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New Member
posted May 2, 2022 6:05:30 PM

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?

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1 Best answer
Level 15
May 2, 2022 6:12:28 PM

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.

 

3 Replies
Level 15
May 2, 2022 6:12:25 PM

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.

Level 15
May 2, 2022 6:12:28 PM

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.

 

New Member
May 2, 2022 6:46:11 PM

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