I am extremely disappointed in TurboTax. My refund went from $4000 to $70 . I have been using TurboTax for 8 years and have never been cheated before. I will be calling the IRS and speaking to someone for sure. I tried contacting TurboTax because I purchased the protection plan and I get no answer whatsoever. Very disappointed and I will definitely get an answer from someone. In a time when people are struggling, we put our trust in TurboTax and we are mislead and feel that our trust has been violated, it is just sad and wrong.
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The IRS does not tell TT when or why they adjust your refund, so wait for the letter in the mail from the IRS. You should get it in 2-4 weeks. However, the adjustment might be due to the Stimulus and/or the Advanced Child Tax Credit.
TT stands behind its calculations. However, it cannot know if you made a data entry mistake, forgot to claim some income, or misclaimed a deduction/credit.
In this public forum, we cannot diagnose why your refund has been reduced. For additional information, please see this TurboTax blog post: Why is My Tax Refund Not What I Expected?
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