House Democrats Plan To Pass $1,400 Stimulus Check This Friday
PHILADELPHIA – MAY 8: Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May 8, 2008 in Philadelphia, Pennsylvania. One hundred and thirty million households are eligible to receive a tax rebate check under the $168 billion economic stimulus plan. (Photo by Jeff Fusco/Getty Images)
A third stimulus check? When?
The senate aims to approve the House of Democrats plan of $1.9 trillion coronavirus relief bill this Friday.
The bill is set to be on President Joe Biden's desk before March 14.
“The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” House Majority Leader Steny Hoyer, D-Md., said in a statement posted to Twitter on Tuesday night.
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What does the $1.9 trillion COVID-19 relief bill include?
- $1,400 direct payments to most Americans
- $400 per week jobless benefit supplement and an extension of programs making millions more Americans eligible for unemployment insurance.
- $20 billion towards COVID-19 vaccinations
- $50 billion into testing
- $350 billion into state, local and tribal government relief
What if I didn't receive my previous checks?
According to the IRS, if you didn’t get the full Economic Impact Payment, you may be eligible to claim the Recovery Rebate Credit.
How will the IRS know where to send my Payment?
If you received direct deposit of your refund based on your 2020 tax return (or 2019 tax return if you haven’t filed your 2020 tax return), the IRS has sent your Payment to the bank account provided on the most recent tax return.
The IRS on Friday officially started accepting tax returns on February 12, with the filing window closing on its customary date of April 15.
Making distribution of the stimulus checks possible in the middle of tax season, which could affect how much you could get — especially households that lost income last year or who had a child in 2020.
According to the IRS, the IRS department relies on each individual's most recent tax filing to determine their stimulus check payment.
For more information regarding your third stimulus check payments click here.
