wall2
New Member

Deductions & credits

On June 14, 2021 the IRS sent me a letter that they thought explained why they reduced my 2020 return from $ 5594, as computed by Turbo Tax to $ 3608.50. I sent the paperwork to Taxaudit and the advisor said that the IRS corrected my return to make the reduced return amount correct. When Turbo tax asked me if I had received the $2400 stimulus payment I said yes, and I anticipated that the return would be correct. I see Line 30 rebate $2400 and then Line 32 titled refundable credits is also $2400. If the stimulus payment does not have to be paid back, why did the IRS deduct that amount from what TurboTax had computed? Was a mistake made that required me to "lose" the difference between what TurboTax said my refund would be and what the IRS sent me?

Walter Armistead

[phone number removed], [email address removed]