@ jmm534 wrote:
My total federal return is $2402 which is including a $600 stimulus credit. I also owe $506 to my state. I'm fully aware that my bill can't be paid from my refund, which is why I stated that I am missing $1100 (the total of those two). I got a refund deposit of $1383, not $2402 like my tax return and homepage says.
You made a point of mentioning your state taxes owed in 2 posts in the same sentence as a Federal deposit, so I'm just making sure. By "owe $506 to my state" is the $506 the amount of state taxes you owe on a current 2020 state return, or is it an offset due to prior unpaid state taxes that you are expecting the IRS to take out?
We see a number of folks in the forum who think their 2020 state taxes owed are going to be paid out of their Federal refund, possibly because TurboTax has a confusing Summary screen that provides a Total refund amount (or "net") that combines the Federal and state situations into a single net figure.
As long as you know you have to separately pay the state any taxes you owe to the state, that's what's important.
People should look at their actual Federal and state returns for any refund amount that was submitted or any tax owed.
Your Federal refund amount that was submitted will be shown on your Form 1040, Line 35a, which is the figure you should go by, not by any "total" that TurboTax provides on a summary page that takes into account the state taxes.
These 2 statements from your earlier comments are why I mentioned it.
"I need to figure out what happened to the other $1100 that wasn't deposited (stimulus credit and state tax due)."
and
"I'm missing my stimulus credit and the amount of state taxes I owe from my refund deposited today."
"State tax due" or "state taxes I owe" should have nothing to do with a Federal deposit, except perhaps in the following instance:
I assumed you meant you have state tax due on a current 2020 state return. Or by "state tax due/owed" are you referring to an offset? i.e., did you have prior state taxes that weren't paid that you expect the IRS to take out of your Federal refund? If it's an offset for prior unpaid state taxes, then that is a different situation and could indeed be taken out of a Federal refund.
