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Level 1
February 18, 2022
Question

2021 Economic Impact payment $1,400

  • February 18, 2022
  • 24 replies
  • 99 views

I received a notice from IRS about Economic Impact Payment of $1,400     I donot understand why I received it,  I only the first Im

    24 replies

    KrisD15
    Level 15
    February 18, 2022

    Do you mean you don't understand why you received the letter or you don't understand why you got the payment?

     

    The letter is telling you that according to their records, they sent you a 1,400 Economic Impact Payment.

    If you don't recall getting it, look over your bank statements, it could have been direct deposited. 

     

    When you do your 2021 tax return, the program will ask how much you already received. If you already received what you should have gotten, there is no impact on your tax return. 

    If you did not get the full amount, the difference will be added to your refund (or subtracted from tax you owe)

     

     

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    Level 2
    February 20, 2022

     I did file taxes this year and got the letter. I realized that I did get the $1400 dollars but now my fed tax return subtracted the 1400 dollars. Is there a way to get this money back?

    Alumni - Intuit
    February 20, 2022

    It you received the $1,400 third stimulus payment, then you can't another $1,400 when you file your tax return. It's one $1,400 payment per person.

     

    If the IRS received your return and subtracted $1,400 from your refund, that's correct because you already received your stimulus payment.

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    Level 2
    February 24, 2022

    I received a letter stating that I received 1400 but I never received a check or deposit. How should this be reported?