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Here's why you might have to wait until February for a second $1,200 stimulus check

Here's why $1,200 stimulus checks were dropped from December's Covid relief package

Another stimulus check most likely won't happen in 2020, according to Garrett Watson, a senior policy analyst at the Tax Foundation.

The current goal for Congress is to keep the final relief measures of 2020 under the $1 trillion mark, said Watson.

Another round of $1,200 payments would cost north of $300 billion and leave little room for other funding urgently needed across the country. A bill with direct payments would need to be much larger and most likely won't materialize until President-elect Joe Biden is in office, according to Watson. This would make the passing of major legislation by February an optimistic timeline.

Check out this video for a full breakdown of the current stimulus proposal and to learn about what future legislation may include.

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