In 2021, the IRS began sending out two new letters. Letter 6419 was issued to people who received the 2021 monthly advance Child Tax Credit Payments and Letter 6475 was issued to people who received a stimulus payment in 2021. If you received either of those, you will need these forms to file your 2021 income tax returns – don’t throw them out!
Letter 6419, 2021 Advance Child Tax Credit (CTC): If you received monthly CTC payments in 2021, you should have received this letter from the IRS in January 2022. If you filed as married filing jointly on your prior year tax return, then both you and your spouse receive a Letter 6419.
This letter has the total amount of advance Child Tax Credit payments you received from July 2021 to December 2021. The IRS will use this number to help reconcile your advance Child Tax Credit payments – basically to make sure you got the right amount. If you should have gotten higher CTC monthly payments, you will get that additional money as part of your refund. If you received too much in CTC payments, you may owe that money back at tax time.
Letter 6419 Example
Letter 6475, Your Third Economic Impact Payment: This letter will have the total amount of your stimulus payment you received in 2021. If you didn’t get the full stimulus amount you were eligible for, then you may be able to claim those dollars through the Recovery Rebate Credit on your 2021 tax return. Letter 6475 has all the info you need to report the correct amount of the third stimulus you received and understand if you are eligible for additional stimulus dollars and how much. If you and your spouse are filing a married filing joint return you will need to add the amounts from both your letters when completing your tax return.
TurboTax has specific guidance to help you easily report your 2021 advance Child Tax Credit payments and your third stimulus payment to ensure you can claim the additional credits you are eligible for on your 2021 income tax return.
No matter what moves you made last year, TurboTax will make them count on your taxes. Whether you want to do your taxes yourself or have a TurboTax expert file for you, we’ll make sure you get every dollar you deserve and your biggest possible refund – guaranteed.
Letter 6475 Example
Frequently Asked Questions (FAQs)
Q: My spouse and I both got a Letter 6475, how much do I input when filing my taxes?
A: The Letter 6475 confirms the total amount of the third stimulus check (Economic Impact Payment) and any plus-up payments you received for tax year 2021. For taxpayers filing a joint return, each spouse will receive their own letter showing half of the total amount. Therefore, if you file married filing a joint return, you will need both letters when filing your tax return as both amounts will need to be added together. If you file separate 2021 tax returns, each of you must enter the amount as shown on your Letter 6475.
Q: I did not receive my Letter 6475, is there any other way to get this information?
A: If you did not receive your Letter 6475, you can check Your IRS Online Account to securely access your individual IRS account information. The amount of your third Economic Impact Payment is shown on the Tax Records page under the section “Economic Impact Payment Information”. If you and your spouse received joint payments, each of you will need to sign into your own account to retrieve your separate amounts.
Q: My spouse and I both got a Letter 6419, how much do I input when filing my taxes?
A: Married filers, you both will receive your own IRS Letter 6419. If you are married filing a joint tax return, you will need both letters when filing your tax return as both amounts will need to be added together on your tax return.
Q: I did not receive my Letter 6419, is there any other way to get this information?
A: If you did not receive your Letter 6419, you can check Your IRS Online Account to securely access your individual IRS account information. In your IRS Online Account you will be able to get your advance Child Tax Credit payment total and number of qualifying children.