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

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

IRS changed refund amount.

The IRS adjusted the amount of my refund (+11.43). Do I adjust the value in the Turbo Tax 2020 return or do I have to remember this and make the adjustment in the 2021 return?

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.

2 Replies

IRS changed refund amount.

Since it includes cents that is probably interest they paid you due to the delay in the processing ... it is taxable interest and they should send you a notice in January as a reminder to include it on the 2021 return. 

IRS changed refund amount.

Thank you for the very prompt reply. It does make sense that is the interest generated from the refund. I have never had a delay in receiving a refund before, so I have never seen an interest payment. I'll be on the lookout for the documentation from the IRS and add it to the folder for my 2021 taxes.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies