IRS sent a letter noting an error in a tax calculation for Line 30 (1040SR) showing our stimulus check received as a federal Tax Payment. We owe a Tax amount of $1384

[robert53--tax]

Instead of a refund of $1416, We owe $1384 in tax (plus a penalty) The difference in the stated refund amount

[DoninGA]

If your refund is short $2,800 then that is because you said you did not receive the 3rd stimulus payment and the IRS has records that show you were sent the 3rd stimulus payment so they removed the $2,800 Recovery Rebate Credit that was entered on Form 1040 Line 30.

Go to this IRS website for your tax account to see if the 3rd stimulus payment is entered - https://www.irs.gov/payments/your-online-account
If you are Married Filing Jointly also check your spouse's tax account.

If you checked your bank account in the March - May 2021 timeframe and there is not a $2,800 EIP3 payment from the IRS then go to this IRS website for how to start a trace on the payment - https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-j-p...

[robert53--tax]

We in fact did our 3rd stimulus check for $2800. Which we will have to pay back, As it was applied as a credit to our Federal Tax payments! My next question would be-Do we have to file an "Amended" Federal Tax Return or just make the Payment as per the IRS instructions?

Thanks, Bob & Sue Langus

[DoninGA]

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@robert53--tax wrote:

We in fact did our 3rd stimulus check for $2800. Which we will have to pay back, As it was applied as a credit to our Federal Tax payments! My next question would be-Do we have to file an "Amended" Federal Tax Return or just make the Payment as per the IRS instructions?

Thanks, Bob & Sue Langus

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You only have to pay the taxes owed as described in the IRS letter.