When will you get a second stimulus check? – WCVB Boston

When will you get a second stimulus check? – WCVB Boston

A second round of stimulus payments is included in a coronavirus relief package struck by congressional leaders late Sunday.Lawmakers are expected to vote Monday on the deal, which would provide for $600 checks, but experts say it will take at least two weeks for the Treasury to get cash into individuals’ bank accounts after legislation is signed.”The timing could be more challenging this time, but the IRS could likely begin to get the money out in January,” said Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center.In March, Congress provided individuals with $1,200 direct payments and couples with $2,400 plus $500 per child under the $2 trillion CARES Act. Those payments started phasing out for singles who earn more than $75,000 a year and those earning more than $99,000 did not receive anything. The income thresholds were doubled for couples.As with the first round, the new payments will only be sent to people below a certain income level. According to reports, the payment would start phasing out for individuals who earn more than $75,000, similar to the fist payments.It took two weeks after that bill was passed for the IRS to start distributing the money — but some eligible recipients still haven’t received it, months later.Who gets the money fastestThe payments do not go all out at once. Those whose bank information is on file with the IRS will likely get the money first because it will be directly deposited into their account. Others will receive
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