Did you receive an Economic Impact Payment (EIP)? Tens of millions of Americans were sent EIPs to help defray the financial impact brought by COVID-19. If you received an EIP in a check, direct deposit or prepaid debit card, you should’ve also received a letter about 15 days later informing you that a payment was made, how it was made, and what to do if you didn’t receive it. This letter, (Notice 1444) should be kept with your 2020 tax records, for at least three years. Retaining this notice is especially important if your EIP was wrong. If so, when you file your 2020 tax return, you can refer to your Notice 1444 and claim additional credits if you’re eligible. Contact us with questions. Call or visit our website for more information! www.mjscpa.com/
