Although negotiations in Congress to pass another stimulus check have been stalled for weeks, hopes of this happening have not been lost as both parties continue to say they support the measure. What can you do now to receive the check as soon as a new relief package is passed?
Although negotiations regarding a new relief bill are at what House Speaker Nina Pelosi called a “tragic impasse”, because Democrats and White House officials haven’t been able to agree over the total cost of the package, both parties do support a second stimulus check to help millions of Americans in need and an economy that seems far from recovering.
The director of the National Reserve, Jerome Powell, told a congressional committee this week that the lack of stimulus would have an impact on the country's economy. For his part, the Secretary of the Treasury, Steven Mnuchin, assured that the White House approves the aid and Democratic legislators pressed to make it a reality.
If the measure finally passes, direct payment, this time, should reach American households faster since the Internal Revenue Service already has the information it collected to send the first stimulus check and has been working on ways to fix the problems the first round of payments encountered.
While the final deal is reached, there are two steps you can take to ensure that federal money reaches you as soon as possible, once payment has been enacted.
The first step is to update your information in the IRS 'Get My Payment' tool.
In the application, you can provide your account number and thus be sure to be included in direct deposits. In the first shipment, bank deposits got to accounts in a couple of days, much sooner than checks got to US mailboxes.
The second step is to file the 2019 tax return if you haven't already done so. Pay special attention not to make mistakes in your filing information, since this could delay the sending of the money. In no case does a duplicate declaration need to be sent.