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Filed 2020 taxes using turbotax. The IRS deducted my 2020 stimulus from my refund, why?

According to turbotax my refund should have been 2400.00 higher than what the irs refunded me
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2 Replies
DanaB27
Expert Alumni

Filed 2020 taxes using turbotax. The IRS deducted my 2020 stimulus from my refund, why?

It seems the IRS had records that showed you received the stimulus payments.

 

If you received Notice 1444 in the mail but have not received your payment as mentioned in the notice, then you need to request a trace to be able to claim the Recovery Rebate Credit on your 2020 tax return. Please see How do I request a payment trace to track my first or second Economic Impact Payments?

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Filed 2020 taxes using turbotax. The IRS deducted my 2020 stimulus from my refund, why?

There has been a lot of confusion with the recovery rebate credit.   When you prepared your 2020 return did you enter the amount that you had already received?   Did you receive $2400 last year when the first  stimulus checks went out?   The IRS cross checks for stimulus money that you already got, and if you said on your return that you did not get it, they take it away from your refund.

**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.**
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