To Our Valued Clients and Friends,
- Letter 6419: This letter will contain the amount of Advanced Child Tax Credit payments received by the taxpayer for 2021 and the number of qualifying children used to calculate the advanced payments.
- Letter 6475: This letter will contain the amount of Economic Impact Payments received by the taxpayer for 2021, including initial payments and any “plus-up” payments received.
“Plus-up” payments were additional payments the IRS sent to taxpayers who received a third Economic Impact Payment based on a 2019 tax return or information received from the Social Security Administration, Railroad Retirement Board or Department of Veterans Affairs. Plus-up payments were also made to taxpayers who may have been eligible for a larger payment based on their 2020 tax return.
WHAT SHOULD YOU DO WITH THESE LETTERS?
If you have any questions or concerns, please do not hesitate to contact us.
Wishing You a Safe and Healthy New Year,