Proposals for a second stimulus check provide more Americans with money, but some are still left out

For Americans eagerly awaiting yet another stimulus check, time is running out as the Senate is on recess on August 8. The good news is that there are multiple competing proposals for a second stimulus payment, and one of them, the HEROES Act, has already passed the House of Representatives.

Although Republican lawmakers have opposed many provisions of the HEROES Act, those on the right side of the aisle have shown some willingness to offer additional direct payment to the public. And if the framework of the stimulus plan of the HEROES Act is adopted, there is good news: this time more people would be entitled to receive stimulus funds than under the CARES Act that authorized the first payment.

However, while the HEROES Act expanded eligibility for the second COVID-19 payment, it still excludes millions of Americans. Here’s what you need to know about who’s included and who won’t see more money the second time.

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These people would receive stimulus money the second time

The HEROES Act would make the stimulus money available to millions of people who were left out of the first payment. Those who would get money the second time they didn’t benefit from the first check include:

  • Around 26 million dependents. The CARES Act provided $ 500 per dependent qualifying child under the age of 17. But anyone 17 or older who was claimed as a dependent on someone else’s tax return received nothing, as they did not qualify for the $ 500 or their own payment. Under the HEROES Act, payments of $ 1,200 are awarded to anyone claimed as a dependent, even if they are over the age of 17. This $ 1,200 is the same amount that independent adults receive.
  • Taxpayers with a valid taxpayer identification number. The CARES Act authorized payments only to people with a valid Social Security number, excluding millions who pay taxes but are not citizens with this form of identification. The CARES Act also excluded married joint filers when one spouse had an ITIN, even if the other had a Social Security number. All of these individuals and families would earn money under the HEROES Act.

But these groups are still in the cold

While the HEROES Act provides stimulus money to more people, it still excludes some groups:

  • Some dependents in large families: Although the HEROES Act expanded those who count as dependents, it limited the number of dependents that each household could claim to three. In families with four or more dependents, some household members would still not receive stimulus funds. Although only about 14% of mothers in the United States have four or more children, there are many more families with four or more dependents once older relatives are also taken into account.
  • High-income people: The HEROES Act maintained the same income limits of $ 75,000 for single taxpayers and $ 150,000 for married taxpayers. Once your income exceeds those limits, your check amount would decrease by $ 5 for every $ 100 above it. Therefore, households with higher incomes may still not receive money the second time.

No American can count on more stimulus funds

While there is definitely reason to believe that an additional stimulus payment could come, there are also many obstacles standing in the way, so the chances of a second COVID-19 check are far from 100%. And even if a second payment is sent, there is no guarantee that it is based on the HEROES Act and includes all excluded Americans the first time.

While you should talk to your representative about the stimulus proposals you support, you should also make sure you don’t have a second check to make ends meet during the 2020 recession. If you’re having financial difficulties, check out these tips to help you through these times. turbulent, so you can find a solution that improves your situation, even if you don’t get a second payment.

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