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Level 1
April 30, 2022
Question

Why would the IRS adjust my refund, if turbo tax said it was all correct?

  • April 30, 2022
  • 2 replies
  • 8 views
All of our estimates matched up from our side and the IRS side

2 replies

Alumni - Champ
April 30, 2022

TT does not know if, for example: you made a data entry error, forgot to claim some income, or misclaimed a deduction/credit.  Lots of folks have made mistakes when answering the questions about receiving the stimulus or Child Tax Credit, so the IRS has been adjusting for those.

 

The IRS will be mailing you a letter in 2-4 weeks.  They do not notify TT.

Mike9241
Level 15
Level 15
April 30, 2022

Turbotax says it's correct based on your entries.   the IRS is saying something you entered is wrong or you didn't enter something. the IRS will send you an explanation.

 

Mike9241