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New Member
posted Apr 11, 2021 3:28:41 PM

difference in numbers

Spoiler
I printed out my taxes after filing and being accepted by IRS. it shows a balance due and the voucher to pay, I opened up my taxes online before sending off the pmt and it shows a refund due,why?

0 1 95
1 Replies
Expert Alumni
Apr 11, 2021 3:47:34 PM

Did you report unemployment? Did you need to repay any premium tax credit? 

 

There was a recent tax law change and up to 10,200 of unemployment is now non-taxable. Any over-payment of premium tax credit does not need to be paid back. 

 

TurboTax is adjusting for this since the IRS does NOT want returns to be amended, they will adjust for the unemployment and premium heath credits on returns already filed.  

TurboTax is adjusting the returns so that they will be accurate next year. 

 

Look at schedule 1 for a subtraction to unemployment.