LenaH
Employee Tax Expert

Other financial discussions

If you were due a $3,200 refund and now owe $1,600, that is a $4,800 discrepancy. Did you receive that much in stimulus payments during the year and not report it on the recovery rebate form? If so, then TurboTax would have given you the credit in the amount of $4,800 on Line 30 of your 1040 Form

 

If the IRS did indeed pay you the stimulus checks, then the Recovery Rebate Credit was calculated in error and the credit will be adjusted off your return, leaving you with the amount owed of $1,600. 

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