229566
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

JDH1
New Member

I received a refund on the taxes I paid to the fed. Why?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I received a refund on the taxes I paid to the fed. Why?

FYI ... the IRS will send a letter of explanation in the next couple of weeks however the probable reason is the late changes in the underpayment penalty calculations ... the % was reduced twice from 90 to 85 to 80 ... so for those who filed early they are rebating all or a part of the penalty ... look on the form 1040 line 23. 


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question