Stimulus Checks: The IRS letter 6475 and why its important for your tax refund

The is tax authority It sent out multiple rounds of stimulus payments during the year.

more than 175 million Americans It was received $1400 For each eligible adult or child.

What is IRS letter 6475?

The IRS has begun issuing Message 6475Economic Impact Payments (EIP) 3 End of the year, January 2022.

This message helps EIP recipients determine if they qualify Claim redemption discount on tax returns for the 2021 tax year.

This message provides the total amount of Pushing the third economic impact and any additional payments received for the 2021 tax year.

For married individuals who provide a joint returneach spouse will receive a letter stating half of the total amount.

Message 6475 Only applicable to the third round of EIP issued between March 2021 and December 2021. This includes additional payments.

Who gets the extra payments?

If you received a third Economic Impact Payment based on your 2019 tax return or information from the Social Security Administration, the Railroad Retirement Board, or the Veterans Administration

If you qualify for an additional amount based on your 2020 tax return

Most eligible persons have already received the full amount to which they are entitled.

However, no one has received The full amount owed to them Payment information should be reviewed to determine if they should claim Redeem your discount balance For tax year 2021.

For example, the parents of a child born in 2021—or parents and guardians who added a new eligible dependent dependent to their family in 2021—did not receive a third-round Economic Impact Payment for that dependent and may be eligible to receive up to $1,400. Dependent by claiming a refund discount.

Why did you receive a letter from the IRS?

The IRS began issuing information letters to provide child tax credit recipients in December.

Winners of the third round of the program Economic Impact Payments Information messages will begin to be received at the end of January.

Use the information in these characters when Tax return preparation It can reduce errors and delays in processing.