As the pandemic continues to affect millions of Americans, the government has been working on a second stimulus deal to provide some financial relief to those who have been struggling. While the original stimulus deal was passed in March, it provided a one-time payment of $1,200 to eligible Americans. The proposed second stimulus package includes a second round of direct payments, but getting a deal in place has been a slow and difficult process.

With negotiations ongoing, it is important to understand the details of the proposed agreement for the second stimulus check. Here are a few key points to keep in mind:

1. The proposed amount: While the first stimulus check was for $1,200, the proposed amount for the second check is $600. This is half the amount of the first check, but still provides some much-needed financial support to those who are struggling.

2. Eligibility: The eligibility for the second stimulus check is similar to the first round. Individuals with a gross income of up to $75,000 per year and married couples with a gross income of up to $150,000 per year are eligible for the full payment. For those who earn more than the threshold, the payment will be reduced.

3. Dependents: Unlike the first round of stimulus checks, the proposed second stimulus package includes payment for dependents of all ages. This means that eligible families would receive $600 per child, which can add up quickly for those with multiple dependents.

4. Unemployment benefits: The proposed package also includes an extension of unemployment benefits for those who have lost their jobs or had their hours reduced due to the pandemic. The deal includes an additional $300 per week in unemployment benefits, which would provide a critical safety net for those who are struggling to make ends meet.

5. Timing: While negotiations are ongoing, it is hoped that the second stimulus deal will be passed before the end of the year. If passed, payments would likely start to go out in early 2021.

While a second stimulus check would provide much-needed relief for millions of Americans, it is important to note that negotiations are still ongoing and the details of the agreement may change. As such, it is important to stay informed and keep up-to-date with the latest news on the proposed second stimulus package.