@JSPhoenix0609- with all due respect, I beg to differ. Hear me out: the issue is one of two items:
1) The amount already received was entered incorrectly by the user. You can confirm what you actually received by either a) reviewing your bank statement from March - May, 2021 OR b) reviewing Letter 6475 which you should have received from the IRS. WARNING: if you filed 'joint', there were TWO letters and they needed to be added together before entering into TT. This is the #1 error I see on these boards - not understanding there were two letters
2) the taxpaper legitamately did not receive the payment! But the problem is the IRS records indicate they sent it! The only recourse is for the taxpaper to prepare and submit this tracer form so the IRS can investigate.
https://www.irs.gov/pub/irs-pdf/f3911.pdf
The calculation to determine the Recovery Rebate Credit is rather simple: $1400 times the number of people listed on your tax return LESS what you already received. (there is a phase out for upper income earners, but I'll leave that out for now). So the ONLY two things that go wrong are a) the number of people listed on your tax return (unlikely) and the amount you already received (more likely).
So while you may think that numerous people having the same issue does not mean everyone entered it wrong, actually it does mean either those individuals entered it wrong (or it was never received).
If the calculation itself was wrong, why aren't even more people complaining (I used TT for my tax return and my Line 30 was correct! - how could that be if the calculation is wrong?)
Most of the issues I see on these boards are people not correctly entering what was already received, especially those filing joint not realizng there were two letters that had to be added together! Curious if that happened to you?
does that help?
