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If you indicated that you did not receive the 3rd stimulus payment but you actually did receive the payment, the IRS knows the payment was sent to you and will remove the Recovery Rebate Credit of $1,400 from Line 30 of the Form 1040 and adjust your tax refund or the taxes owed accordingly.
You do not need to amend the 2021 tax return.
That's what I figured so I'm not understanding why they only sent me like 389 out of my 1729? It's not making any sense. I just got the 1040x to amend this mistake since I couldn't do it here on Turbotax, but line 30 is completely different on that form. There is no way to indicate that particular line was a mistake, if we were even responsible! How am I supposed to know what they took that money for? They give you a list of reasons but give you no indication what the actual reason is as if that's ok!
if you expected your refund to be $1739 and all they sent was $389, that difference is $1350.
what was on Line 40 originally? I suspect $1400 and the IRS removed that and somewhere with the fees due to TT, the net difference comes out to $1350.
does that math work?
YOU DO NOT HAVE TO AMEND LINE 30 - the IRS had taken care of that for you.
Ok ... you cannot amend if the IRS removed the credit from your return. Instead you have to put a trace on the missing payment ...
If you did not receive the third stimulus payment and the IRS has on file that you did, then you should start a payment trace.
To start a payment trace:
Thank you DoninGA for your reply. My 2021, 1040 Tax Return calculated by Turbo Tax also had an amount of $1400.00 on line 30, the Recovery Rebate Credit my spouse and I received. The IRS removed that from the credits line 30 and direct deposited what Turbo Tax had calculated we would get, LESS the $1400.00. So, if I understand you correctly, the IRS fixed the error that Turbo Tax made in adding the rebate to line 30 in the first place and nothing more needs to be done because we got the refund we should have if Turbo Tax had NOT made this error. So, HURRAH for the IRS sending us the correct amount so we don't have to amend our return, but what about Turbo Tax's duplicity with the error in the first place. When you pay as much as we do for the tax program (it's complicated) you expect accuracy not errors. I would like to know how I can contact Turbo Tax for a refund based on the fact they screwed up. How can I contact Turdo Tax customer service?
@Was Prof Tax Preparer - let's go back to your tax return, because I see a LOT of folks who made this same mistake - The IRS made this confusing for those filing a joint return.
you and your spouse EACH should have received Letter 6475 confirming how much you received. When TT asked how much you received on Letter 6475, you were supposed to ADD BOTH LETTERS together.
So you should have entered $2800, which would have meant Line 30 would have been zero. Did you enter $1400 which made Line 30 $1400?
Did you realize there were two letters and they were not a duplciate (even though each letter stated $1400?). One letter should have been addressed to you and one addressed to your spouse.
does that help? is that what occured? TT's software worked correctly, but is dependent on taxpayers entering the correct amounts.....
@CaliQ209 Look at your IRS online account if you want to see EIP payments, etc. the IRS shows for you.
https://www.irs.gov/payments/your-online-account
As this is an old post, can you clarify what your question is? Do you need help amending your return?
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