calculation error

Forum|Forum|2 years ago
May 11, 2024
1 reply
8 views

Greetings

I used TurboTax Online (Small Business), and have been using the Online version for years, generally happy with it. However this year, there was a vast difference between the 2023 TurboTax BALANCE DUE and the CRA BALANCE DUE, which was explained on the CRA Notice of Assessment as: "We changed your total payable ... because of a calculation error."

If there were errors in the TurboTax calculations, and I made no calculations, but merely input numbers from my spreadsheets... then, this is something that needs correcting for next year! The miscalculation was an unpleasant surprise of more than $600. Thankfully, I was able to catch it and pay it before the April 30th deadline, so I didn't happen to incur any CRA penalties.

Can U shed any light on this?

Thanks.

TurboTax Online Self-Employed

luxravenAuthor

Level 2

Please Note: This looks like a similar issue to the "Turbotax Errors" question from BobC .

Yes... What is being done about this?

Many thanks.

brenda_watson

Level 6

We guarantee our calculations are 100% accurate.*
If you pay a penalty because of a TurboTax calculation error, we'll reimburse you the penalty and interest.
Does not include calculation errors due to errors in CRA tables.

How do I submit a claim under the TurboTax 100% Accurate Calculations Guarantee?

Thank you for choosing TurboTax.

lowebowski

Level 2

Hi Brenda,

I am experiencing the same issue as CRA is telling me Turbotax incorrectly calculated my return numbers and that my assessment is about $850 higher than reported by TurboTax. This is obviously very upsetting, especially as they are unable to tell me where the error is. Is this something you can assist me with?