Is there a second stimulus check coming? What we know — and don't - Business Insider

No, a second stimulus check isn't being issued — yet.in May proposing another round of direct payments to households, which would greatly expand the eligibility requirement outlined in the CARES Act, it isn't under consideration in the GOP-controlled Senate.in June, Republican lawmakers are extremely split on whether to send more money to Americans. "could well be" a part of the next economic relief package, Zeballos-Roig reported.

"I think the people who have been hit the hardest are people who make about $40,000 a year or less," McConnell said. "Many of them work in the hospitality industry." Mark Meadows, the White House chief of staff, also said in a separate interviewKey details around a second stimulus check aren't clear Among the several proposals and verbal support put forth by lawmakers and Trump advisers for a second stimulus check, there hasn't been a clear consensus on when payments should be sent, how much they'd be worth, and who would be eligible.were based on income from 2019 or 2018, whichever tax return was filed most recently. Single filers with an adjusted gross income of less than $99,000 and joint filers with an AGI of less than $198,000 qualified for payments.

Unfortunately these thresholds based on previous income may have left out some workers who lost their job or took pay cuts during the pandemic and subsequently fell under the qualifying income thresholds. However, because the payments are technically aThe IRS sent most of stimulus payments by direct deposit and paper check, and later introduced

, which it sent to around 4 million people. Direct deposit is the fastest method of delivery, but debit cards make the money more widely available, primarily to households without a bank account.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 things you need to know before the opening bell - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Analysts say Amazon is a 'structural' threat to Google's business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ashishchauhan Why National Peroxide (500298 bse) is in 'x' group since long and T. O. charges is sooo high
Source: BusinessInsider - 🏆 729. / 51 Read more »

How a 36-year-old booze business owner grew sales during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Starling seeks further funding as it looks to expand its business offering - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »