If you did not receive the full amount of EIP3 before December 31, 2021, claim the 2021 Recovery Rebate Credit(RRC) on your 2021 Form 1040, U.S. Individual Income Tax Return, or Form 1040-SR, U.S. Income Tax Return for Seniors.
The 2021 RRC amount was $1,400 (or $2,800 in the case of a joint return), plus an additional $1,400 per each dependent of the taxpayer, for all U.S. residents with adjusted gross income up to a phase-out threshold of $75,000 ($150,000 in the case of a joint return or a surviving spouse, and $112,500 in the case of a head of household), who are not a dependent of another taxpayer and have a work eligible Social Security number (SSN).
Married taxpayers filing jointly, where one spouse has a work eligible SSN and one spouse does not, are eligible for a payment of $1,400, in addition to $1,400 per each qualifying dependent with a valid SSN or Adoption Taxpayer Identification Number issued by the IRS. The rebate amount is phased out above certain income levels.
Letter 6475
The IRS issued 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. It provided the total amount of the third Economic Impact Payment and any plus-up payments received for tax year 2021. Important note: For married individuals filing a joint return, each spouse received their own letter showing half of the total amount.
See the IRS’s Recovery Rebate Credit page for more information about the credit and how to claim it on a 2021 income tax return.
