- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Refund
I received by refund via direct deposit today, yay! But the amount was different than the one shown in my tax return. I owed taxes to the IRS from 2019, it is my understanding that the IRS will pay off the debt first and then refund you the rest. However, IRS refund amount is different (more) than what TurboTax deposited. I had selected for TurboTax to deduct the fees from my IRS refund, but because it took IRS a little over 3 months to process my taxes, TurboTax had to deduct their fees directly from my bank account, which is understandable. What I don't understand is why the amount deposited is $800 dollars off from what IRS shows as refunded even though TurboTax deducted their fees directly from me? I called TPG today to get an explanation, but they were closed. Based on the automated message they don't have set hours.