Thecould come hot on the heels of the , with new proposals and timelines appearing at a regular clip, in contrast to the often slow pace of consensus lawmaking. There are three things that have to happen to get a out the door. First, lawmakers and leaders have to agree on a that govern and won’t get the . Second, the bill has to pass both chambers of Congress ( ) and third, the and process a third payment — which would likely happen , further complicating matters.
When you actually receive your personal payment is another question. The gap between the time Congress might approve aand when it lands in your or could differ depending on which payment group you’re part of. We’ve mapped out possible dates and explore questions about below. This story has updated with new information.
Next stimulus payment schedule: 2 possible timelines
The stimulus check timeline is no sure thing. If all the pieces come together — the latest proposal stitches into place, negotiations go smoothly and a vote arrives without delay — it’s conceivable that a stimulus package passes before March with a third stimulus check intact. A delay of any sort could push it back days or even weeks.
We’ve mapped out some hypothetical dates for two situations: if a bill were to pass before the end of February, or by March 14, a date when some. The chart below highlights when the IRS could potentially send the next stimulus check, based on how quickly the IRS processed and sent out the second stimulus payments.
Note that different payment groups by method (, and ) may begin to show up at different times. And it could take weeks for people in a group to all get their funds, so consider these dates a starting point only, and read on for more details. We’ll refresh these dates as the situation changes in Washington.
When could the next stimulus check possibly arrive?
|Stimulus check passes Congress||Friday, Feb. 26||Friday, March 12|
|Stimulus bill signed into law||Monday, March 1||Sunday, March 14|
|First direct deposit check sent||Week of March 8||Week of March 22|
|First paper checks sent||Week of March 15||Week of March 29|
|First EIP cards sent||Week of March 22||Week of April 5|
|Claims for missing stimulus money open (after tax season ends)||May 3||May 3|
Your stimulus payment group priority could be fluid
This is an important question. deposits going to temporary accounts, which were rejected by banks.typically get their stimulus checks faster, as evidenced by the first two rounds of payments. But both times there have been issues involving
The IRS told CNET in January that some people who received a physical check orthe first time may get paid by the other method the second time around. And, anecdotally, we’ve heard of people who received direct deposit payments the first time finally getting an EIP card in the mail — and not an electronic bank transfer — two weeks after the IRS tool said the payment was issued.
Our recommendation is to make sure you haveas part of your , if you . We also suggest you attempt to , so you’re set with your most recent financial information.
The other payment groups loosely defined (by us) include Social Security beneficiaries, who received payments a different way the first time if they’re part of the, and people with more complex scenarios that could lead to potential . People in different have been one example, and so have , as well as those with .
How fast could the IRS send all the third stimulus checks?
In fewer than three weeks from the date the IRS and Treasury sent about 147 million payments. That was a tremendously . Back in March, it took the IRS 19 days after the first stimulus bill passed to the first check being issued.bill passed in December, the
The Dec. 27 stimulus package gave the IRS just 17 days total, including weekends, to legally send out the payments, though some people have reported they received their EIP cards two weeks after the date the. (If you didn’t get yours, you have to .)
There was oneas a result of the IRS’ rush to get payments delivered, and people who didn’t get their payment may now have to . But the scenario suggests that if the protocols are in place, the IRS could theoretically ship out third stimulus checks within days and weeks, rather than weeks and months.
As an interesting data point, the IRS was able to process between 5 and 7 million a week with the first stimulus check, according to a government report from June.
Yes, tax season could impact a new stimulus payment
If a stimulus check is approved anytime before April 15, it falls in the middle of tax season. How would the IRS and Treasury handle a, and would the IRS using your or your ?
We don’t know exactly. The latest proposal from Democrats, the controlling party, would base payments on either 2019 or 2020 taxes, but plan to provide the full sum for the 2020 tax return, according to The Washington Post. The IRS might take several months to process how your 2020 taxes would align with the third stimulus check, the Post said.
Here’s another thing to consider: Would the IRS and Treasury send a separate check or attempt to bundle them in with the Recovery Rebate Credit for missing money from the first two checks? Either way, the agencies would have little time or available resources to process the third checks, or to change its protocol to wrap the second into taxes.
By mid-March, tens of millions of Americans may have already received their tax refunds, which could make it tricky for the IRS to straighten out problems or redact refunds after issuing. Things could get complex whether the IRS attempts to fold a third check delivery into the remaining tax cycle or to send a payment separately.
How would you be able to potentially get your third stimulus check faster?
There may be, assuming it happens. For example, signing up for in your 2020 tax return would put you in the priority category for a third stimulus payment.
And if you’ve. Here are our other suggestions for how people can make it more likely they’ll . Note that there could be some that may not apply to a possible third stimulus check.
Would the IRS have to meet a deadline for sending out checks?
The Jan. 15 deadline set for the second stimulus check was written into the text of the bill without explanation. It isn’t immediately clear if the bill text would adopt another cutoff in the future, or if that was a one-time consideration that took into account the IRS’ overlapping need to process stimulus checks and prepare for the. Last year, the .
The two overlap with the second stimulus check in that anyone who didn’t receive all or part of their second payment must claim it as part of the IRS’— even if they have .
Is a third stimulus check definitely going to happen?
A bill that includes a stimulus payment isn’t a done deal until it’s signed into law. That said, Biden appears determined to drive forward a $1,400 check as part of his, and Democrats in Congress have paved the way to push a bill through Republican opposition .
Here’sin general, including what to do if you run into problems with .