Recovery Rebate

[Kellyk86]

I filed my original return saying I didn’t get the $1400 (completely forgot) when I actually did, so thinking I was doing the right thing, I filed an amended return. Well the IRS caught my mistake and adjusted my original return; however, I didn’t see that if you did what I did you don’t need to send in an amended return. So this morning I woke up to $1400 deducted from my bank account. Will the IRS see that it was fixed on my original refund and credit my $1400 back to me or do I need to file another form? So confused, help!

[bluedeb · Accepted solution]

You do not file an amended return for the Recovery Rebate (Stimulus payment), the IRS gets all information about what someone received or did not receive.  The IRS must show that you did already receive the $1,400.  You will receive a letter explaining the change and what to do if you do not agree with it.  The letter can take 3 to 6 weeks to receive. 

There is no other form you need to send in.

The amended return maybe sent back to you because the IRS will not process it for the Stimulus payments.

[PattiF]

From @xmasbaby0

If you already received the $1400 but answered incorrectly on your 2021 return it will delay your refund, but we cannot tell you how long the delay will be.  The IRS will catch the mistake and take $1400 away from your refund.   You will just have to watch the IRS refund site for information.  TurboTax does not get any updates.

Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.

[bluedeb]

The IRS already deducted the $1,400 from his account.

[Kellyk86]

Yeah I didn't see the message about not filing an amendment for the recovery rebate until AFTER I had already sent it. Honest mistakes on both parts. I just want my $1400 back since they corrected my original return and deducted it from there.

[bluedeb]

@Kellyk86  Only the IRS can give you back your $1,400 if they see the withdrawal from your account was in error.  You can wait to see what the letter states, or you can try to contact the IRS but this time of year it is hard to get ahold of them. 

[Kellyk86]

@bluedeb I'm going to wait and see what happens in the next few weeks. But you're right, this time of year I'd probably be on hold for hours trying to get through.

[keithandsharyn]

I got a letter from the IRS saying there was a math error on my return. The problem was with the Recovery Rebate Credit. I don't remember putting that in but it shows $2800 on my return. Instead of the $540 rebate showing on the return I now owe $2264. Can you tell me how that happened?

[xmasbaby0]

@keithandsharyn That error happens when folks incorrectly fail to enter the 3rd EIP payment they received in Federal Review for the recovery rebate credit.   If you did not enter that you received the stimulus payment then the amount ended up on line 30 of your tax return.   You cannot get that same stimulus money twice, so the IRS has to adjust your refund--and you ended up owing instead of getting a refund.    You should have received letter 6475 from the IRS that showed the amount of the stimulus you received and you were asked to enter it in Federal Review.

[VolvoGirl]

You must have answered a question wrong or entered the wrong amount you got for the 3rd Stimulus payment.   The Recovery Rebate Credit on 1040 line 30 is only if you didn't get the full amount or qualify for more.  The 3rd Stimulus was 1400 per person, 2800 for married.  It came out starting in March 2021.   Do you have any dependents?  

A lot of people answered the questions wrong and tried to claim the credits again. Double check your bank statements to see what the IRS sent you during the year for the 3rd Stimulus payment.  And check your IRS account (both accounts if married).
https://www.irs.gov/payments/your-online-account

[keithandsharyn]

Thank you. Upon further investigation I saw where I had answered one of the questions wrong on the worksheet. Ouch!