When will your third stimulus check arrive? Thanks to new info today, we might know nowFebruary 5, 2021
House Speaker Nancy Pelosi expects to beat the projected timeline to approve President Joe Biden’s reported earlier this month. “Absolutely. Without any question. Before then,” Pelosi said, according to The Washington Post. That means the IRS could begin sending sooner, too. Pelosi further projected passing a bill in the House of Representatives within two weeks, with lawmakers writing the legal language next week to “finish our work before the end of February,” Pelosi said Friday in a statement.sooner than the March 14 date
The package would include a vote-a-rama” session in the Senate for Biden’s plan and teed up the . The House of Representatives is expected to pass its own version on Friday. It’s important to note that there’s no stimulus package bill to vote on yet — that’s what the House will work on these next two weeks.for — and as well. Pelosi’s statement comes after an overnight “
There still may be hurdles and delays, including the usual negotiation process over legal details, and the added complexity of the, which starts Feb. 9. While the trial is expected to move quickly, it could potentially sideline or otherwise push back Biden’s urgent stimulus agenda. There will also be the inevitable gap between approval of a and the time it arrives in your hands. We’ve mapped out possible dates — depending on your payment priority group — and other things to know, like if your will arrive in the middle of the . This story was recently updated with new information.
New stimulus check payment timeline: Two scenarios
“Next week, we will be writing the legislation to create a path to final passage for the Biden American Rescue Plan, so that we can finish our work before the end of February,” Pelosi said Friday, casting a new possible timeline that Congress may approve a bill, and the to go with it ( ).
We’ve mapped out some hypothetical dates for two situations: if a bill were to pass before the end of February, and within the March 14 timeframe. The chart below highlights when the IRS could potentially send the next stimulus check, based on how quickly the IRS processed and sent out the second stimulus payments.
Note that checks for different payment groups (, and ) may begin to arrive at different times. And it could take weeks for people in a group to all get their funds, so consider these dates a starting point only, and read on for more details. We’ll refresh these dates as the situation changes in Washington.
When could the next stimulus check possibly arrive?
|Stimulus check passes Congress||Friday, Feb. 26||Friday, March 12|
|Stimulus bill signed into law||Monday, March 1||Sunday, March 14|
|First direct deposit check sent||Week of March 8||Week of March 22|
|First paper checks sent||Week of March 15||Week of March 29|
|First EIP cards sent||Week of March 22||Week of April 5|
|Claims for missing stimulus money open (after tax season ends)||May 3||May 3|
Which payment group would you be in? It could change
This is an important question. deposits going to temporary accounts, which were therefore rejected by the banks.typically get their stimulus checks faster, as evidenced by the first two rounds, however, there have been issues both times that saw
The IRS told CNET in January that some people who received a physical check orthe first time may get paid by the other method the second time around. And, anecdotally, we’ve heard of people who received direct deposit payments the first time finally getting an EIP card in the mail — and not an electronic bank transfer — two weeks after the IRS tool said the payment was issued.
Our recommendation is to make sure you haveas part of your , if you , and attempt to , so you’re set with your most recent financial information.
The other groups that are loosely defined (by us) include social security beneficiaries, who received payments a different way the first time if they’re part of the, and people with more complex scenarios, which could lead to potential . People in different have been one example, and so have , as well as those with more .
How quickly could the IRS send all the new checks?
In less than three weeks from the date the IRS and Treasury sent roughly 147 million payments. That was a tremendously . Back in March, it took the IRS 19 days after the first stimulus bill passed to the first check being issued.bill passed, the
The Dec. 27 stimulus package gave the IRS just 17 days total, including weekends, to legally send out the payments, though some people have reported that they received their EIP cards two weeks after the date the. (If you didn’t get yours, you have to .)
There was oneas a result of the IRS’ rush to get payments delivered, and people who didn’t get their payment may now have to . But the scenario suggests that if the protocols are in place, the IRS could theoretically ship out third stimulus checks within days and weeks, rather than weeks and months.
As an interesting data point, the IRS was able to process between 5 and 7 million a week with the first stimulus check, according to a government report from June.
How might tax season impact a new stimulus payment?
This is a great question, and one we repeatedly ask ourselves: How would the IRS and Treasury handle a? Some of that could very well depend on timing.
Let’s say that a stimulus bill were to pass both chambers of Congress before March 14, a month after the IRS begins processing the first. Would they send a separate check or attempt to bundle them in with the Recovery Rebate Credit for missing money from the first two checks? Either way, the IRS would have little time or available resources to process the third checks, or change their protocol to wrap the second into taxes.
If a bill passes March 14, it would still overlap with tax season by a month, before the April 15 tax deadline.
By that time, tens of millions of Americans may have already received their tax refunds, which could make it tricky for the IRS to straighten out or redact after issuing. Things could get complex whether the IRS would attempt to fold a third check delivery into the remaining tax cycle, or send a payment separately.
How could I get the next check faster?
There may be, assuming it happens. For example, signing up for in your 2020 tax return would put you in the priority category for a third stimulus payment.
And if you’ve. Here are our other suggestions for people to . Note that, there could be some that may not apply to a possible third stimulus check.
Would the stimulus package include another deadline for the IRS to deliver the money?
The Jan. 15 deadline set for the second stimulus check was written into the text of the bill without explanation. It isn’t immediately clear if the bill text would adopt another cutoff in the future, or if that was a one-time consideration that took into account the IRS’ overlapping duties to process stimulus checks and prepare for. Last year, the .
The two overlap with the second stimulus check in that anyone who didn’t receive all or part of their second payment must claim it as part of the IRS’— even if they have .
A third stimulus payment seems likely. Is it guaranteed?
A bill that includes a stimulus payment isn’t a done deal until it’s signed into law. That said, Biden appears determined to drive forward a $1,400 check as part of his, and Democrats in Congress have paved the way to push a bill through Republican opposition .
Here’sin general, including what to do if you have an issue with .