Refund

Forum|Forum|4 years ago
March 23, 2022
3 replies
38 views

Why is my refund $2860 less than what Turbo Tax calculated? Is there a problem with the software because this is a big calculation error? I've used this software for many years & have never had this problem.

Best answer by mackandconnieaustin

Refund problem was my mistake. Did not realize I had received 3rd stimulus amount.

DoninGA

Level 15

Does the IRS website indicate that you were sent less than what was reported on your federal tax return Form 1040 Line 34? - https://www.irs.gov/refunds

mackandconnieaustinAuthorAnswer

Level 2

Refund problem was my mistake. Did not realize I had received 3rd stimulus amount.

lyndaliebermann

Level 2

More confused. Actually received a letter from the IRS. saying there was an error on my form. They listed 5 possible errors. None of these apply. They also listed my tax calculations on my form and their calculations They are identical.
The letter also stated the amount deposited in my checking. This is $ 171 less than I actually received. Not to mention more than $ 1500 less than the amount of my return calculated on TurboTax. I did include the $1400 on line 30.
They said to contact them by May 27. I’m sure getting through to them is a piece of cake. 🤪