What You Need to Know About the Second Stimulus Checks
If you’re one of the millions of Americans anticipating a second round of stimulus checks, you may have questions about what to expect. Here’s what you need to know about the second stimulus check.
Who is Eligible for the Second Round of Stimulus Checks?
The second round of stimulus checks is similar to the first, with a few key changes. Individuals who earn up to $75,000 per year and couples who earn up to $150,000 per year will receive the full amount of $600 per person. Those who earn more than this may still be eligible for a partial payment, up to a certain income threshold.
When Will the Second Stimulus Checks Be Sent?
The payments have already begun to go out, and most Americans can expect to receive their checks in the coming weeks. The IRS has said that direct deposits will arrive faster than paper checks, so if you have a bank account on file with the government, you may receive your payment sooner.
How Will I Receive My Payment?
If you received the first stimulus check via direct deposit, you should expect to receive the second payment the same way. If you did not receive the first payment this way, you may receive a paper check in the mail. Additionally, the IRS is now issuing prepaid debit cards to some eligible recipients.
What Should I Do if I Haven’t Received My Payment Yet?
First, check the status of your payment on the IRS website’s “Get My Payment” tool. If the website says your payment has been sent but you have not received it, you may need to contact the IRS for assistance. Keep in mind that some payments may be delayed due to high demand.
Conclusion
The second round of stimulus checks is an important relief effort for many Americans during the ongoing pandemic. Knowing who is eligible, when to expect the payment, and how to receive it can help you stay informed and prepared. Be sure to check the IRS website for updates and information if you have any questions or concerns.
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