Third Payment for Economic Impact
In 2021, the IRS sent out over 175 million stimulus checks to eligible Americans. The third stimulus payment was $1,400 and should be reported on your taxes, despite the fact that it is not taxable. More information can be found here.
You might have received IRS Letter 6475, which was mailed out in early 2022. It was sent to ensure that you received your stimulus check and “plus-up payments.”
If you are having a professional prepare your taxes, include the letter with your other tax documents. Use the amount shown on Letter 6475 in the Recovery Rebate Worksheet if you are filing them yourself. Line 30 of IRS Form 40 should be filled out with that information.
Do not file an amendment return if you have already filed your 2021 tax return and discovered that you misreported your stimulus payments. According to the IRS, they will correct the errors and notify you.