Second Stimulus Check Update: Your Next Stimulus Check Could Be Just Like the Last One

It appears as if Republican Senators and White House negotiators are leaning toward a second round of stimulus checks that would mirror the first round of payments.

(Image credit: Getty Images)

It may be déjà vu all over again when it comes to a second round of stimulus checks. Senate Republicans and Trump administration officials are trying to hammer out a new economic stimulus bill to boost the U.S. economy and help Americans facing financial hardship because of the coronavirus pandemic. Another round of stimulus checks is expected to be a key component of the bill. But how much money each family will get under the Republican plan, and which families will even get a check, are still open questions.

Treasury Secretary Steve Mnuchin provided a hint, though. He said that the Republican proposal on stimulus checks is "the exact same provision as last time." That presumably would mean your second stimulus check would be equal to the first payment you received under the CARES Act earlier this year. (Use our Stimulus Check Calculator to determine the amount.) That would also mean that people who didn't receive a first-round stimulus check would not receive a check under the next stimulus bill, either.

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Rocky Mengle

Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.