VALID › Notice Library › Letter 6475
In the IRS’s own words · not reviewed by VALID
6475 letter explained, in the IRS’s own words
The IRS began issuing letter 6475, Economic Impact Payment (EIP) 3 End of Year, in January 2022.
Read the full 6475 page on irs.gov ↗
What this letter is about
The IRS began issuing letter 6475, Economic Impact Payment (EIP) 3 End of Year, in January 2022.
This letter helps EIP recipients determine if they’re eligible to claim the Recovery Rebate Credit on their 2021 tax year returns. This letter provides the total amount of the third Economic Impact Payment and any plus-up payments received for tax year 2021. For married individuals filing a joint return, each spouse will receive their own letter showing half of the total amount.
Letter 6475 only applies to the third round of EIP issued between March 2021 and December 2021. This includes “plus-up” payments.
Plus-up payments were additional EIP 3 payments the IRS sent to people who:
- Received a third Economic Impact Payment based on a 2019 tax return or information receive from Social Security Administration, Railroad Retirement Board or Veterans Administration, and
- Were eligible for an additional amount based on their 2020 tax return
Most eligible people already received the full amount they are entitled to receive. Anyone who did not receive the full amount they are entitled to should review the payment information to determine whether they should claim the Recovery Rebate Credit for tax year 2021.
2021 tax year information
The IRS is streamlining where we store information you need to file your 2021 tax return. For married individuals filing a joint return with their spouse, each spouse will need to log into their own Online Account for their portion of the total payment.
Your Online Account includes summaries for the:
- Third Economic Impact total payment amount
- Advance Child Tax Credit total payment amount
We updated Online Account with the third Economic Impact Payment at the end of January – in time for the 2021 tax return filing season.
What to do next
- Write down the date on the letter today.
- Look the number up on irs.gov yourself. Don’t trust a link or phone number from anyone else.
- If it says you owe money or proposes changes to your return, take it to a licensed CPA, EA or tax attorney before that date.
Not advice. Not a filing. Verify with a licensed professional. Rules change by year and facts.