Who will get the 3rd stimulus check – and when can they expect it?

A major Senate vote early Friday cleared the way for millions of Americans to get a third stimulus check President Biden’s $1.9 Trillion Emergency Plan.

Biden has suggested sending $1,400 to each person who received the first two payments, along with some others left out of previous spending packages.

But if Republicans and moderate Democrats have their way, fewer checks could go out. And it could take another month for the money to reach American bank accounts.

Here’s what we know about who will get the third COVID stimulus checks and when they might arrive.

Who is eligible for a third stimulus check?

If Congress approves Biden’s massive spending bill as written, the money will likely go to any American who has already received stimulus checks. along with some who didn’t.

President Biden has proposed sending $1,400 to millions of Americans under his $1.9 trillion aid package.
Christopher Sadowski

As it stands, Biden’s plan would give $1,400 to every adult taxpayer earning up to $75,000 a year. The amount would gradually decrease for people who earn more, and those who make more than $95,000 get nothing. The income limits double for couples who file their tax returns together.

Among those that can be added are adults who can be claimed as dependents on the income tax returns of others, such as students or the elderly being cared for by their adult children. Biden has also called for eligibility to be expanded to “all mixed-status households,” a term that refers to families in which one person is a U.S. citizen or green card holder, while others do not have legal immigration status.

But the parameters will be determined in the coming weeks as Congress writes its relief legislation. And the president has indicated that he is open to lowering income thresholds to target stimulus spending to families who need it most.

That approach is favored by moderate Senator Joe Manchin (DW.Va.), as well as a group of 10 Republicans who have called for $1,000 checks with an income cap of $50,000 for individuals and $100,000 for married couples.

President Joe Biden will meet with House Democratic leaders, including Speaker Nancy Pelosi, on Feb. 5, 2021 to discuss the COVID-19 stimulus bill.
President Biden will meet with House Democratic leaders, including Speaker Nancy Pelosi, on Feb. 5, 2021 to discuss the COVID-19 stimulus bill.
Stefani Reynolds/Pool/Getty Images

During a marathon voting session Extending until Friday morning, the Senate approved a budget amendment that would prevent the checks from going to “higher-income payers.” But the measure is non-binding and didn’t say what qualifies a person as “higher income.”

When will the third stimulus checks come?

That depends on when Congress passes the bill. Democrats want it done before March, when supplemental unemployment relief and other pandemic relief programs are expected to expire.

The Senate a measure approved beginning Friday, allowing lawmakers to draft the legislation under a process known as fiscal reconciliation, which allows Democrats to send it to Biden’s office without Republican backing. The House of Representatives could already approve this accelerated measure on Friday.

“Next week we will write legislation to create a path to final passage for the Biden American Rescue Plan so we can complete our work before the end of February,” House Speaker Nancy Pelosi said in a statement. letter to colleagues Friday.

The FBI should be able to hand out the checks pretty quickly once the bill is passed and signed.

Civil servants started handing out the second round of checks about two days after then-President Donald Trump signed the bill authorizing the payment of $600. The Internal Revenue Service has said it delivered more than 100 million in less than two weeks despite some hiccups.

People who have submitted banking information to the IRS are likely to get the money through direct deposit the fastest, while others have to wait for a paper check.

With Post wires

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *