Stimulus Check News: Why Is The 6475 IRS letter Important For The Tax Refund

Stimulus Check
Stimulus Check

In many waves spread out throughout the course of the year, the IRS sent out stimulus checks.

Every eligible adult and kid in the United States got $1,400, benefiting around 175 million people.

In January 2022, the IRS started sending out Letter 6475, EIP 3 Year-End.

This letter is intended to assist EIP participants in determining whether or not they are qualified to receive the Recovery Rebate Credit stimulus payment when filing their tax returns for the year 2021.

This letter details the full third Economic Impact Payment and any additional stimulus checks received during the 2021 tax year.

When a married couple files their taxes together, both partners will get a letter with their share of the total.

In other words, the third wave of EIP, which will be distributed between March and December of 2021, is the only one for which Letter 6475 will be of use.

Who Will Receive The Plus-Up Stimulus Checks?

Your 2019 tax return or information from the SSA, RRB, or Veterans Administration may have qualified you for a third Economic Impact Payment.

If their 2020 tax return indicates you’re due a larger refund,

Many persons who were qualified have already received all of the benefits to which they are entitled.

However, if you believe you are eligible for the 2021 Recovery Rebate Credit but did not get the entire amount you were owed, you should verify the payment details to see whether you are eligible.

Parents of a child who was born in ’21 or parents of a new qualified dependent added to the family in 2021 who did not get the third EIP for that respective dependent are eligible to receive up to $1,400 for that dependent under the Recovery Rebate Credit.

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