If a $600 stimulus check happens, which of these 5 payment groups would be yours?

For the first time in a long time, a second stimulus checkis within reach. But even if negotiators in Washington can agree on a stimulus package that includes another stimulus check, the IRS and US Treasury won’t be able to send them all at once. In fact, there are still some people who, even eight months later, are waiting for their first stimulus check to arrive.

We’ll tell you everything we know about how long you might personally have to wait for your second stimulus check. But first, to make sure we’re all on the same page, the latest discussion suggests that a second direct payment could max out at $600, which is half the $1,200 upper limit each eligible adult was qualified to receive with the first checks.

The situation is complicated and far from final (there’s talk of another stimulus package in 2021), but you can read what we know about the contents of the latest stimulus package here.

Whenever another payment is authorized — and it’s whispered that could be as soon as this weekend — you’ll want to know where you stand in line to receive it. This story has been updated with new information.

People who have direct deposit set up with the IRS

People who already have their direct deposit information on file with the IRS, or who quickly provide that information when and if IRS registration opens it up again, should be first in line to receive a stimulus check. An electronic transfer of funds is faster and more efficient than mailing a check, which is why this group largely got their first payment faster.

For the first stimulus check, the iRS took 19 days to build their online tool. On April 15, it sent the first batch of stimulus checks, and in the first week, sent roughly $80 million payments to eligible recipients through direct deposit. People were encouraged to continue registering for direct deposit through May 13 as a way to get their checks faster than through the mail. Some did experience holdups with the tool or with their personal situations, but on the whole, this was the speediest method.

Here are ways you can help speed up delivery of your next check, including what we know now about signing up for direct deposit.

Social Security beneficiaries

With the first stimulus payment, many people who receive Social Security disbursements who also had direct deposit information on file with the federal government received checks in the first week, though not always the first day.

The IRS had a separate informational section for people who receive SSDI and SSI. Normally, people in these groups receive their federal benefits through a Direct Express card, though people in this group received their stimulus payment through a non-Direct Express bank or a paper check…Read more>>


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