stimulus

An estimated 9 million low-income Americans are eligible for stimulus checks but haven’t gotten them yet

An estimated 9 million Americans who make less than $12,000 a year may be eligible for pandemic relief checks but haven’t received them yet, and the clock is ticking if they want to get the money this year.

They have until Oct. 15 to claim the payment by registering with the Internal Revenue Service. If they fail to meet the deadline, they’ll have to wait until 2021 to get the payment, according to the IRS.
But these low-income Americans may want to think twice before registering to get the money, experts told MarketWatch. If they use the IRS portal to claim their stimulus payment now, they could be delayed in receiving an important federal benefit: the Earned Income Tax Credit.

The IRS is mailing letters to the 9 million individuals starting on Sept. 24 outlining details about eligibility and information on how to claim their stimulus checks.

“If you were

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Second stimulus check: How soon might the IRS get you your money? We map it out

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How soon could your second stimulus check come? We lay out some possible dates from the time the bill is passed to when your money could actually arrive.


James Martin/CNET

If the negotiators manage to reach an agreement in the coming weeks, the IRS could still send a second stimulus check to eligible Americans by the end of 2020. What’s more, the paper check, direct deposit or EIP card could arrive faster than the first round of stimulus payments did. Exactly how fast depends on when decisions are actually made.

Both Democratic and Republican leaders have publicly stated they want to reach a deal but have made little movement over the last month to a compromise on the size and scope of the package — the two sides are still trillions of dollars apart in their thinking.

“It’s critically important that we find some solutions,” White House Chief of Staff

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Stimulus check money: $1,200 payment could still reach you this year

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Start finding out the maximum payment that could end up in your pocket if another stimulus package comes your way.


Sarah Tew/CNET

White House and Democratic negotiators aren’t likely to pick up talks on another stimulus package until after the Republican National Convention wraps up later this week. But if and when they do, both sides agree that a new economic rescue package should include a second stimulus check. Exactly how much money you and your family could expect from the new payment will certainly be part of the discussion.

But for now with negotiations on hold, the timeline for a possible second stimulus payment for qualified Americans remains uncertain. To get around the gridlock, the GOP-led Senate is exploring a “skinny” bill that proposes fewer measures, but reportedly it does not include direct payments. The House of Representatives on Saturday passed a standalone $25 billion bill to

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Second stimulus check payment schedule: How fast can the IRS send your money?

money-cash-dollars-stimulus-payments-pay-7139

How soon could your second stimulus check come? We lay out some possible dates from the time the bill is passed to when your money could actually arrive.


James Martin/CNET

How quickly could the IRS send your second stimulus check? The answer depends on whether White House and Democratic negotiators can come to an agreement on another economic stimulus package that includes a new round of payments for eligible recipients. Congressional leaders for both parties are calling for a return to negotiations.

“Regretfully, we have not been able to reach an agreement yet and I hope we will,” said Senator Majority Leader Mitch McConnell on Monday. “Because the coronavirus is not paying a whole lot of attention to the election and the American people need additional assistance now.”

Talks have been at a standstill for weeks and with the 2020 Republican National Convention running through Thursday,

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