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Does anyone know why we completed our taxes with TurboTax and then the IRS refigured it and lowered it by $800?
This happened to myself and my son.
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April 7, 2021
1:41 PM
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Get your taxes done using TurboTax
See Why is my federal refund less than I expected?
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April 7, 2021
1:55 PM
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Get your taxes done using TurboTax
A common adjustment is if you claimed the Recovery rebate credit on 1040 line 30 when you already got the Stimulus payment or got the second one after you filed or reported the wrong amounts or entered the wrong amounts in the 2 boxes. If you entered the total you got for both rounds in the same box it would think you didn't get the other one.
April 7, 2021
2:00 PM