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Please see this help article on why your refund may be lower than expected.
Why is my refund direct deposit or check lower than the amount in TurboTax?
What is Refund Processing Service?
Are you accounting for the fees? $122 is probably the Turbo Tax fees for Deluxe, $39 for federal and a separate $39 for state PLUS the Extra $40 Refund Processing Service charge (45 in California) plus sales tax.
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