Only a few weeks remain for Congress tothis year, and signs are looking somewhat more hopeful: On Thursday, House and Senate legislators began to look at funding for the 2021 budget that potentially could include more stimulus relief.
President-elect Joe Biden and President Donald Trump have both urged lawmakers to passwith . If no stimulus legislation is passed during the lame-duck session, could enter the conversation more seriously after .
Once authorized, the IRS has systems in place to quickly start sending out stimulus payments via, paper checks and (in that order, over a couple of months). However, if the stimulus bill isn’t approved until Biden’s presidential term, there may be a complication — after there’s a newly appointed Treasury Secretary, there could potentially be a delay as that person gets up to speed.
Below, we’ve created some potential timelines for how soon you could get a new stimulus payment. This story was recently updated.