The amount then declines for people earning above those thresholds, and completely phases out for single people who earn over $87,000 and married couples with earnings over $174,000. In other words, the $600 will be directed to children ages 16 or younger. Adult dependents, from college students to seniors. A second round of stimulus checks may soon land in the bank accounts of millions of Americans after President Donald Trump signed a $900 billion economic relief package on December 27. Copyright © 2021 CBS Interactive Inc. All rights reserved. The second stimulus check follows a rocky rollout this spring for more than 160 million stimulus payments directed by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The agency said it expects its "Get My Payment" tool to be operating again "in a few days," although it didn't specify a date. The IRS will use people's 2019 tax returns to determine their stimulus payments, which means that teens who hit their 17th birthday in the second half of 2020 — after tax returns were due to the IRS — could still qualify. Children under 17 years old will also receive the same $600 payment as adults, compared with $500 in the first round. It also informed people when their checks would be landing in their accounts. Thousands of Guard troops will remain in D.C. through mid-March, Larry King, veteran talk show host, has died at 87, 30-year secret reveals real killer just before start of murder trial, Arizona GOP censures Cindy McCain and Governor Ducey, The impeachment managers who will argue the case against Trump, Birx: Inauguration-related gatherings could be "superspreader", How Trump's second trial could be different from the first, House Republicans divided as some attempt to oust Liz Cheney, Firefighter's sign language Pledge was homage to late father, Biden signs orders to streamline stimulus checks, expand food stamps, Democrats weigh options to pass Biden's massive COVID relief bill, Biden unveils COVID strategy with slate of executive orders. But as of the morning of January 4, the site was still down. The $900 billion stimulus package directs $600 to each child in a family — as long as they are considered "qualifying children" under the IRS tax code for the Child Tax Credit. "Children will be eligible for the same benefit amount as eligible adults, and families with members of mixed immigration status with a valid Social Security number for one spouse are also eligible for the payments, unlike with the CARES Act rebates," noted the Tax Foundation. Find this important form if you are seeking more stimulus check money. "If additional legislation is enacted to provide for an increased amount, Economic Impact Payments that have been issued will be topped up as quickly as possible," according to a Treasury statement on December 29. "If taxpayers received a direct deposit then, they will again; if they received a mailed check or debit card then, they will again," he said. The IRS said last Tuesday that it had started to distribute the checks via direct deposit, a process that will extend into this week. The tax agency added that it started mailing paper checks on December 30 to people who don't have their bank account info on file with the IRS. News provided by The Associated Press. Those who earned more than $87,000 will not receive anything for themselves. Dept. © 2020 CBS Interactive Inc. All Rights Reserved. Confirm that we sent your second stimulus payment. The second round of stimulus checks proposed in the COVID-19 relief bill that Congress passed in December uses similar criteria as the CARES Act to determine which dependents are eligible. The $3,400 thrown out by Trump is the number that both sides generally agreed on for a second stimulus check because the checks would follow the same parameters as the first round, for the most part. "The updated website should include information on both the first and second stimulus payments," he said. Senate Majority Leader Mitch McConnell on Tuesday blocked an attempt to vote on the $2,000 stimulus checks approved by the House, but resurrected the higher payments in a new bill that includes other items on Mr. Trump's wish list, including the repeal of Section 230, which shields social media companies from lawsuits. Second stimulus check: Who won't be getting a $600 check? This means that most college students, who are typically claimed as dependents by their parents, won't qualify for the checks. Updated Dec 31, 2020 at 6:45am Getty Self-supporting students who are not declared as dependents on someone's tax return can claim the $1,200 stimulus payment themselves. The IRS on December 29 said its "Get My Payment" website would be up and running "in a few days," allowing consumers to check on the status on their payments and update their bank account information. Copyright © 2021 CBS Interactive Inc. All rights reserved. But many rules about stimulus checks 2.0 remain the same — and that means some theories about the government money that were untrue in the spring are just as untrue now. Go to main menu. ICE Limitations. The size of your stimulus check is based on your adjusted gross income (AGI), which is your total income minus adjustments like standard or itemized deductions. That relief effort, which directed $1,200 for each eligible adult and $500 for each eligible child, encountered a number of problems, such as a delay in payment to people who didn't have their bank account information on file with the IRS, as was the case for some Social Security recipients. Legal Statement. First published on December 29, 2020 / 8:16 AM. But even so, the timeline leaves many people wondering when exactly the check will land in their accounts — especially as the IRS' website for checking one's payment status is unavailable. The amount of payment individuals receive will be reduced by $5 for every $100 of income earned above those thresholds, according to the House Appropriations committee. But it, too, had glitches. There are a variety of reasons why people might have missed out on all or some of a first- or second-round stimulus check. While it's unlikely the stimulus checks will get bumped up to $2,000, the Treasury Department said it would be able to handle that possibility. Your stimulus check might still be in the mail. Thousands of Guard troops will remain in D.C. through mid-March, Larry King, veteran talk show host, has died at 87, 30-year secret reveals real killer just before start of murder trial, Arizona GOP censures Cindy McCain and Governor Ducey, The impeachment managers who will argue the case against Trump, Birx: Inauguration-related gatherings could be "superspreader", How Trump's second trial could be different from the first, House Republicans divided as some attempt to oust Liz Cheney, Firefighter's sign language Pledge was homage to late father, Biden signs orders to streamline stimulus checks, expand food stamps, Democrats weigh options to pass Biden's massive COVID relief bill, Biden unveils COVID strategy with slate of executive orders. 7:13 AM / MoneyWatch in Washington, millions of Americans have received their $ check. Website allowed people this spring to provide or update their bank account and mail for stimulus payment check obviously... 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