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Level 2
April 3, 2024
Question

Federal Refund $55 Less

  • April 3, 2024
  • 4 replies
  • 25 views

So I just got my federal refund deposited and it is exactly $55 less than what was listed on my return. I understand there are very likely TurboTax fees that I paid but where can I see a breakdown of those fees to see that they indeed add up to $55.

    4 replies

    Level 15
    April 3, 2024
    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    Level 2
    April 3, 2024

    Yeah. I don't have those options at all. I am logged into my TurboTax account and I need to see file nor tax tools. When I go to my products and payments I show that I paid $25 to file federal and that's pretty much it. So where is the $55 coming from?

    Level 15
    April 3, 2024

    @Terrapin69

    My next best guess--since we have no access to your account information:

     

     Did you use the CD/download software?   If you used the desktop software there would have been a fee to e-file the state return.  Some users purchased the CD/download with a $10 discount on the $25 state e-file fee so it would have been $15---and then if you chose to pay that fee by having the fee deducted from your federal refund, you agreed to pay a $40 "refund processing fee" to the third party bank that received the refund from the IRS, took out the $15 for TT, collected its own $40, and sent you the rest.    Choosing to pay the state e-file fee using a credit or debit card would have avoided that refund processing fee.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**