USPS Funding Can Save Stimulus Check 2 — Here's How

USPS Funding Can Save Stimulus Check 2 — Here's How

The status of stimulus check 2 has been in limbo since the Senate left Washington, D.C., last week without finalizing a coronavirus relief bill.

Several White House officials have called for lawmakers to return to the negotiating table, but there may be new incentives to pass the stimulus bill.

President Trump has threatened to withhold funding for the U.S. Postal Service because of his opposition to universal voting. On Sunday, however, Chief of Staff Mark Meadows said in an interview with CNN's State of the Union that "funding for the Postal Service" could be included in the stimulus bill currently under consideration if Democrats "come back to Washington."

"If our Democratic friends are upset about this, come back to Washington, D.C.," Meadows said.

"Hand out stimulus checks to Americans. Let's extend the [Payroll Protection] Program and put postal money into it so that small businesses are protected. Let's pass it tomorrow. The president will sign it. [Both the Senate and the House are in recess until September. But that does not mean that negotiators cannot work toward an agreement on a stimulus bill.

If agreement is reached, the Senate could be called back to vote on the bill and pass it to President Trump.

According to Fox News, House Speaker Nancy Pelosi has already called Democrats back to Washington to consider new legislation to protect the USPS. The "Delivering for America Act" would "prohibit the Postal Service from implementing any changes in operations or service levels implemented on January 1, 2020.

As it stands, the two-day check framework of the stimulus package will likely not be realized by the end of August. However, the IRS has the infrastructure to distribute the first round of stimulus checks, so payments could begin two weeks after the bill is passed.

While the bill regarding eligibility and amount of stimulus check 2 has not yet passed, we can help you find out what you may be eligible for.

Taxpayers with annual incomes of less than $75,000 (if single) or $150,000 (if married) can expect to pay $1,200 or $2,400, respectively.

Taxpayers with annual incomes of $99,000 or more (if single) or $198,000 or more (if married) will not receive a payment.

To find out how much you will receive in Stimulus Check 2, enter your tax information into the 2nd Stimulus Check 2 Calculator. It will tell you how much your check will be based on your personal circumstances.

Categories