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That credit was designed for people who didn't get all or some of the stimulus checks when they were issued during the pandemic. Lawmakers authorized three stimulus payments, with two sent in 2020 ...
President Trump signed the $900 billion economic relief and government funding bill into law, which includes a second stimulus check that tops out at $600 per person. More help could be on the way ...
Tax rebates as part of the Economic Stimulus Act of 2008; First coronavirus stimulus (called "EIP 1" by the IRS), as part of the CARES Act, March 2020; Second coronavirus stimulus ("EIP 2"), as part of the Consolidated Appropriations Act, 2021 (Dec. 2020) Third coronavirus stimulus ("EIP 3"), as part of the American Rescue Plan Act of (March) 2021
Like the first wave of payments, the second stimulus check would be a refundable credit against your 2020 tax liability and would be paid out as an advanced refund.
Families First Coronavirus Response Act, enacted March 18, 2020; $104 billion; CARES Act, enacted March 27, 2020; $2.2 trillion; HEROES Act, passed by the House of Representatives on May 15, 2020, but never enacted into law; $3 trillion; Consolidated Appropriations Act, 2021, enacted December 27, 2020; included $900 billion in COVID-19 relief
Paycheck Protection Program Flexibility Act of 2020 – June 2020; A bill to extend the authority for commitments for the paycheck protection program – July 2020; Consolidated Appropriations Act, 2021 – Includes $600 stimulus checks, December 2020; American Rescue Plan Act of 2021 – Includes $1400 stimulus checks, March 2021 [1]
Democrats unveiled a new scaled-down stimulus proposal on Monday evening, which includes a second round of stimulus checks and an extension of the $600 a week in unemployment benefits.
The Internal Revenue Service will automatically correct miscalculations taxpayers make when claiming their first and second stimulus checks on their 2020 tax returns.