When will the Second Stimulus Check Come? [FAQ Updated 12-22]

Hey, everyone me Kevin here in this video. I'm going to give you a quick breakdown on some updated information as to when you can expect your second stimulus check and some frequently asked questions first. If you have received your stimulus check of via direct deposit the last time from the cares act back in March and April. You can expect your check by the week of December 28th. The IRS expects that your checks will be deposited in the same way as last time by December 31st via.

The same direct deposit banking information. If you have changed your banking information, you might want to try changing your information at the get my payment portal which you can find at the get my payment portal by going to irs.gov / coronavirus / get - my - payment, you can also Google IRS get my payment now it is possible that the IRS will be updating this portal over the next few days. So it might be beneficial to wait until Thursday or.

They just to see if there are any updates coming to the portal before you change your information. If you received your stimulus check last time via direct deposit and your banking information has not changed. You should not have to change anything manually yourself. You should automatically receive six hundred dollars per adult and $600 per child under the age of 17. If you make more than $75,000 as a single person or more than 150,000 dollars as a person filing married filing jointly then..

Your check will be reduced by five dollars for every extra $100 that you make if you have a stimulus debit card or your receiving a mailed check or expecting to receive email check like you did the last time the IRS actually expects these payments to process much faster than last time the IRS currently expects that all payments will be made by January 15th with 10 million payments going out via paper checks and debit cards between now and January 15th..

Treasury secretary Steven music venusian, excuse me, believes that the entire process from start to finish will only take three weeks. Keep in mind unlike unemployment which is taxed. Your stimulus check is not taxed and you can still receive a stimulus check Even If you're receiving unemployment benefits or the unemployment boost, whether it's the $300 or the $300 plus the 100 dollar boost, which we spoke about in yesterday's video checked out the full summary if you have not seen that yet child support payments..

Will be garnished as they are money that is owed to somebody else. However, you were stimulus check it cannot be garnished for state federal and Bank debt garnishments. So that is Banks state governments and federal governments cannot garnish your stimulus check for debts owed to them. If you're having a baby in 2020 congratulations, or if you just had one or you're about to have one again. Congratulations. Everything is great with your your new loved one. You will be able to claim..

Your child on your 2020 Texas to get a stimulus check for them as along as they have a social individuals with an itin do not qualify for stimulus checks, but their family members and children with socials do your 2019 tax return will be used to qualify your income. If you did not file your 2019 taxes, your 2018 taxes will be used if you didn't file either of those your benefits may come through your railroad retiree benefits your SSI benefits your veteran..

It's on disability benefits your Senior Benefits when you're receiving Social Security, all of these stimulus checks would come through the same Department that currently makes your payments for you. So you should see an increase in your payment. You should be very similar to the last time you received your stimulus benefit. It's also likely I'm going to just reiterate this. It's probably too early to use the get my payment portal. You could try and I suppose it doesn't hurt to update your information in there if you wanted to try that last time when they release the portal.

There was such a Mad Dash for everybody put their information in the system crash. So, who knows maybe you try it irs.gov / coronavirus / get - my - payment or just Google IRS get my payment to provide your direct deposit information have your social security numbers ready and dates of birth, obviously, but I'm sure you know those I would also expect it to have an update from the IRS within the next few days just to verify if there's anything else that we need to do. We don't have those updates yet. Although I do not expect there to be anything..

We need to do in fact the treasury Department says there's nothing that we need to do here check will come just like it did last time and that's why things are expected to process so much faster. Now if your income has declined in 2020 and you don't qualify based on your 2019 or 18 income, you'll still be able to claim your stimulus check if your 2020 income was within thresholds on your tax return at the beginning of next year. You'll get a tax refund for that money. So there you have some answers to questions about timing and other frequently asked..

Kitchens about the second stimulus checks, if you want another free stimulus benefit consider going to the link down below and depositing just $100 with the stock trading platform Weeble, you obviously get to keep the $100 but on top of that you will get for totally free stocks. You'll get two smaller ones and then once your $100 clears, you'll get another two free stocks and so in total, you'll get at bare minimum $21 for like five minutes worth of work and you could get up to $1,600 apparently between now and the end of the year. They're giving away over a thousand..

Apple stocks in this batch as well. So I hope you get one or even a larger one maybe a Tesla stuff. Thank you so much for watching folks and we will see you in the very next video..