Second stimulus check: 4 ways you could get more money this time, 3 reasons you might see less

Would the quantity of your stimulus test go up or down within the second spherical, or keep the identical? This is what we all know and the way it might change.

Angela Lang/PJDM

Little time stays for negotiators to agree on some sort of economic stimulus package (together with a second stimulus check of as much as $1,200 per person) earlier than the Nov. 3 election.

“I stay hopeful that we are able to attain an settlement earlier than the election,” said House Speaker Nancy Pelosi Tuesday evening, who has been negotiating with Treasury Secretary Steven Mnuchin. “It will likely be safer, larger, and higher, and will probably be retroactive.” (Learn up on the significance of the Senate vote today here.) 

If a second stimulus payment is authorised, there are just a few ways in which people who qualify would possibly get more cash than in the first round — and some ways in which your whole might shrink; we’ll clarify extra under. Figuring out the formula the IRS uses to determine the size of your stimulus payment could also be useful, too (we discover it fascinating). This story updates frequently.

Four methods you could possibly get more cash with a second fee

If authorised as a part of an financial rescue invoice, a second stimulus test is predicted to roughly comply with the rules used for the first stimulus check and maybe embrace modifications from previous proposals, probably even the latest White House offering. For most individuals, the overall quantity you would be more likely to obtain is predicated in your adjusted gross income, or AGI, and other eligibility requirements.

Listed here are the eventualities during which you could possibly obtain more cash from a second fee:

Extra folks qualify as a dependent: The Democratic proposal for the subsequent invoice expands the definition of “dependent” to incorporate anyone you can claim in your tax returns — corresponding to kids over 16 and adults underneath your care — so your variety of dependents might improve.

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Subsequent stimulus checks: What to anticipate


Baby dependents get more cash: A current White Home proposal would keep the same age restriction for youngsters, however double the payout to $1,000.

Your employment standing modified: If you happen to grow to be unemployed this yr or your wages drop, that might have an effect on your AGI, which is used to find out the fee.

You bought married: Relying on a number of variables together with your partner’s submitting standing and new dependents, a change in marital standing might lead to a bigger test.

Listed here are some potential eventualities for the way the 2 completely different approaches might play out for households. You should use our stimulus check calculator to get a extra particular estimate in your specific scenario. 

Stimulus test calculations with dependents

Situation 1 Situation 2 Situation 3 Situation 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

How you could possibly get much less cash with a second test

Within the first spherical of stimulus checks, for most individuals, the IRS primarily based the quantity on their 2019 federal tax returns if they filed them and their 2018 returns if they didn’t. However some People who certified for a test skilled private or monetary modifications after submitting that will have an effect on a future fee. 

You would possibly qualify for a smaller test for those who:

Began a job or acquired larger pay: A change in your AGI, both due to a wage improve or a change in employment standing, might decrease the test’s dimension.

Have fewer certified dependents: Congress might preserve the restrictive dependent necessities of the CARES Act and any dependents you declare might age out of eligibility.

Owe youngster assist: Underneath the CARES Act, the federal government will maintain again cash to cowl owed youngster assist.

Would a change in my standing have an effect on fee of the primary spherical of checks?

With the primary checks, in case your monetary scenario modified after you filed your 2018 or 2019 tax return, you possibly can declare that extra quantity in your 2020 tax return whenever you file in 2021, the IRS mentioned. You will probably must take an additional step to assert your credit score — the IRS will post more details nearer to tax season 2020.

Additionally, with the primary spherical of funds, you will not be required to pay back a stimulus fee if, primarily based in your 2020 tax returns, you not qualify for the quantity you acquired.

Is there something I ought to do earlier than the IRS sends one other fee?

If one other stimulus fee is authorised and also you’re eligible, the IRS will ship your test mechanically. However there could also be some issues you are able to do to assist be sure to obtain your cash rapidly.

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

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


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

James Martin/PJDM

If you happen to moved, that you must let the publish workplace know: If you do not have direct deposit, you are most certainly to obtain a stimulus fee within the type of a bodily test. The IRS will mail your test to your final identified 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 fee, as an alternative of a paper test, about Four million folks acquired a pay as you go Economic Impact Payment Card within the mail. That is cash you possibly can spend like money on a debit card. The playing cards got here in plain, unmarked envelopes that have been liable to being tossed by mistake. When and if the time comes, you possibly can 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 think about weak. Figuring out frequent assaults will help you acknowledge and keep away from them. There is no second stimulus test scheduled proper now, however that will not cease a scammer from attempting to take benefit.

On the lookout for extra stimulus test info? 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 way of the cracks and whether you could receive two refund checks from the IRS.

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Clifford Colby