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New Member
posted Feb 16, 2020 4:54:07 AM

Hey so yesterday I got a deposit but it way WAY off should I be worried

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2 Replies
Level 3
Feb 16, 2020 5:32:58 AM

The same thing happened to my son...we believe it is his student loans that they garnished...waiting for IRS to send a letter in the mail. 

Intuit Alumni
Feb 16, 2020 8:44:22 AM

If your IRS-issued tax refund comes in around $35 or $40 less than the amount shown in TurboTax, it's probably because you used the Pay With My Refund service to pay your TurboTax fees. There's a separate processing fee for this service, which is deducted from your federal refund in addition to your TurboTax fees.

Please see this TurboTax FAQ on why your direct-deposit refund or check may be lower than what you expected: https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594.The IRS will send you a letter of explanation when your refund is less than you expected you can also get this information by looking up your refund at the IRS Where's My Refund page.

If this is for a state refund please contact your state Department of Revenue