Getting 10$ more refund from federal

[xyzabc]

What should I do, If I am getting 10$ more than expected federal refund. Initially I should get 7848$ but I am getting 7858$ refund. Should I contact to IRS regarding this or they made some changes on my federal taxes? 

[bluedeb · Accepted solution]

The IRS will send you a letter explaining what the change was on your return.  The IRS does correct minor mistakes on a return. It can take 3 to 6 weeks to receive.

It could be interest if they held up your refund.  In that case, they will send you a 1099-INT form, which you would claim on your 2023 return (filed in 2024)

[VolvoGirl]

They might have paid you interest on it.  Then the interest will be taxable next year so keep track of it.  The IRS should send you a letter saying if they changed anything.  Don't know if they send a letter just for interest.  

[xyzabc]

So basically I should expect some letter from IRS within 3_6 weeks!? If I don't receive then I should contact IRS call center!? But for now I don't need to do anything from my end!? 

I am only worried because in the end If they come up with some audit and charge me compound interests on a daily bases of all the days! 

[VolvoGirl]

Just thought of something.  Do you have an amount on 1040 line 38 for an estimated penalty?  They may have reduced that.  I had a penalty once even though I had a refund.  

[xyzabc]

I don't have any estimated penalty on 1040 line 38. 

[bluedeb]

@xyzabc   Unfortunately, only the IRS knows what changed. You can call then to see if they can let you know what they changed.

Here's how to get through to a representative:

• Call the IRS at 1-800-829-1040 during their support hours
  of 7 AM to 7 PM local time Monday to Friday.
• Select your language, pressing 1 for English or 2 for Spanish.
• Press 2 for questions about your personal income taxes.
• Press 1 for questions about a form already filed or a payment.
• Press 3 for all other questions.
• Press 2 for all other questions.
• Make no entry when queried for the SSN.
• Press 2 for personal or individual tax questions.
• Press 3 for all other questions.

[rjs]

I wouldn't expend any time, effort, or stress over $10. The IRS is not going to audit you for $10, especially since it was their decision to send it to you. Wait and see if you get a letter. And if you don't get a letter, just forget about it.