Second stimulus check update Second stimulus check update

What new groups could now qualify if there is a second stimulus check?

Even though negotiations between White House officials and House Democrats seem, once again, to be slowing down due to differences between both parties regarding some fundamental issues, one thing that everyone agrees on, is the need for a new stimulus check. What groups, who were left out before, could receive it now?  

Although there is no certainty that a new relief bill will be passed before the elections, Secretary of Treasury Steve Mnuchin and House Speaker Nancy Pelosi have been trying to reach an agreement and in all proposals, a new direct payment was included.

While Senate Republicans want a "focused" and "targeted" aid plan, and Democrats push for a broader approach with a proposal amounting to a minimum of $ 2.2 trillion, the White House increased its lat offer to 1.8 trillion, making it difficult to guess whether or not an agreement will be reached in the next days.

Meantime, the vast majority of Americans that are struggling to keep afloat are keeping their fingers crossed that the long-promised direct payment is approved soon.

While the wait continues, however, it's possible to break down who might get the extra help through direct payments in the event that a new stimulus check passes in Congress.

To do the analysis, the provisions contained in the HEALS Act (presented by Republicans) and the HEROES Act, approved by the Democrats in the House, can be used as a frame of reference.

All bills proposed, including the White House offer, consider these people eligible for the payment:

1. Individual taxpayers with income up to $ 75,000 would receive $ 1,200.

2. Head of household with incomes up to $ 112,500 would receive $ 1200

3. Married taxpayers with income up to $ 150,000 would receive $ 2,400.

Stimulus payments shrunk by $ 5 for every $ 100 over the limit as income rose and vanished completely above certain thresholds: $ 198,000 in AGI for taxpayers filing a joint return, $ 136,500 for taxpayers filing as head of household, and $ 99,000 for all others.

There are, however,  groups that, under the CARES Act,  were excluded from the first round, but, under one or both of the aforementioned new laws, could receive payment.

Dependents

One of the most novel aspects of both proposals is that payments for dependents would not be limited to minors up to 16 years of age, as in the CARES Act. Both the HEALS Act and HEROES Act establish that the credit would also apply to university students and dependent adults.

In the case of the Democrat bill, the minimum payments to individuals would be $ 1,200, the same amount would apply to each dependent (up to a maximum of three), and couples filing jointly would receive $ 2,400.

Regarding Republican legislation, the difference is that the amount per dependent would be $ 500 but there is no limit to the number of dependents that may be claimed.

The White House proposal provides $1000 per dependent.

Citizens abroad

Although these grants were designed to provide additional relief to Americans affected by the pandemic, citizens living outside the United States also qualify under both proposals.

Non-citizens who pay taxes

Under both the CARES Act and the HEALS Act, potential recipients need to have a Social Security number to receive payment; this is not so in the HEROES Act.

This legislation provides for people who are not citizens but who pay taxes with an ITIN or Taxpayer Identification Number to be eligible for the aid.

Americans married to ITIN immigrants and their US-born children would also qualify to receive the payment. This last incorporation has growing support from Republicans as well.
 

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