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Should my actual refund be less than predicted on my return? I received a $641refund today and was supposed to be $1241. Can you explain?

 
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5 Replies

Should my actual refund be less than predicted on my return? I received a $641refund today and was supposed to be $1241. Can you explain?

Sounds like the difference is the $600 stimulus check. Did you receive that?

Should my actual refund be less than predicted on my return? I received a $641refund today and was supposed to be $1241. Can you explain?

Did you receive the second stimulus payment?  The $600 difference looks like the IRS removed the credit from the tax return thereby reducing your federal tax refund.

 

IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

 

Why is my refund different than the amount on the tax return I filed? (updated 2/5/2021)

All or part of your refund, including any amount for the Recovery Rebate Credit, may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans. To find out if you may have an offset or if you have questions about an offset, contact the agency to which you owe the debt.

We also may have changed your refund amount because we made changes to your tax return. This may include corrections to any incorrect Recovery Rebate Credit amount. You’ll get a notice explaining the changes. Where’s My Refund? will reflect the reasons for the refund offset when it relates to a change in your tax return.

Tax Topic 203, Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemplo... has more information about refund offsets.

Should my actual refund be less than predicted on my return? I received a $641refund today and was supposed to be $1241. Can you explain?

I received a $600 stimulus check and filed it in last tax return but have not received one since. 

Should my actual refund be less than predicted on my return? I received a $641refund today and was supposed to be $1241. Can you explain?

No I did not receive a second stimulus check. 

Should my actual refund be less than predicted on my return? I received a $641refund today and was supposed to be $1241. Can you explain?


@ridfishjean wrote:

I received a $600 stimulus check and filed it in last tax return but have not received one since. 


Look at your federal tax return Form 1040 on Line 30.  Is there a $600 credit on Line 30?  If so, and you already received the second stimulus payment, the IRS removed that credit thereby reducing the federal tax refund.

 

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/

Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)

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