@sailfish wrote:
I just don't get it. I received the stimulus money, month's ago. It's not clear to me why it's coming out of my federal refund.
I haven't received the new stimulus payment yet. Is that going to be an issue as well?
Probably should just wait until tax season is over an deal with IRS directly.
If you have $1200 on the Form 1040 Line 30, it is not coming out of your 2020 federal tax refund, it is adding to the federal tax refund. If the amount shown is not correct the the IRS will remove this credit from the refund when they process your tax return. That is why it is important for the credit to be correct on your tax return.
The third stimulus is sent directly from the IRS. It is not included with or a part of your 2020 federal tax return.
