Here’s what you need to know.
While we can’t say for sure if a second stimulus check will be part of the next COVID-19 relief bill — and here’s what happens if it isn’t — we know that if it is, there are several ways you could actually see more money with your next check than you did with the first.
Just like with the first round, any future second round of stimulus checks is expected to cap out at $1,200 per qualified adult, but changes to the eligibility rules could lead to a larger second check for some people compared to their first check. Several failed proposals have tried to expand or decrease eligibility for some groups. That means if you didn’t get a check the first time you might be eligible to claim part or all of a second check. You also could receive more money for dependents or if there have been changes to your personal circumstances.
It’s now been eight months now since Congress authorized the first round of stimulus checks, and with COVID-19 cases, joblessness (PDF) and food insecurity all surging in the US, the need for more economic aid has never been greater. The situation has become so dire that 127 of the country’s top economists this week penned an open letter (PDF) urging Capital Hill to immediately approve another series of direct payments. But with Congress on recess until Nov. 30 and the winter holidays approaching, time is running out for lawmakers to negotiate and pass another economic relief measure before year’s end.