Be sure to keep an eye out for Letter 6475, Your Third Economic Impact Payment from the IRS.
This letter will help you determine if you are entitled to and should claim the recovery rebate credit on your 2021 tax return.
The federal government mailed the third stimulus checks between March and December 2021, following the passage of the American Rescue Plan. In that third round of Economic Impact Payments, the IRS sent Americans checks of up to $1,400 per adult, plus an additional $1,400 for each dependent.
If you think you qualified for a third stimulus check and never received one, you won't receive Letter 6475. Instead, you'll need to create an IRS online account to view the amount of your Economic Impact Payments. If you confirm you didn't receive a third stimulus check and are eligible, you can get that money by claiming the recovery rebate tax credit on your 2021 tax return. Additionally, if the IRS based your third stimulus payment on your 2019 or 2020 taxes, but you earned less in 2021, you'll need the documentation to claim any additional money from an adjusted recovery credit.
Follow these tips to receive all eligible stimulus money.
You may have already received a Letter 1444-C, which shows the amount paid and how it was delivered, but that's not what we use to prepare your 2021 return.
You will want form 6475. This form is important, but especially important if you're due more money -- mainly if you had a new baby, adopted a child, fostered a child, it's your year for split shared custody or any number of additional life changes.
Hold onto form 6475 to prepare your 2021 federal return.
Having the wrong amount on your return will most likely trigger a manual review, resulting in delaying your refund.
If you don't receive Letter 6475 (or lose it), you can find the information on your stimulus payments on your IRS account. If you don't have one set up, you can create an ID.me account on the IRS website to verify your details.