Stimulus Check Update: Not Yet, but It Could Happen! - CNET
If you’re following the news out of Washington, you probably know that deliberations on Capital Hill are grinding their way toward a coronavirus relief package before the Christmas recess. What you also probably know is that the current proposal to be voted on does not include a second round of economic impact payments (a.k.a. stimulus checks). Despite the exclusion of direct stimulus payments, there is conjecture in the air that a second relief package could follow early in 2021 that would include stimulus payments, although the actual timing and amount are part of the detail deliberation.
So, looking ahead to the possibility of a second round of direct payments, CNET Section Editor Jessica Dolcourt, in a post on net.com, examines how the distribution of such payments might occur. Her analysis is based largely on what happened earlier this year under the CARES Act, and focuses on the groupings used to batch the payments for delivery to the public. It’s worth noting here that those first in line for payments were those who had direct deposit information on file with the IRS and those who received Social Security payments online.
In addition to explaining the check distribution groupings from the CARES Act, Ms. Dolcourt’s post provides a potential schedule for stimulus payments if future negotiations resolve their inclusion in a relief bill. She also provides a recap of follow-up action that can be taken in the event payments are not received. Read Ms. Dolcourt’s post here. You might also be interested in the article titled “7 ways you can prep for your next stimulus check now” by CNET Senior Editor Alison DeNisco Rayome. Click here to access that post…