The federal administration sanctioned multiple stimulus checks from 2020 to help people cope with the economic downturn caused by the pandemic. The third relief check under the American Rescue Plan Act gave $1,400 to every American who met the earning criteria.
With the federal government having stopped sending out any more stimulus checks, Americans who had not received their relief check have a final chance of claiming their amount by filing the income tax returns for 2021. The last date has been set for April 18, and if you haven’t got your papers ready, you can file for a six-month extension.
One important document that will help you get your stimulus check refund is Letter 6475 sent by the IRS. Letter 6475, EIP was sent this January and helps recipients decide if they are entitled to claim their due amount by filing the RRC on their returns.
Letter 6475 Only For Third Stimulus Check
This letter gives the sum of the 3rd relief check and other plus-up checks sent in 2021. Married individuals will both receive separate letters showing 50% of the amount.
Letter 6475 is only linked to the 3rd relief check that was signed into law by President Biden in March 2021. The payments concluded in December 2021 and included plus-up stimulus checks set as an adjustment against the initial check.
Plus up stimulus checks went to people whose initial stimulus check amount was calculated against their 2019 returns. Many people were entitled to an added payment based on the 2020 returns, hence the plus-up checks.
Though many people have received the full amount of the payment, many people received the only part and the difference can be claimed through the RRC for the 2021tax year.
For instance, parents who welcomed a child into the family are entitled to a $1,400 stimulus check as the IRS did not send the amount with the third Economic Impact Payment.