The current proposals mirror the pay structure of the first round of stimulus, Watson said. Each would pay out up to $1,200 for individuals, $2,400 for married couples filing jointly and additional money per dependent. Also, like last time, individuals over certain income thresholds would get less money.
The payments would be delivered in the same manner.
One big change, however, could come if you filed your 2019 taxes after receiving the first check. The total would be based on your latest tax return and could mean more or less money depending on any potential changes to your income, according to Watson.
Check out this video to learn more about the likelihood of a bill passing before the election and to see how each proposed stimulus bill differs.
Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.