While we can’t say for sure if awill be part of the — and — we know that if it is, there are several ways you could actually see more money with your next check than you did with the first.
Just like with the first round, any future second round of stimulus checks is expected to cap out at, but changes to the eligibility rules could lead to a compared to their first check. Several failed proposals have tried to expand or decrease eligibility for some groups. That means if you might be eligible to claim part or all of a second check. You also could receive or if there have been changes to your personal circumstances.
It’s now been eight months now since Congress authorized the, and with COVID-19 cases, joblessness (PDF) and food insecurity all surging in the US, the need for more economic aid has never been greater. The situation has become so dire that 127 of the country’s top economists this week penned an open letter (PDF) urging Capital Hill to immediately approve . But with Congress on recess until Nov. 30 and the winter holidays approaching, time is running out for lawmakers to before year’s end.
Again, we won’t know the rules for sure until a bill is signed into law. But we do know some possibilities, based onand possibly even the . For most people, the total amount you’re likely to receive is based on your , and .
Here’s how much more stimulus money you could potentially see if…
More people qualify as a dependent: The Democratic proposal for the next bill expands the definition of “Read more>>” to include on your tax returns — such as children over 16 and adults under your care. By today’s sums, that’s $500 more per person you support, with potentially no cap. If you had one dependent who qualified in the first round and three that qualify in the second, that would get your family $1,000 more if you had no other changes…