3rd Stimulus Payment

Forum|Forum|4 years ago
February 4, 2022
3 replies
13 views

With our adjusted gross income, Turbo Tax indicated that my spouse and I are eligible for a third stimulus payment of $2,800, however, we received a payment of $2,100 each in March of 2021. I am at the section of "other tax situations" and Turbo Tax is asking if the eligible amount of $2,800 match the amount on the Letter 6475 received from the IRS. I answered no, but next I am asked to "Enter the exact payment, as it appears on your letter 6475 from the IRS". The question is do I enter a combined amount from both of the letters ($4,200) or just one? ($2,100).

xmasbaby0

Level 15

The third stimulus was $1400 per person. How did you and your spouse each receive $2100? Are you confusing that with something else? Check your bank records. Did you have any dependents claimed on your tax return?

**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.**

lalek81Author

Level 2

Is the amount on letter 6475 or the amount on notice 1444-C the correct one?

DoninGA

Level 15

You must have received something else other than the 3rd stimulus payment. The 3rd stimulus payment was $1,400 each for you and your spouse if filing as Married Filing Jointly and $1,400 for each dependent on your tax return.

Did you receive any advance child tax credits for dependent children in 2021?

The IRS Letter 6475 actually shows you receiving $2,100?

lalek81Author

Level 2

Letter 6475 indicates $2,100 and we did not receive any advance child tax credit for dependent children because we have none. I am also looking through our bank statements, trying to check exactly how much was deposited to our account.

DoninGA

Level 15

@lalek81 wrote:

Letter 6475 indicates $2,100 and we did not receive any advance child tax credit for dependent children because we have none. I am also looking through our bank statements, trying to check exactly how much was deposited to our account.

From the IRS website - https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-g-finding-the-third-economic-impact-payment-amount-to-calculate-the-2021-recovery-rebate-credit

Your Notice 1444-C, Your Third Economic Impact Payment, which shows the amount of the third payment. If you received joint payments with your spouse, the letters show the total amount of each payment. If you file separate 2021 tax returns, each of you must enter half of the amount of the payment shown on Notice 1444-C. Individuals who received plus-up payments received a separate Notice 1444-C after your payment was issued.
Letter 6475, Your 2021 Economic Impact Payment(s). In January 2022, we'll send this letter confirming the total amount of the third Economic Impact Payment and any plus-up payments you received for tax year 2021. If you received a joint payment with your spouse, the letter shows the total amount of payments. If you file separate 2021 tax returns, each of you must enter half of the amount of the payment shown on Letter 6475.

alandsb01

Level 2

The IRS Letter 6475 shows only the amount that you received. Your spouse should have received an identical letter. If you received $4200 together, then it means you had a dependent on your 2019 or 2020 return and received an additional $1400 ($700 each) for the dependent. You should enter $4200 for the full amount and correct calculation.

Hope that helps!

newusernameagain

Level 5

I file a joing return and have one dependent. We received a single $4200 Stimulus Payment in March 2021. My wife and I each received Form 6475 saying we received $2100 each which was confusing since we thought ithe payment was only for $1400 each.

Its as though they arrived at the $2100 by splitting my dependent daughter's $1400 into $700 for my wife and me so that we each received $1400 + $700 = $2100.

I think this agrees with what happend to the OP and now makes sense.

ArchesNationalPark

Level 4

Our third stimulus check was for $4200, which is $1400 each of us and $1400 for our then dependent (based on 2020 filing). In my husband's and my IRS accounts, it shows we each got $2100, same as the OP. For 2021, our adult child is no longer a dependent. When TT asks about the 3rd stimulus payment we received, do we put $4200 on ours and $0 on his, or $2800 on ours and $1400 on his, which is what the reality is, but not what our individual IRS records show. Thanks for any insight.