With the IRS working to send out the last of the CARES Act, Americans still struggling from the economic effects caused by the are watching Washington for signs of a .authorized by March’s
Right now, there is more talk than action in the nation’s capital, as White House and Congressional leaders weigh the benefits a second stimulus package could have on the US economy — and on Americans.
The commitment to more stimulus money for you is up for debate. There’s no guarantee it will become law as part of a new rescue bill, and even if it is, there’s no clear understanding yet of.
Wrapped up in the debate over the details is the matter of eligibility. Depending on who you talk to, an extra stimulus check should be available to more people than the first one, fewer people, or only businesses — and not to individuals at all.
Here’s the current discussion on who might or might not get another. The situation and this story update often.
Who doesn’t qualify for a stimulus check today?
Before looking at who might be eligible for a second stimulus check, let’s review who’s been excluded in the first round.
- A single taxpayer with an adjusted gross income (AGI) above $99,000
- A head of a household with an AGI over $136,500
- A married couple with an AGI over $198,000
- Children over 16 and college students under age 24
- A nonresident alien as defined by the US government
Who would qualify for another stimulus payment?
The Heroes Act passed by the House of Representatives in May proposes broad financial benefits to individuals, families and categories that were skipped by the first stimulus check, including most college students, for example, and people who aren’t US citizens.
But the Heroes Act has been viciously opposed by the Senate and President Donald Trump, who called it DOA. On the other end of the spectrum, Senate Majority Leader Mitch McConnell has said that if his chamber passes another relief bill that includes more stimulus checks, the focus will be narrow.
Some suggest that if there is a second stimulus payment, it should be targeted to people in most urgent need. That would mean far fewer people would receive a check or bank account deposit from the IRS.
Unfortunately, there aren’t any confirmed details yet. For now, here are some possible scenarios for who may or may not be eligible, drawn from the Heroes Act and comments by White House and Senate leaders. Consider these speculative, and not a matter of fact. Here’s additional information about.
Who could potentially qualify for a broad second stimulus payment?
- Individuals who made less than $99,000 according to the adjusted gross income from their 2018 or 2019 taxes (whichever was most recently filed).
- College students, dependents over 17, disabled relatives and a taxpayer’s parent.
- Families of up to five people.
- People who aren’t US citizens and file tax returns, pay taxes and otherwise comply with federal tax law using an individual taxpayer identification number (ITIN) instead of a Social Security number.
Who might not qualify for a second payment?
Based on speculation, there are some different ways exclusion from a potential second stimulus check could play out.
Nobody qualifies: A stimulus package could be signed into law that gives tax credits and other incentives to businesses. It’s possible some people could get a travel or dining credit, but not a check.
People who make “too much” money: If another round of stimulus payments does pass, but allocations are smaller for IRS payments, it’s possible there could be a lower maximum yearly income (AGI on the tax form) to qualify. In other words, people who make more than a certain amount (that’s lower than the current cutoff of $99,000 for individuals) could potentially be left out of a second round.
Carryover exclusions from the current CARES Act: Young people between 18 and 24, people who aren’t US citizens but pay taxes, people who are incarcerated.
When will we know more about stimulus check qualifications?
We won’t know anything for sure until a stimulus bill comes into clearer focus. You can read, but in general, here’s what we know.
For more, here’s what we know about the. We also have information on , and .