How can I find our why our Federal Refund is higher than what we E-Filled?
It was E-Filled on 5/4/21 with a refund of $8,189.00. Within a week it was flagged for review. We tried calling the number listed twice a month and could never get anyone to answer.
On 9/1/21 we received a deposit of $4,291.37 and another one for $3,992.22 on 9/15/21. The total of these two is $94.59 more than our refund.
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Don't know why they sent it in 2 parts. Both from the IRS? One isn't for your state? The $94 could be interest on it. If it is interest you will need to report it on next year's return.
99.9% chance this was added interest for the delay in processing ... in January the IRS will send a letter letting you know this was taxable interest to report on the 2021 return ... expect it and don't be afraid to open the envelope.
Yes, both were from the IRS. We already received our State refund. The two deposits added together were $94 higher than our Federal refund.
Thank you... I'll be watching for it 🤓
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