Negotiations over the next stimulus package are ongoing, but it is almost certain that the American people will receive new direct payments in the coming months

The exact amount of the second stimulus package is not yet known, as several proposals are still being floated Here is how each proposal differs from the others and from the first stimulus package

The first stimulus bill (the CARES Act, signed into law earlier this spring) provided a $1,200 benefit to single people earning up to $75,000 a year and married people earning up to $150,000 a year

Higher earners received proportional checks, up to $99,000 and $198,000, respectively Income earners above the maximum received nothing

The CARES Act also provided an additional $500 per dependent under age 16 Most of these checks have already been sent out, but if you have not received one and believe you are eligible, use the IRS Get My Payment app or call the IRS stimulus check phone number to track your status

Lawmakers generally agree on the need for Stimulus Check 2, but let's see how much of each proposed bill will be paid out

Last week, Senate Republicans introduced the HEALS bill As with the first stimulus package, high-income earners would not receive benefits under this second package

Like the CARES Act, the Senate Republican proposal would provide an additional $500 per dependent, but would expand eligibility to all claimed dependents, including college students, children over age 17, and disabled adults

If the HEALS Act passes, a family of four with two tax-paying adults will receive $3,400

You can use this stimulus check 2 calculator to see how much you would receive under the HEALS Act

In May, the US House of Representatives passed a second stimulus package known as the HEROES Act Under this bill, Americans who meet the $75,000 or $150,000 income cap will also receive $1,200, while those earning up to $99,000 or $198,000 will receive reduced benefits

The HEROES Act also expanded dependents to include college students and adult dependents over age 16 Families will receive $1,200 per dependent (previously $500), but benefits will be capped at $6,000 per family

If the HEROES Act moves forward, the same family of four would receive $4,800

To calculate how much you will receive under the HEROES Act, use this stimulus check calculator

While the HEALS Act is the main bill being considered in the Senate, another group of Republican senators has proposed a hybrid proposal with the existing bill that would send $1,000 to each member of a family, including tax-paying adults and dependents of all ages The proposal does not appear to place a cap on the number of dependents

Under the bill, known as the American Family Coronavirus Assistance Act, singles and married adults without children would receive less than under other proposals, but families could receive more; a family of four would receive $4,000, which is more than under the HEALS Act but less than the HEROES Act

The bill also lowers the eligibility cap for individuals without dependents According to the Tax Foundation, benefits would be fully phased out for single filers with incomes up to $95,000 and married filers with incomes up to $190,000 ($99,000 and $198,000 under other bills)

Members of Congress and White House representatives are still working to reach consensus on legislation they hope President Trump will sign While the House HEROES Act is unlikely to become the final bill, Americans can generally expect to see some form of stimulus check 2 later this year