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A second round of $1,200 stimulus checks could be coming. Here’s how soon you can expect them

PERSONAL FINANCE

A second round of $1,200 stimulus checks could be coming. Here’s how soon you can expect them

PUBLISHED FRI, JUL 24 20201:34 PM EDTUPDATED FRI, JUL 24 20204:45 PM EDTLorie Konish@LORIEKONISHKEY POINTS

  • Congressional lawmakers want to include a second round of stimulus checks in the next coronavirus bill.
  • The size of the payments is still subject to change, but could be similar to the terms of the $1,200 payments sent in the first batch.
  • This time, some Americans should receive their payments quicker. But questions linger for those who are still waiting for their first checks.
Blank Social Security checks are run through a printer at the U.S. Treasury printing facility February 11, 2005 in Philadelphia, Pennsylvania.

Blank Social Security checks are run through a printer at the U.S. Treasury printing facility February 11, 2005 in Philadelphia, Pennsylvania.William Thomas Cain | Getty Images

Congress won’t move on the next round of stimulus legislation this week.

Despite that, however, a second set of stimulus checks is still on the table.

Draft legislation released by Senate Republicans states, “These will be included, but the amount of the payment and eligibility are TBA [to be announced].”

Treasury Secretary Steven Mnuchin said this week that the size and scope of the payments will likely be the same as the first round. That is subject to change as negotiations with Democrats ensue.

Those checks were up to $1,200 per individual or $2,400 per married couple, plus $500 for dependents under 17.

Eligibility was based on income. Those earning up to $75,000 per individual, or $150,000 per married couple filing jointly, received the full amount. Those who m

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