turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Will my tax return come in pieces or will it be a lump sum?

I am receiving a deposit in my bank account of $480 in a couple days. The sum is not from my workplace, and it would only be quarter on my tax return total.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Will my tax return come in pieces or will it be a lump sum?

Generally, your refund will be a lump sum.

Since TurboTax has no way of knowing why the IRS reduced your refund (if your $480 is your refund), you will receive a letter of explanation from the IRS within 30 days or so.

It is possible that the reduction could have been due to a refund offset to pay a debt such as an outstanding student loan, past due state taxes, or past due child support-or perhaps a simple calculation error.

View solution in original post

1 Reply

Will my tax return come in pieces or will it be a lump sum?

Generally, your refund will be a lump sum.

Since TurboTax has no way of knowing why the IRS reduced your refund (if your $480 is your refund), you will receive a letter of explanation from the IRS within 30 days or so.

It is possible that the reduction could have been due to a refund offset to pay a debt such as an outstanding student loan, past due state taxes, or past due child support-or perhaps a simple calculation error.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies