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.

Will1982
New Member

Third round stimulus reduced my refund even though it says i didn't get enough and am eligible for a credit. Why?

Based on my income it says i am eligible for a $1390 credit, however, when i entered the $1410 that i actually received it reduced my estimated federal refund by that amount.
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.

2 Replies

Third round stimulus reduced my refund even though it says i didn't get enough and am eligible for a credit. Why?

How much is on line 30?   Is it the 1390?  Line 30 is any extra credit you are getting.   Turbo Tax started out giving you the full amount so your refund was too high.   Then when you enter what you already got it is subtracted.  

Sounds like your total should be 2800 for 2 people or married.  You got 1410 giving you 1390 more on line 30.   Although 1410 is an odd amount.  The 3rd Stimulus payment is 1400 per person.  

MinhT1
Expert Alumni

Third round stimulus reduced my refund even though it says i didn't get enough and am eligible for a credit. Why?

The refund is only determined once you have entered everything on your tax return. While you are still entering information, the refund is only a temporary indication.

 

Before you entered the amount of stimulus received, the program had already attributed the stimulus amount and this is why your refund is decreased by the amount you received when you entered it.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question