TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Solved

why does IRS calculated refund differ from turbotax calculation

7 replies
86 views

No text available

N03scap4-Answer

Level 2

For the tax year of 2020, the IRS's tells me that I underpaid by $484.00. Turbotax reports $0 owed. I have spent many hours reviewing and re-reviewing my paperwork and the TurboTax generated reports, and am completely baffled! Actually, I was ready to "give the money to the IRS" when I found this message site. I'm not certain as to what you require to lessen my frustration, but I'd appreciate any ideas you can give. Thank you from Richard

Level 15

Does the IRS website indicate that you were sent less than what was reported on your federal tax return Form 1040 Line 34? - https://www.irs.gov/refunds

If less, how much is the difference?

Level 15

if the IRS is less it's usually because the taxpayer left something off their return. you should receive an explanation in 2 to 3 weeks. Or you can go to the IRS website and review your tax return transcript after registering if you have not done so already

Mike9241

N03scap4-Author

Level 2

So,,,,, what is usually wrong when the IRS "claims" I underpaid. My problem is that I paid the amount that Turbotax calculated and reported to me.

Richard

Level 15

It would be best to follow the instructions here to reach out to us by phone, as that will allow a tax specialist to look over the return. @

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"