Yesterday my federal refund was almost $1900 and I checked it again today and it dropped 100-200 dollars!!!! Why????

[SweetieJean · Accepted solution]

The forms are still being finalized.

[xmasbaby0]

Many forms are not yet finalized and the software is updating as they become finalized.  That "refund monitor" does not mean a thing until all the forms are finalized and you have ALL of your information entered completely and accurately.

You may be aware that in late December Congress passed a major tax reform bill.  That has the IRS scrambling to get tax return forms ready for this tax filing season.  They were waiting for the laws to pass.

Some forms are not finalized so you cannot file.  The IRS has to finalize a number of forms and then approve the finalized forms in the TT software.  Many state forms are not finalized either.  What's the rush?  The IRS will not be accepting returns until January 29 at the earliest, so filing early will not get you a faster refund.  The earliest refunds will not be released until mid to late February.  You just have to wait for the forms to be ready.

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