Economic Impact Payment
You may soon be receiving a letter in the mail about your 3rd economic impact payment. If so, don’t throw it away – at least scan it and send it to your accountant for your 2021 tax return.
The EIP is currently neither taxable nor required to be paid back, but the amounts still need to be confirmed. Plus, if you’re eligible for more in 2021, then this letter will help confirm the amount due.