Here's everything we know right now. Updated Jan 26, 2021; Posted Jan 26, 2021 . There was no cap on how many children you could claim for a payment. The first two rounds of stimulus payments were based on a taxpayer's 2019 income. And, anecdotally, we've heard of people who received direct deposit payments the first time finally getting an EIP card in the mail -- and not an electronic bank transfer -- weeks after the IRS tool said the payment was issued. Associated Press | Dec 30, 2020 at 7:36 PM . Third stimulus check update today (Feb. 21) The proposed relief bill framework provides $1,400 to every American who qualified the first two stimulus checks… If that's the case, they may claim a "Recovery Rebate Credit". You could get significantly more money with the new stimulus payment -- even one that changes the formula to become more "targeted" (here's who might not qualify). Reporter to Ted Cruz: What were you thinking? (Learn more about some of the stimulus check exceptions and catches here.). Short answer: He can set the right tone but not much else. Millions of Americans are eagerly awaiting their second stimulus checks, which provide $600 for each eligible adult and child. Direct-deposit recipients typically get their stimulus money faster, as evidenced by how the government handled the first two rounds of payments in March and December. … There's the date that the first stimulus check goes out, and then there's the … There still is lots of work to do on the bill, however, that could complicate when you'd get more stimulus money, possibly up to $1,400 per person. The Jan. 15 deadline for the second stimulus check approved in December was written into the text of the bill without explanation. The IRS told CNET in January that some people who received a physical check or EIP card the first time may get paid by the other method the second time around. Anyone who didn't receive all or part of their second payment must claim it as part of the IRS' Recovery Rebate Credit on their tax return to get the funds owed -- even if they have non-filer status and aren't typically required to file taxes. Keep reading to see why your group could change and what, if anything, you can do about it. The news comes eight months after the first stimulus checks of up to $1,200 — plus $500 for child dependents — were sent out. Coronavirus. That March 14 goal to pass the bill is just one factor in when you could receive your check. This story is frequently updated. Those who aren't required to file federal taxes because they earn too little, More than 147 million payments were issued for the second round, which was authorized by Congress in late December. While it's possible that some paper checks or, The IRS was required to issue the payments by mid-January so that it could move on to processing, Eligible people who have moved or changed bank accounts since they filed their 2019 tax returns may not have received the money but can claim it on their 2020 tax return. Second stimulus check updates: House approves Trump’s $2,000 relief checks, sending to GOP-led Senate. Unlike the previous two rounds, adult dependents would be eligible for the payments. >>READ: Stimulus Check Update: ‘I Believe We Have A Moral Obligation,’ Says President-Elect Joe Biden. A third stimulus check is likely around the corner, and some people are still waiting for their first and second payments. Senate Proposal: $1,200 Stimulus Check Included In American Workers, Families, And … That Every adult with a … By STEVE PEOPLES and WILL WEISSERT. 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