This is your Second Stimulus Check update and stimulus check 2 update as of Monday, June 23rd. We cover the second stimulus check, the stimulus update, and also the next stimulus package. 35 million people are still waiting for their first stimulus check. And a larger amount are people who do not need to file tax returns due to their income not being high enough. These people are known as non-filers.
I’ll quickly share this because a lot of viewers who have income below $12,200 for singles or $24,400 for married couples have had so many questions about this.
Basically, If you did not file a 2018 tax return and are not required to file a 2019 return, and you want a stimulus check, the IRS requires you to use a non-filers form to provide your information for a stimulus payment.
The deadline for filing out this non-filers' form on the IRS website is October 15.
In case you missed it, in my previous update today, I shared some news from the President. When asked in an interview, the President confirmed another stimulus package. He said it’ll be very good and very generous.
So what could the second stimulus amount be?
We are all curious about the amount of the second round of stimulus checks especially after the president’s comments that it will be very generous. Given that the first stimulus check was $1200, a very generous amount will be anything greater than that in my opinion.
Will there really be more stimulus checks?
To be specific, the president never spoke about second stimulus checks. On Monday, Trump was referring to the next stimulus package. Whether this will include second stimulus checks is still up in the air.
Some top White House officials have pushed the president to reject any additional spending, telling the President to channel his energy on tax cuts and other measures that will boost economic recovery.
According to a CBS News report, White House spokesman Judd Deere said in an email, "Any phase four economic package must prioritize pro-growth economic measures that incentivize employers and our great American workforce to return to the labor market."
Like we already know, Trump has previously announced how much he wants a payroll tax cut and incentives or tax deductions for restaurants and the entertainment industry.
CHECK BACK LATER FOR MORE UPDATES.
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