Stimulus Check 2: Who Could Qualify For A Second Payment It s Complicated
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Just because you got a stimulus check the first time doesn't mean you'll qualify for the second, if there is one.
This month, Congress is set to decide whether to help a [/news/are-we-in-a-coronavirus-recession-right-now-yes-and-heres-what-that-means-for-you/ US economy going sideways] by sending a [/news/stimulus-check-could-you-get-a-second-1200-payment-from-the-irs-the-news-today/ second stimulus check] to eligible Americans -- [/news/whens-the-earliest-you-could-get-a-second-stimulus-check-the-dates-to-know/ some indications point to August]. But the economic data the Senate and House will use to make that decision -- including who could qualify for another payment -- is confusing at best.
As the country reopened over the last month, [ the US economy added 4.8 million jobs in June] (PDF), the Labor Department announced on Thursday. On the other side of the coin, first-time unemployment insurance claims for the week ending June 27 were [ 1.42 million] (PDF), marking the 15th straight week where people filed for unemployment benefits for the first time, a sign that jobs are still being shed. And with [/news/coronavirus-cases-spiking-in-45-us-states-what-that-means-for-a-second-wave/ coronavirus rates now spiking in 45 states], governors are [ shutting businesses] they had allowed to open just weeks before, threatening to set back new job gains.
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There's also been talk of limiting a second round of IRS stimulus checks to fewer people total, focusing on those [ determined to have the greatest need].
Here, we'll tell you everything we have heard so far about who may or may not be eligible for an extra economic impact payment. The situation and this story are updated often.
Stimulus Checks Helpline
Who isn't eligible for a stimulus check today?
Before looking at who might be eligible for a second stimulus check, let's review who's been excluded in the first round.
A single taxpayer with an adjusted gross income above $99,000A head of a household with an AGI over $136,500A married couple with an AGI over $198,000Children over 16 and college students under age 24A [ nonresident alien] as defined by the US government
Not everyone will qualify for a payment under the current proposal.
Who gets another stimulus payment? The big picture
We won't know until another rescue bill is made official, but we can put some pieces together to get a sense of the possibilities. For example, the [ Heroes Act] (PDF) passed by the House of Representatives in May proposes broad financial benefits to individuals, families and categories that were skipped by the first stimulus check, including most college students and people who aren't US citizens.
But the Heroes Act has been strenuously opposed by the Senate and President Donald Trump, [ who called it DOA]. On the other end of the spectrum, Senate Majority Leader Mitch McConnell has said that if his chamber passes another relief bill that includes more stimulus checks, the focus will be [ narrow].
Some suggest that if there is a second stimulus payment, it should be [ targeted to people in most urgent need]. That would mean far fewer people would receive a check or bank account deposit from the IRS.
There aren't any confirmed details yet. For now, here are some possible scenarios for who may or may not be eligible, drawn from the Heroes Act and comments by White House and Senate leaders. Consider these speculative and not a matter of fact. Here's additional information about [/news/stimulus-check-2-will-you-get-an-another-1200-from-the-irs-heres-the-update-today/ the proposals and how much money you might get].
Who could potentially qualify for a broad second stimulus payment? Individuals who made less than $99,000 according to the adjusted gross income from their 2018 or 2019 [/personal-finance/taxes/ taxes] (whichever was most recently filed).College students, themomsite.hpage.com dependents over 17, disabled relatives and a taxpayer's parent.Families of up to five people.SSDI recipientsPeople who aren't US citizens and file tax returns, pay taxes and otherwise comply with federal tax law using an[ individual taxpayer identification number (ITIN)] instead of a Social Security number.
Who might not qualify for a second payment?
Based on speculation, there are some different ways exclusion from a potential second stimulus check could play out.
Nobody qualifies: A stimulus package could be signed into law that gives tax credits and other incentives to businesses. It's possible some people could get a [ travel] or [ dining] credit, but not a check.
People who make "too much" money: If another round of stimulus payments does pass, but allocations are smaller for IRS payments, it's possible there could be a lower maximum yearly income (AGI on the tax form) to qualify. In other words, people who make more than a certain amount (that's lower than the current cutoff of $99,000 for individuals) could potentially be left out of a second round.
Carryover exclusions from the current CARES Act: Young people between 18 and 24, people who aren't US citizens but pay taxes, people who are [ incarcerated].
President Trump has expressed interest in a second round of checks in 2020.
When will we know more about stimulus check qualifications?
We won't know anything for sure until a stimulus bill comes into clearer focus. You can read [/news/second-stimulus-check-update-very-generous-and-dramatic-but-when-will-it-come/ more about the suspected timeline here], but in general, here's what we know.
Senator McConnell has said several times -- [ most recently on June 30] -- if the Senate starts work on a second package, [/news/whens-the-earliest-you-could-get-another-stimulus-check-how-the-timing-could-shake-out/ it will be this month]. To fit into McConnell's timeline, legislators will have to work around several extended breaks when the Senate is not in session: a scheduled two-week recess [ from July 3 until July 17] and its [ August recess] running Aug. 10 to Sept. 7.
For more, here's what we know about the [/news/second-stimulus-check-update-very-generous-and-dramatic-but-when-will-it-come/ major proposals for a second stimulus package]. We also have information on [/news/coronavirus-unemployment-furlough-payments-applying-more/ unemployment insurance], [/news/you-lost-your-job-because-of-coronavirus-these-resources-can-help/ what you can do if you've lost your job] and [/news/june-rent-payment-will-you-be-evicted-and-when-do-benefits-end-what-to-know-and-do/ what to know about evictions].
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