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Level 3
posted May 16, 2023 12:47:10 AM

Feds paid more than I thought for my 2022 tax refund, then took part of it back - anyone have that happen?

After using TurboTax, I got back a tax refund for my 2022 Federal taxes but it was for more than I thought. When I looked at the Fed account transcript, they issued it for amount A. Then they subtracted amount B so it matches the refund amount C, the amount I thought I would get back. They called B Interest credited to my account. It's as though I made another estimated tax payment B. Does that mean they made a mistake on the refund and took back B so I would only have C, the original refund amount?

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1 Replies
Level 15
May 16, 2023 3:49:16 AM

You would have to ask the IRS to explain what happened on the transcript which can be confusing for many reasons and is really meant for the IRS use only.  In the end if you were to get refund A and you got refund A then just be happy.