Taxes lower than expected

Forum|Forum|4 years ago
March 18, 2022
2 replies
9 views

My taxes was deposited $2800 lower than expected amount in turbo?

TurboTax PLUS Online

Diaz01Author

Level 2

I have been filing my taxes ever since I could start filing, this has never happened to me before.

With my taxes being important I’ll be using a different software next year. I hear many people going through this, hopefully this gets resolved as soon as possible

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

If your refund is short $2,800 then that is because you said you did not receive the 3rd stimulus payment and the IRS has records that show you were sent the 3rd stimulus payment so they removed the $2,800 Recovery Rebate Credit that was entered on Form 1040 Line 30.

Go to this IRS website for your tax account to see if the 3rd stimulus payment is entered - https://www.irs.gov/payments/your-online-account

If you checked your bank account in the March - May 2021 timeframe and there is not a $2,800 EIP3 payment from the IRS then go to this IRS website for how to start a trace on the payment - https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-j-payment-issued-but-lost-stolen-destroyed-or-not-received