More than $1,200: How a second stimulus check could bring you a bigger payment now

We enable you estimate the utmost quantity that might find yourself in your checking account if one other stimulus cost is accredited.

Angela Lang/PJDM

The excellent news is that the Washington powers that be overwhelmingly need to get you a second stimulus check. And whereas negotiations may be all over the place at the moment, the dialog is rising more and more pressing within the run-up to the Nov. 3 election simply 21 days away.

White Home and Democratic negotiators have made a handful of makes an attempt at crafting one other coronavirus reduction invoice, from the administration’s newest $1.8 trillion pitch to the Home’s $2.2 trillion reworked Heroes Act. And the Senate may vote Oct. 19 on a standalone invoice to renew payroll protections. An injection of extra stimulus cash into the economic system is taken into account essential by either side of the aisle as the coronavirus recession and steep unemployment lurch on.

One fixed by all these proposals is the cap of $1,200 for particular person eligible Americans and $2,400 for married {couples} submitting collectively. What’s much more convoluted is how a lot cash you’d truly get, with or with out your dependents.

 Under, we stroll you thru the maths. And listed below are the roughly 5 precedence teams utilized by the IRS to assist decide when your payment might actually arrive. We repeatedly replace this story.

A second cost may deliver you far more than the primary

The second stimulus examine is anticipated to largely comply with the first stimulus check, but additionally take cues from previous proposals, presumably even the latest White House offering. For most individuals, calculating the entire quantity requires them to know their adjusted gross income, or AGI, and other eligibility requirements

The most important variable is anticipated to be a change to the standing of dependents within the remaining invoice. One method would allow you to declare a dependent of any age for $500 apiece being added to your whole. One other is would keep the age restriction, however offer you $1,000 per little one dependent. The latter would profit mother and father and guardians with youthful children, even when the mother and father are comparatively excessive earners. The previous advantages these with older dependents, including a college student or grandparent.

Listed below are some potential eventualities for the way the 2 totally different approaches may play out for households. You need to use our stimulus check calculator to get a extra particular estimate in your specific scenario. 

Stimulus examine calculations with dependents

State of affairs 1 State of affairs 2 State of affairs 3 State of affairs 4
Tax submitting standing Single Head of family Married Married
2018 or 2019 tax AGI $45,000 $60,000 $160,000 $190,000
1 dependent underneath 17 ($1,000 whole) $2,200 $2,200 $2,900 $1,400
Three dependents underneath 17 ($3,000 whole) $4,200 $4,200 $4,900 $3,400
1 dependent of any age ($500 whole) $1,700 $1,700 $2,400 $900
Three dependents of any age ($1,500 whole) $2,700 $2,700 $3,400 $1,900

What do you might want to do earlier than the IRS sends a second examine?

The IRS will ship your examine robotically, if there’s one other stimulus cost and in the event you’re eligible, however there could also be some issues you are able to do to assist be sure you obtain your cash rapidly.

Register for direct deposit to your checking account: Direct deposit would be the quickest solution to get your cash. The IRS already has a system in place to electronically switch the funds into your checking account, in the event you already supplied these particulars and registered for direct deposit in your first examine or as a part of submitting your IRS tax return. 

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Subsequent stimulus checks: What to anticipate


Search for the registration device to reopen if one other stimulus examine is issued. If you do not have a checking account, learn on for different methods to organize.

If you happen to moved, you might want to let the submit workplace know: If you do not have direct deposit, a bodily examine is the almost certainly method that you’re going to obtain a stimulus examine. The IRS will mail your examine to your final recognized deal with, so If you happen to’ve moved lately, you’ll need to file a change of address with the US Postal Service.

Control the mail: For the primary stimulus cost, as an alternative of a paper examine, about Four million individuals acquired a pay as you go economic impact payment card within the mail. That is cash you’ll be able to spend like money on a debit card. The playing cards got here in plain, unmarked envelopes that have been susceptible to being tossed by mistake. When and if the time comes, you’ll be able to join a free USPS service to track your mail all the way to your mailbox, so there are not any surprises — or disappointments.

Watch out for scams: Stimulus check fraud is real, and it is nonetheless ongoing as millions of people continue to wait for their first checks. Fraudsters prey on individuals they contemplate weak. Realizing widespread assaults can assist you acknowledge and keep away from them. There isn’t any second stimulus examine scheduled proper now, however that will not cease a scammer from attempting to take benefit.

If you happen to’re nonetheless waiting for your first stimulus check, follow these steps.


The quantity of stimulus cash you can get in a second spherical of checks continues to be undecided. 

James Martin/PJDM

How did individuals spend the primary spherical of stimulus checks?

A latest survey checked out how People are utilizing their stimulus checks. In response to analysis from the National Bureau of Economic Research:

  • 15% of recipients mentioned that they had spent or would spend most of their examine.
  • 33% mentioned they largely saved.
  • 52% mentioned they paid down debt.

On the whole, the report discovered that lower-income households have been considerably extra prone to spend their stimulus examine, higher-income people have been extra probably to put it aside and people with mortgages or who have been renters have been more likely to repay debt.

In response to the US Census Bureau, this is the breakout for households that spent their stimulus checks on objects slightly than preserving it as financial savings or paying down debt.

  • 80% of those that spent their checks reported utilizing it on meals.
  • 77.9% spent it on lease, mortgage and utilities.
  • 58.2% purchased family provides and private care merchandise.
  • 20.5% bought clothes.
  • 8.1% spent it on family items — equivalent to TVs, electronics, furnishings and home equipment — or leisure items, together with health tools, toys and video games.

On the lookout for extra stimulus examine data? Learn up on all of the finer points of the stimulus payment here. If you happen to’re nonetheless ready in your first stimulus check, listed below are 10 possible reasons for a delaywhat you can do if you think your payment was lost or has fallen by the cracks and whether you could receive two refund checks from the IRS.

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Clifford Colby