IRS Letter 6475

Forum|Forum|4 years ago
March 9, 2022
7 replies
48 views

Earlier this year (2022), my wife and I each received IRS Letters 6475 showing amounts that we each received for “Total 2021 Economic Impact Payment(s)”. We each did in fact receive the amounts specified in the 6475 letters as part of the American Rescue Plan in May of 2021 - the third stimulus payment. However, we also received a smaller check in January of 2021 that was described as "Your Second Economic Impact Payment". It appears that Letter 6475 either doesn’t take into account the check we received in January of 2021 or the IRS has no record of the check we received in January of 2021.

1. Does Letter 6475 only reference the third stimulus payment - even through some of us also received the second stimulus payment in early 2021?

2. Are either the second or the third stimulus payments received in 2021 taxable for federal income tax purposes?

xmasbaby0

Level 15

Stimulus checks are not taxable. You do need to enter the amount shown on your letter 6475 when you complete the recovery rebate credit section in Federal Review. Those questions pertain ONLY to the 3rd EIP, not to the first and/or 2nd stimulus checks. Enter only what is on your letter 6475 for each of you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

rdcoserilAuthor

Level 2

Thank you.

Phyllis15

Level 2

Turbo Tax should be clear regarding the questions on Stimulus (Economic Impact Payment) & Letter 6475. My husband and I EACH receive a letter. We file jointly. The question on Turbo Tax make it sound like the letter is addressed to both parties; not individually which caused me to pause and dig for the proper information to report correctly,

xmasbaby0

Level 15

The IRS sent separate letters 6475 to each spouse even if you filed jointly last year. For some people receiving $1400 per person is memorable enough that they do not have to dig, but apparently lots of people forgot. You can check your own bank records for the $1400 deposits and/or check your online account with the IRS if you are not sure how much you received sometime from mid-March onward for the 3rd stimulus checks. Entering the amount correctly is important or your refund will be delayed. The IRS checks line 30 and if there is an amount there for a payment you already received, they reduce your refund.

https://www.irs.gov/payments/your-online-account