Congress passed another round of stimulus payments to most Americans in The Consolidated Appropriations Act of 2021.
- Bank deposits of $600 per individual (including children under 17) in a similar manner to the first round of payments. If you need to update your banking information, you can do so here: https://www.irs.gov/coronavirus/get-my-payment
- Deposits are expected by early January, and some taxpayers have already reported receiving them. This article is also hopeful for troubleshooting payments you believe you should have received: https://www.cnet.com/personal-finance/second-stimulus-check-irs-has-11-days-to-send-out-payments-when-will-yours-arrive/
- Payments are phased out at $75,000 gross income for individuals and $150,000 for joint filers in 2019.
The following chart from Kitces.com provides a helpful overview on whether you should expect a payment.