There are a few reasons why refunds received from the IRS may be different than expected this tax season:
- The IRS adjusted the recovery rebate credit calculated on your return
- The IRS adjusted the child tax credit calculated on your return
- The IRS made adjustments due to differences in what is reported to them or adjustments to certain credits and deductions
- Your refund is offset as part of the Treasury Offset Program
- An adjustment for Federal taxes owed for a previous year
No matter the reason, you will be getting a letter of explanation in the mail soon. Click on the link up top and you will see detailed information on each possibility.
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