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Level 1
April 28, 2022
Question

Federal Refund

  • April 28, 2022
  • 1 reply
  • 0 views

My Federal refund is significantly lower then what TurboTax stated I would be getting. When going to the IRS is states: (And I have no dependents and there is no error in my wife's and my SSN)

 

We changed the amount claimed as Recovery Rebate Credit on your tax return. The error was in one or more of the following:

  • The Social Security number of one or more individuals claimed as a qualifying dependent was missing or incomplete.
  • The last name of one or more individuals claimed as a qualifying dependent does not match our records.
  • One or more individuals claimed as a qualifying dependent exceeds the age limit.
  • Your adjusted gross income exceeds $75,000 ($150,000 if married filing jointly, $112,500 if head of household).
  • The amount was computed incorrectly.

    1 reply

    Level 15
    April 28, 2022

    That is a generic message given by the IRS when they reduce your refund.   The last one is the "catch all" that is the one that most likely applies to you--it can mean you made an error when you entered your income.   

     

    TurboTax does not get any information from the IRS after you file your tax return, so no one at TT knows why your refund was less.

     

    You have not mentioned any specific amounts.  Sometimes we can make an educated guess as to the reason for your reduced refund if you mention specific amounts--for example if your refund was short by $1400 per person---it is likely to be a mix up regarding the 3rd EIP payment.   If it is short by $1800 or  $1500 or  a multiple of that amount  ---   maybe a mixup regarding the advance child tax credit payments.   Or---the fees you were supposed to pay for using TurboTax + the "refund processing fee" charged by the third party bank….

     

    Did you choose to have TT fees deducted from your Federal refund?  (Remember that if you did that, you also agreed to an extra refund processing fee of $39.99 or $44.99 in CA)

    How can I see my TurboTax  fees?   

    https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

     

    What is Refund Processing Service?

     

     

    The IRS will send you a letter that explains why your refund was reduced.   Meanwhile it might help you to check your online IRS account.

     

     

    https://www.irs.gov/payments/your-online-account

     

     

    https://blog.turbotax.intuit.com/tax-refunds/why-is-my-tax-refund-not-what-i-expected-49240/

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**