Sat. Sep 26th, 2020

There is broad support for a second stimulus check. According to a new Gallup survey released Tuesday, 7 in 10 Americans favor a new stimulus bill with another round of direct payments for eligible adults. Five thousand Democrats, Independents and Republicans were polled.

After weeks without movement to pass another stimulus bill, negotiators on both sides of the aisle continue to say they’re ready to renew talks on additional assistance for Americans.

“I’m prepared to sit down with the Speaker [Nancy Pelosi] at any time to negotiate,” Treasury Secretary Steven Mnuchin told a House panel on Tuesday.

If another stimulus bill does pass, we can outline who is likely to count as an eligible adult and how their dependents might factor into the equation. Below, we detail all that we know about which eligibility requirements might be in a final bill, based on the original act and two proposals. This story was recently updated.

Everyone who could qualify for a second stimulus check

We won’t know for certain who will qualify for a new stimulus payment until Congress passes the legislation. We can, however, draw from the first stimulus check’s eligibility requirements and the Heroes Act and HEALS Act proposals (neither of which is law) to get an idea of who may or may not get a second check, including a few unexpected qualifiers below.

Both Republicans and Democrats are using adjusted gross income, or AGI, to determine the payment amount for individuals and families, which would cap at $1,200 for individuals and $2,400 for married couples.

How about dependents?

While the initial payments authorized under the CARES Act included $500 for dependents aged 16 and younger, the HEALS and Heroes Act would both loop in any dependent, regardless of age, including college students and adult dependents. The Democratic plan would extend $1,200 each, for up to three dependents, so a family of five people could receive a maximum of $6,000. The Republican plan would provide $500 for each dependent you claim on your taxes, but the HEALS Act doesn’t specify a cap on the number of dependents.

Who didn’t get the first stimulus payment

For the payments authorized under the CARES Act, which became law in March, these groups were excluded:

  • Single taxpayers with an AGI over $99,000
  • Heads of households with an AGI over $136,500
  • Married couples with an AGI over $198,000
  • Children over 16 and college students under age 24
  • Nonresident aliens, as defined by the US government
  • People who are incarcerated
  • People who died since the previous tax filing (Their families may not collect on their behalf and are expected to return the payment.)

When will Congress finalize new stimulus check requirements?

Right now, the timeline for discussions is up in the air. Talks between Republican and Democratic negotiators on the new stimulus package stalled, but the two sides have signaled they are willing to pick up the debate. The Senate is on break until after Labor Day and the House after passing USPS funding have nothing scheduled. After the sides reach a deal, the stimulus bill won’t take effect until the president signs it into law.

While we won’t know for sure until the two sides come together on the next stimulus package, we have a good idea of when a check could be sent if a new bill passes.

For more, here’s what we know about the major proposals for a second stimulus package. We also have information on unemployment insurancewhat you can do if you’ve lost your jobif you could receive two refund checks from the IRS and what to know about evictions.

Read more: https://www.cnet.com/news/stimulus-check-how-to-find-your-agi-on-your-taxes-and-what-its-for/

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