Glossary

CP58 Notice

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The CP58 notice is sent by the IRS to inform taxpayers that they may be eligible for the Earned Income Credit (EIC) based on the information provided in their tax return. This notice serves to prompt taxpayers to review their eligibility and claim the credit if applicable.

Key points about CP58:

The notice outlines the potential benefits of claiming the EIC, which can significantly reduce tax liability and increase refunds.
Taxpayers are encouraged to verify their eligibility by reviewing their income and the number of qualifying children.
The notice may provide instructions on how to claim the credit on their tax return.

Receiving CP58 can help taxpayers maximize their refund potential by ensuring they take advantage of available credits.

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