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

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

When you received a first stimulus check, you are getting a second cost for a similar quantity, proper? Possibly not. In actual fact, you might doubtlessly get extra, both in case your private circumstances have altered or if the final bill changes a qualification

An injection of extra stimulus cash into the economic system is taken into account essential by each side of the aisle as the coronavirus recession and steep unemployment lurch on.

White Home and Democratic negotiators have made a handful of makes an attempt at crafting one other coronavirus relief bill, from the administration’s newest $1.8 trillion pitch to the Home’s $2.2 trillion reworked Heroes Act. And whereas the Senate plans to vote Oct. 19 on a standalone invoice to renew payroll protections that will not embody direct funds, many in Washington proceed to precise the necessity for a second stimulus check.

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

 Beneath, we stroll you thru the mathematics. (Right here we checklist the roughly 5 precedence teams utilized by the IRS to assist decide when your payment might actually arrive.) We commonly replace this story.

A second cost might convey you far more than the primary

The second stimulus examine is predicted to largely observe the first stimulus check, but in addition take cues from previous proposals, probably 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 predicted to be a change to the standing of dependents within the last invoice. One strategy would allow you to declare a dependent of any age for $500 apiece being added to your complete. One other is would keep the age restriction, however offer you $1,000 per little one dependent. The latter would profit dad and mom and guardians with youthful youngsters, even when the dad and mom are comparatively excessive earners. The previous advantages these with older dependents, including a college student or grandparent.

Listed below are some potential eventualities for a way the 2 totally different approaches might play out for households. You should use our stimulus check calculator to get a extra particular estimate in your explicit state of affairs. 

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 complete) $2,200 $2,200 $2,900 $1,400
Three dependents underneath 17 ($3,000 complete) $4,200 $4,200 $4,900 $3,400
1 dependent of any age ($500 complete) $1,700 $1,700 $2,400 $900
Three dependents of any age ($1,500 complete) $2,700 $2,700 $3,400 $1,900

What do that you must do earlier than the IRS sends a second examine?

The IRS will ship your examine routinely, if there’s one other stimulus cost and should 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 method to get your cash. The IRS already has a system in place to electronically switch the funds into your checking account, should you already offered 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.

When you moved, that you must let the submit workplace know: If you do not have direct deposit, a bodily examine is the most certainly method that you will obtain a stimulus examine. The IRS will mail your examine to your final identified tackle, so When you’ve moved just lately, you’ll need to file a change of address with the US Postal Service.

Control the mail: For the primary stimulus cost, as a substitute of a paper examine, about Four million folks acquired a pay as you go economic impact payment card within the mail. That is cash you may 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 may 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 folks they take into account weak. Understanding frequent assaults might help you acknowledge and keep away from them. There is no second stimulus examine scheduled proper now, however that will not cease a scammer from making an attempt to take benefit.

When you’re nonetheless waiting for your first stimulus check, follow these steps.


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

James Martin/PJDM

How did folks spend the primary spherical of stimulus checks?

A current survey checked out how Individuals are utilizing their stimulus checks. In keeping with analysis from the National Bureau of Economic Research:

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

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

In keeping with the US Census Bureau, here is the breakout for households that spent their stimulus checks on gadgets quite 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 gear, toys and video games.

In search of extra stimulus examine info? Learn up on all of the finer points of the stimulus payment here. When you’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 way of the cracks and whether you could receive two refund checks from the IRS.

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Clifford Colby