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Finally got refund but...

I filed my return through TurboTax very early on. Shortly after I filed the law changed regarding the 10.2 k taxable on employment wages. Upon going back into TurboTax I noticed my refund grew by about 1K due to the fact this was no longer taxable.

 

I'll make up some numbers here. TurboTax originally said I was getting 5,500 back. I electronically filed. I never received a refund. A week or two later after hearing about the law change I went back into Turbo tax to see if I needed to refile.  It said I was now entitled to a 6,500 refund. I still never received a refund. Yes there was talk about the IRS running behind and how they were handling the law change.

 

I finally...yesterday...got my refund... $5,000. It was neither the 5500 I originally claimed nor the 6500 that should be adjusted. How do I know exactly how they figured the $5,000? Did I have something wrong in TurboTax at the adjusted down? Does this include the extra $1,000 I was supposed to get back after the law changed?  Will they send me a letter in the mail explaining why the adjusted it down and what is included? Since I electronically filed through TurboTax is TurboTax somehow involved in explaining this to me?  

 

Bottom line I don't know if this is my full refund and adjusted initial refund with more to follow my final refund...?

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4 Replies
rjs
Level 15
Level 15

Finally got refund but...

The IRS will send you a letter explaining what they did. You might not get the letter until a few weeks after you received the refund.


TurboTax gets no information from the IRS about adjustments to your return after it's filed. All that TurboTax does is transmit your tax return to the IRS. Once the return is accepted, TurboTax has no further involvement.

 

Finally got refund but...

IRS doesn't do refunds in parts.

What you see is the adjustment made by the IRS and that's that.

 

If your tax return was wrong for other reasons, you can still amend and correct that.

Expect an eight month or longer wait for any result.

Finally got refund but...

you're right, since the amounts are not expected, you can't tell if it's your original filing's refund, or the UE adjusted refund until you see the IRS letter.

Finally got refund but...

It is unusual but this year you may get the original refund and then the extra corrected amount for the Unemployment change later in a separate check.  Missing $500 even sounds like the stimulus credit correction for line 30 of the 1040 ... $500 was the amount for a child on the first stimulus payment so did you enter the wrong amount received on the first go around?   If so the IRS caught the error. 

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