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New Member
posted Apr 11, 2022 10:37:19 AM

Why do I owe money?

I got mail from the IRS about Recovery Rebate Credit. I realized that I DID receive the stimulus payment when I believed that I did not. Why do I owe nack over $900 of their $1400 payment?

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1 Replies
Expert Alumni
Apr 11, 2022 10:52:36 AM

The IRS has reduced your original refund claimed on your tax return by $1,400.

 

If you had a refund of $500, then you now owe $900.