Our AGI (as filed with TurboTax when I originally filed) was over $150,000. TT knew what my AGI was at the time, because it calculated it and it was well above the $150,000 threshold for married, filing jointly (which we are).
In the letter I received one month ago from the IRS about this error, they showed their AGI calculations for us, and they showed my AGI calculations (TurboTax). The NUMBERS WERE THE SAME. They did NOT adjust our AGI.
Basically, it boils down to the fact that our AGI greatly exceeded the $150,000 threshold, and we should NOT have taken that Credit. But, I didn't know this, and TurboTax asked me how much stimulus payments we received and when, which I gave it the correct and accurate answers (it was almost none). Yet, TurboTax mistakenly assumed I should get this credit, even though we all know the max threshold is $150K. I did not know this at the time I filed. I only know this NOW that I have been penalized by the IRS and started researching it, almost a year later.
TT made the error, but I had to pay the price. For the 2021 tax year, I will try to correct this mistake manually.
