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Get your taxes done using TurboTax
@bluedevils1964 wrote:
I would like to know why the IRS has reduced my refund. I filed on line and your program said that all my returns were filed correctly, but the IRS has denied paying the Economic Impact Payment. Why would your program show that I was eligible for the payment.
You will have to wait for the IRS letter to arrive for an exact explanation.
However, in this type of instance if you indicated that you did not receive the 3rd stimulus payment then the Recovery Rebate Credit was entered on your tax return Form 1040 Line 30.
When the IRS received your tax return their records showed that you had been issued the 3rd stimulus payment so the credit was removed thereby reducing your tax refund.
You can go to your IRS Tax Account and the stimulus payment will be shown, if this scenario is correct - https://www.irs.gov/payments/your-online-account