Don’t Throw Away These Letters From the IRS


The Inside Income Service has began sending letters to taxpayers who obtained advance Baby Tax Credit score (CTC) funds or the third spherical of stimulus checks. Should you obtained each or both of those funds, regulate your mailbox and maintain onto these IRS letters! They are going to make it easier to file an correct earnings tax return this submitting season.

Letter 6419 for advance CTC recipients

The IRS started sending Letter 6419 to advance CTC cost recipients in late December and can proceed mailing these letters into January.

What’s Letter 6419?

Should you obtained any advance Baby Tax Credit score funds throughout 2021, Letter 6419 will let you know the whole CTC quantity you obtained and what number of qualifying kids have been used to find out the funds.

Should you obtained an excessive amount of or not sufficient CTC funds, Letter 6419 will make it easier to rectify any inaccurate quantities when submitting your 2021 return. Should you have been overpaid, you could have to repay the surplus CTC funds; in the event you weren’t paid sufficient, it is possible for you to to say an extra credit score quantity.

Likewise, in the event you didn’t obtain any CTC funds regardless that you certified for them, it is possible for you to to say the total Baby Tax Credit score quantity you qualify for once you file.

What ought to I do with my advance Baby Tax Credit score letter?

Preserve this letter together with your tax information. Should you obtained advance CTC funds, you will have this doc to match the quantity of credit you obtained to the quantity you’ll be able to appropriately declare in your 2021 tax return.

Briefly, Letter 6419 will help in ensuring you obtain the total quantity of the Baby Tax Credit score you qualify to say.

Letter 6475 for Financial Influence Cost recipients

The IRS plans to begin sending Letter 6475 in late January. This letter is for recipients of the third Financial Influence Cost (stimulus cost) that started in March of 2021.

What’s Letter 6475?

This letter solely applies to the third spherical of stimulus funds. Should you obtained the third stimulus cost in 2021, Letter 6475 will make it easier to decide in the event you qualify to say the Restoration Rebate Credit score in your tax return.

What’s the Restoration Rebate Credit score?

The third stimulus cost was basically an advance cost of the Restoration Rebate Credit score.

Whereas most individuals obtained their third stimulus examine in 2021, some Individuals solely obtained a partial cost or by no means obtained their entitled stimulus cost because of the IRS not understanding their up to date tax state of affairs.

If you’re lacking all or a part of your third stimulus cost, you’ll be able to declare the quantity as a Restoration Rebate Credit score in your tax return this 12 months. Claiming this tax credit score will cut back any taxes you owe or just add the quantity to your tax refund.

What ought to I do with my Financial Influence Cost letter?

You need to maintain this letter together with your tax information that can assist you decide if it is advisable declare all or a part of the Restoration Rebate Credit score in your 2021 tax return.

You may brush up on the IRS’s adjusted gross earnings (AGI) eligibility thresholds for the third stimulus cost right here.

Simplify your 2021 tax return

Planning forward makes submitting your taxes simpler. Should you obtained advance CTC funds or obtained funds from the third stimulus cost, regulate your mailbox for Letters 6419 and 6475 — and don’t throw these info letters away!

As filers start tax preparation for 2021, ensure to assemble these paperwork in the event you obtained them from the IRS. Referring to those letters will streamline your tax submitting expertise and help you in submitting probably the most correct federal earnings tax return.

TaxAct® is right here to assist

Whereas these letters are new and could also be complicated, TaxAct® will help information you thru the method. Should you qualify for the Baby Tax Credit score or Restoration Rebate Credit score, TaxAct will mechanically ask for info from these letters to make sure you get each greenback you deserve in each circumstances.


All TaxAct presents, services and products are topic to relevant phrases and situations.



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