to overcome stark differences andif they want to approve a second round of before Congress wraps up its term. If the House and Senate do , would the IRS have time to send out before 2021? (Here’s who at all.)
We worked out what it would take for the IRS to get you a check before the New Year, and how soon you could realistically expect it if Congress waits until, 2021 to act. Another is just one piece of aid Congress will weigh in the next few weeks. By Dec. 31, run out for tens of millions Americans.
If a second stimulus check is left out of the bill, however,. And if no bill passes at all by the time Biden takes up the presidency, here are the .
How quickly could the IRS send a second stimulus payment?
These speculative dates show you when you might see a payment — if a bill becomes law before or after.
One important note about the speed at which the first checks might arrive: In August, Treasury Secretary Steven Mnuchin said it would take about a week to process the first payments. “I can get out 50 million payments really quickly. A lot of it into people’s direct accounts,” he said. If a check doesn’t arrive until 2021, there will be a new Treasury secretary — President-elect Joe Biden has selected Janet Yellen, the previous chair of the US Federal Reserve, though she would need to be confirmed by the Senate.
Even if the checks were to go out faster the second time by following the existing IRS protocol from the first payment, that doesn’t necessarily mean your stimulus money would arrive a week after a bill went live…Read more>>