I need help. I received a CP11 letter stating I owe addtional $1234.30 (of this amount $2.30 is interest still accruing and amount i ower is $1232 and change). This is the amount that was listed on line 31 on my 1040. My AGI was slightly over at $152k for 2021. Married filing jointly. I dont have any other changes that would get me more credit e.g. newborn etc.
I got $2800 in 2021 pre IRS website for RRC.
I got in 2020, $1195.55 for my first payment and my second was $596.55
I just want to make sure that I understand this right. I did the Turbo Tax questions and thought i answered all the questions correctly but not sure now. And even then I thought since we were under $160k combined agi, that it would not get phased out but reduced for being over 150k slightly. Im so confused. Should I just pay this? Not sure if Turbo tax guided me wrong or what happend.
Thanks in advance!
