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adamkoetsch
New Member

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.
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Marketstar
Level 7

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
Marketstar
Level 7

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

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