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Ton715
Returning Member

TurboTax figured we should have got $4200 on third stimulus we only received $2100. My refund was showing $1799 but IRS adjusted my return and now has me owing $300?

Why am I having to pay back my stimulus when we qualified for the recovery rebate?
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2 Replies

TurboTax figured we should have got $4200 on third stimulus we only received $2100. My refund was showing $1799 but IRS adjusted my return and now has me owing $300?

The IRS sent letter 6475 to each spouse when the stimulus check went out to couples.   If you have a dependent, then you would have received $4200 last year.   3 x $1400 = $4200     And if they split it into two letters    ---    2  x   $2100 = $4200

 

What does your bank account show?   Did you receive a deposit of $4200 sometime last year?

 

Check your account online with the IRS to see if the IRS shows that you already received the $4200 last year.  You cannot get it twice.   If you received it last year it should not have been on line 30 of your 2021 tax return.

 

https://www.irs.gov/payments/your-online-account

 

Does the IRS show that you received a $1400 per person stimulus or EIP check in 2021?   Did you receive it?   When you were asked on your tax return did you say no?   Was there $1400 per person on line 30 of your tax return?

 

If the IRS says you got $1400 per person last year but you did not receive it you can have it traced.

 

LOST THIRD STIMULUS CHECK

https://www.irs.gov/newsroom/questions-and-answers-about-the-third-round-economic-impact-payment-top...

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Ton715
Returning Member

TurboTax figured we should have got $4200 on third stimulus we only received $2100. My refund was showing $1799 but IRS adjusted my return and now has me owing $300?

We only received $2100 for third stimulus but should have received $4200 IRS adjusted my refund of $1799 and said we owed $300 which equals the $2100 we received last year on stimulus why are we having to pay back as our income was less in 2021 than 2020. 

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