@medotaxespls wrote:
I filed a 1040-SR form though Turbo Tax in March. Did rec. my state refund in April. Did not rec. my Federal refund until the beginning of August. It was less than calculated on my return. On August 23, I received a Notice from the IRS saying that basically they deducted the Recovery Rebate Credit of $600. from my refund
stating a miscalculation. I had entered 600.00 on line 30. I do not understand the "penalty".
I have had one phone conversation with an IRS rep.regarding this situation and did not get an explaination.
Please help me understand what has happened or help me recover the 600.00.
If the IRS removed the Recovery Rebate Credit from your 2020 federal tax return it was more than likely because the IRS has records showing that the second stimulus payment of $600 was sent to you already.
Look at your tax account and it will show the stimulus payments sent by the IRS to you - https://www.irs.gov/payments/view-your-tax-account
If you never received the second stimulus payment then you can request a trace on the payment from the IRS. Go to this IRS website for initiating a trace - https://www.irs.gov/coronavirus/second-eip-faqs#paymentlost
How do I request a payment trace to track my first or second Economic Impact Payments? (updated Augu...
