Tax refund

[Vlee71]

Our return had no mistakes but still recieved letter.  Refund amount shows but irs says they made changes that eliminated refund and a balance is due..does this mean we dont get a refund at all?

[VolvoGirl]

Right.  No refund and you now gave a tax due.

The 2 most common reasons this year is you entered the wrong amount on line 30 for the Recovery Rebate Credit (3rd Stimulus payment) or line 28 for the Child Tax Credit.  Those lines are just if you didn't already get the full amount or qualify for more.  The IRS knows what they already sent you.  

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 Advance Child Tax Credit .