What should I do, If I am getting 10$ more than expected federal refund. Initially I should get 7848$ but I am getting 7858$ refund. Should I contact to IRS regarding this or they made some changes on my federal taxes?
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The IRS will send you a letter explaining what the change was on your return. The IRS does correct minor mistakes on a return. It can take 3 to 6 weeks to receive.
It could be interest if they held up your refund. In that case, they will send you a 1099-INT form, which you would claim on your 2023 return (filed in 2024)
The IRS will send you a letter explaining what the change was on your return. The IRS does correct minor mistakes on a return. It can take 3 to 6 weeks to receive.
It could be interest if they held up your refund. In that case, they will send you a 1099-INT form, which you would claim on your 2023 return (filed in 2024)
They might have paid you interest on it. Then the interest will be taxable next year so keep track of it. The IRS should send you a letter saying if they changed anything. Don't know if they send a letter just for interest.
So basically I should expect some letter from IRS within 3_6 weeks!? If I don't receive then I should contact IRS call center!? But for now I don't need to do anything from my end!?
I am only worried because in the end If they come up with some audit and charge me compound interests on a daily bases of all the days!
Just thought of something. Do you have an amount on 1040 line 38 for an estimated penalty? They may have reduced that. I had a penalty once even though I had a refund.
I don't have any estimated penalty on 1040 line 38.
@xyzabc Unfortunately, only the IRS knows what changed. You can call then to see if they can let you know what they changed.
Here's how to get through to a representative:
I wouldn't expend any time, effort, or stress over $10. The IRS is not going to audit you for $10, especially since it was their decision to send it to you. Wait and see if you get a letter. And if you don't get a letter, just forget about it.
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