TSCPA News

IRS Revises Third-Round Economic Impact Payment FAQs

March 25, 2022

The IRS recently updated its frequently asked questions (FAQs) on the third-round Economic Impact Payment.

The revisions cover the following topics:

  • Third-round Economic Impact Payment — Topic A: General Information
  • Third-round Economic Impact Payment — Topic B: Eligibility and Calculation of the Third Payment
  • Third-round Economic Impact Payment — Topic C: Plus-Up Payments
  • Third-round Economic Impact Payment — Topic D: EIP Cards
  • Third-round Economic Impact Payment — Topic E: Requesting My Payment
  • Third-round Economic Impact Payment — Topic F: Social Security, Railroad Retirement and Department of Veterans Affairs benefit recipients
  • Third-round Economic Impact Payment — Topic G: Receiving My Payment
  • Third-round Economic Impact Payment — Topic H: Reconciling on Your 2021 Tax Return
  • Third-round Economic Impact Payment — Topic J: Payment Issued but Lost, Stolen, Destroyed or Not Received

The IRS stated that these FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.