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After you file
We're in the situation listed below:
(There is also a 'haircut' as your AGI exceeds $7500 and approaches $80,000 (single), or exceeds $150,000 and approaches $160,000 (joint) but we can deal with that later if impacts you)
Our AGI exceeds $150,000, but is below $160,000. TT calculated a percentage of the $2800 Recovery Rebate to deduct from our taxes; however, the IRS sent a letter stating we owe the amount that was deducted + interest.
Is this a TT error?
‎June 1, 2022
2:40 PM