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Deductions & credits
There is a bug if you refinanced in 2020. If you had a $600,000 loan and refinanced it for another $600,000. TurboTax says you have $1,200,000 in debt which then limits your deduction therefore reducing your refund from the IRS by thousands of dollars.
THIS BUG STILL EXISTS FROM LAST YEAR.
HOW MANY PEOPLE DIDN'T GET THEIR FULL REFUND LAST YEAR!? CLASS ACTION LAWSUIT!!!
‎February 10, 2021
4:00 PM