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Originally Published: Jul 28, 2020
Originally Published: Jul 28, 2020 Last Updated: Aug 07, 2020 11 min read
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Senate Republicans introduced a series of new coronavirus relief bills the week of July 27 that includes a second round of stimulus checks for most Americans. The majority of taxpayers would have to take no action whatsoever to get their checks, and the payment amounts will be exactly the same as the first time around for most people.

So if you got a $1,200 stimulus check — or "Economic Impact Payment," to use the IRS lingo — for coronavirus relief sometime over the past few months, you'll probably receive another $1,200 payment in the near future.

However, there are changes to the proposed new stimulus payments that could affect how much you get in the second round — or even if you receive one at all.

In particular, the rules regarding the eligibility of dependents are different, and the big takeaway is that people who claim older dependents on their taxes can look forward to getting more money in the second round of stimulus check payments.

The first stimulus checks, issued as part of the monumental $2 trillion CARES Act, gave a maximum amount of $1,200 per adult and $500 for each eligible child who was under age 17 and claimed as a dependent on one's most recent tax return. This time, though, in what's being called the HEALS Act (Health, Economic Assistance, Liability Protection and Schools), there are no age restrictions for dependents in the proposal. This means that dependents age 17 and over — including millions of college students — would be eligible for $500 each. A recent death in the family or a significant change in your income over the past two years could also affect how much you receive in the next stimulus check.

Below are more of the specifics. But first, bear in mind that the recently introduced GOP proposal is just that — a proposal. It has not been debated or voted on by Congress, it's not yet law, and the exact terms for stimulus check amounts and eligibility could change if and when the time comes around that it's approved and enacted by the federal government.