turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bacil618
New Member

Why is my refund direct-deposit or check higher than the amount in TurboTax?

TurboTax said I was to get $1 refund, but Fed deposited $127.  Why? And how can I get a copy of my Federally revised tax return?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

Why is my refund direct-deposit or check higher than the amount in TurboTax?

The IRS will send you a letter explaining why they increased your refund. The letter usually comes two or three weeks after you get the refund.


There is no "federally revised tax return." The IRS recalculates your tax without preparing an actual revised tax return. The letter that they send you will tell you what changes they made.

 

View solution in original post

3 Replies

Why is my refund direct-deposit or check higher than the amount in TurboTax?

Was $1 on your tax return 1040 line 35a or 127?    Do you maybe owe the state tax due?  At the end Turbo Tax shows you the net federal and state combined. But that is only for your info. You will still get the full refund and need to pay a tax due.

rjs
Level 15
Level 15

Why is my refund direct-deposit or check higher than the amount in TurboTax?

The IRS will send you a letter explaining why they increased your refund. The letter usually comes two or three weeks after you get the refund.


There is no "federally revised tax return." The IRS recalculates your tax without preparing an actual revised tax return. The letter that they send you will tell you what changes they made.

 

bacil618
New Member

Why is my refund direct-deposit or check higher than the amount in TurboTax?

The $1 was on 1040 return, line 35a and my state tax return was $0 owed/refund.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question