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Level 2
August 28, 2020
Question

Something odd with refund status

  • August 28, 2020
  • 1 reply
  • 5 views

In our case, we electronically filed a joint return on June 17 using TurboTax Deluxe and received a followup email the same day, stating that it had been accepted by IRS. When I check our refund status on the IRS.gov site, it still shows that it is in progress. OK, we continue to wait for the logjam to clear. However,  even though the refund is in progress, we received a deposit to our bank account, identified as a refund from IRS, on August 18. The amount deposited is much lower than the amount to be refunded on the accepted return, about 1% of the expected refund. This type of discrepancy has never happened before. If anyone who reads this has some insight as to what is going on, feedback much appreciated. Thank you.

    1 reply

    groesiAuthor
    Level 2
    August 28, 2020

    I believe I just answered my question by digging further on the IRS website. On August 18, IRS sent refund interest payments separately from any refund already paid or still due the taxpayer: https://www.irs.gov/newsroom/13-point-9-million-americans-to-receive-irs-tax-refund-interest-taxable-payments-to-average-18-dollars.  

    VolvoGirl
    Level 15
    August 28, 2020

    Are you sure you haven't received the original refund?  They wouldn't send the interest until after the refund got sent.  Were you having the Turbo Tax fees deducted from your refund?  

    VolvoGirl
    Level 15
    August 28, 2020

    Hmmm, guess that does say interest on refund that will be paid.  That's weird they send the refund first.  How do they know the date to pay it though?