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2nd $1200 Stimulus Check is Coming, Congress Finally Agrees

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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..

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    J.K.Logic Wrote:

    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..

    This honestly feels more like a PR stunt than anything at this point. It's beyond not helpful. This should have been passed as a recurring check months ago. Could have saved a ton of evictions and all the other issues that came along with them. Other countries were able to figure this out months ago.

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    PentagonWall Wrote:

    This honestly feels more like a PR stunt than anything at this point. It's beyond not helpful. This should have been passed as a recurring check months ago. Could have saved a ton of evictions and all the other issues that came along with them. Other countries were able to figure this out months ago.

    I can't agree more. If they were truly concerned, they wouldn't have drug their heels on helping U.S. citizens get through this, especially those who are unemployed and evicted. It's just a political move to quell the outcry from the people who put them in office. I have a feeling this is the last stimulus check folks will get.
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    Second Stimulus Check Confirmed In GOP Proposal, But Not $1,200 Amount Or $75,000 Income Cap

    Forbes wants us to know that while a 2nd stimulus check is all but certain, the amount and income cap actually might not be. At first Mnunchin's statement made it clear that it would be for the exact same amount, with the same qualifiers. But now they are reconsidering, saying his word might not be 'gospel' and the parameters are as of yet 'TBA'.

    I think they would be foolish to water it down further, when it should be expanded to cover more people. And honestly be monthly. But this is our Congress after all. What they should do and what they do in reality often don't intersect as you wish they would. Anyways, just wanted to post this here, after my original posting, so its clear. I'll be sure and update again on Monday or whenever the terms are official.

    $1,200 Amount And Income Eligibility of $75,000 Are Still Speculative

    While the GOP draft substantiated that Republicans intend to propose a second payment, it did not confirm speculative reports that the payment would be for $1,200 or that it would mirror the first stimulus check under the CARES Act, which put an income cap of $75,000 for eligible single filers to receive the full payment.

    Yes, the sentence under the “Stimulus Payments” header starts with “these will be included:’ however, the sentence continues to state unequivocally, “but the amount of the payment and eligibility criteria are TBA.” From the GOP draft to your ears.

    Why Did Some Report That $1,200 Was The Confirmed Amount?

    Multiple outlets reported the $1,200 figure yesterday, but all relied on one source, Treasury Secretary Steve Mnuchin, making a one-line remark. Referring to a second stimulus check, Mnuchin said, “we're talking about the same provision as last time, so our proposal is the exact same proposal as last time.”

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    So I still have not received my first stimulus check. Nor has my husband. I fall under the amount they said would be sent out in May. I can't get hold of anyone and the people I have been able to reach say they don't know anything. The "get my payment" doesn't work. All I ever get when I check that is " payment status not available". So here we are the end of July no money and no way to find out. So how can I be sure I will get either one of the checks? And does anyone one know who I can call to find out accurate information about these checks?
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    bren Wrote: So I still have not received my first stimulus check. Nor has my husband. I fall under the amount they said would be sent out in May. I can't get hold of anyone and the people I have been able to reach say they don't know anything. The "get my payment" doesn't work. All I ever get when I check that is " payment status not available". So here we are the end of July no money and no way to find out. So how can I be sure I will get either one of the checks? And does anyone one know who I can call to find out accurate information about these checks?

    I'm only aware of being able to call the IRS. I assume you tried that though?

    It could be a number of reasons why you don't have your check, unfortunately hard to say without more info. They could have mailed it to the wrong address, tried to send it via bank acct but wire failed for whatever reason, or they could still be in the process of mailing it out as they will be mailing out the last checks throughout the month of August. Depending on your income bracket.

    If you haven't talked to the IRS, that would be my first step. Worst case scenario, even though this won't help you for many months, you will get your stimulus money when you file your taxes in 2021, as this is technically a tax credit advice.