That doesnt mean asecond stimulus checkisnt coming.
Heres why well probably be waiting well past Labor Day for the next stimulus check to arrive.
No Interest Til Almost 2027?
This post refers to stimulus checks issued in 2020. For the most up-to-date info, check out ourrecent tax articles.
Both versions would have used the same income limits as the first round.
Postal Service funding and aid for struggling state and local governments.
The orders also extendedfederal student loan reliefthrough Dec. 31 and gave vague instructions about eviction protections.
That means well be waiting until after Labor Day to see any movement on stimulus checks.
So WhenWillthe Next Stimulus Check Arrive?
The IRS established the infrastructure it needed to make payments from the first round.
Its also collected the information it needed to process payments for most people.
I could get out 50 million payments really quickly.
They quickly agree on a relief bill that the president signs into law.
That puts us at mid-September.
Then, suppose the IRS really can process the first payments within a week.
Under the best-case scenario, we wont start getting more stimulus checks until late September.
Robin Hartill is a certified financial planner and a senior editor at The Penny Hoarder.
She writes the Dear Penny personal finance advice column.
Send your tricky money questions to[email protected].
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
