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Treasury Secretary Steve Mnunchin just confirmed that the GOP proposal for the next round of stimulus relief will indeed include a 2nd stimulus check, the exact same $1200 stimulus check we got the first time. Exact same meaning same income limitations -- $1200 per individual up to $75k then phased out until $99k. And $500 for dependents under 17.
Unfortunately there is no indication dependents 17 or older will get anything, just like last time. Likely they will not. But the deal is far from inked, so maybe the Dems fight for that. Also no indication if the back child support stipulation stands. Likely will.
New Stimulus Package Expected Monday—$1,200 Second Stimulus Checks, Unemployment Benefits Proposed
Treasury Secretary Steven Mnuchin confirmed that the amount of the second stimulus check in the proposal will be a one-time $1,200 stimulus check. The good news is that Democrats want the second stimulus check also to be $1,200. The requirements to receive the second stimulus check will be the same as the first stimulus check under the Cares Act, which was the $2.2 trillion stimulus package in March.
Let's all hope this bill passes quickly (though it likely won't). And that the IRS learns from its first round of mistakes and gets everyone their checks in a much more orderly and effective manner this time. Maybe they will. At least if you already got a check, even if it took way longer than it should have last time (like for SS, SSDI, Vets, etc) you should get a check even easier this time around because they know where and how to send it now and they have some practice.
The GOP and Dems still have to debate about everything else the bill will entail before it passes. Though I feel very confident that since both sides agree on a 2nd check, it will most certainly be a part of the bill, just have no idea what they will do exactly with unemployment benefits, or any of the other funding proposals within the bill. Or the exact timetable.
Stay tuned and post updates here as they come..