January 18, 2022

IRS stimulus check 3 timeline update: Note letter 6475

After President Biden de US bailout law in March 2021, taxpayers across the country were excited by the news that they would receive a $1,400 stimulus check from the Internal Revenue Service (IRS) as part of its ongoing pandemic relief effort.

But for many eligible recipients, the checks never arrived, either due to clerical errors, strange disturbances within the IRS system, or just plain old administrative omissions. Some would-be recipients spent months interacting with other taxpayers in Facebook groups, sharing the always jammed IRS phone lines, and even contacting their local representatives in Congress to no avail. In the end, many simply gave up hope that they would ever see the money they owed.

Now that tax season has started again, you have one last chance to get paid – by claiming your third Economic Impact Payment on your 2021 taxes. It’s called a Recovery Rebate Credit, and this is the second year in a row that tax forms will include an option to claim one.

In fact, the IRS will tell you if you qualify so you don’t have to guess. The agency said last month that it will send all recipients of the third stimulus check a paper letter (Letter 6475) that will help them determine whether they can claim the Recovery Rebate Credit. For example, if this letter states that you received a payment but never did – or only received part of it – you should be able to claim the missing part. This also applies to additional payments made later in the year to people whose tax situation has changed, the so-called multiplication.

The IRS says it will send these letters by the end of January (though be warned: it is known that missing its own estimated timelines in the past), so keep an eye out for them in your mailbox, and don’t throw anything from the IRS in the trash. The 2022 tax season officially begins on January 24.

Most Americans who were eligible for the third stimulus check eventually received it. However, many were caught up in the sometimes messy rollout of payments for months. if Fast company reported in October, some taxpayers were ineligible for the payments after an IRS error incorrectly identified them as residents of U.S. territories. We have since heard of some taxpayers in that situation who have finally received their checks.

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