topic What is tax products pe2? in Get your taxes done using TurboTax

What is tax products pe2?

michelleb2017 — Tue, 04 Jun 2019 22:05:45 GMT

just because i got a pe2 DEPOSIT , thats not my full refund correct?

That is from the bank that held your refund when you paid...

HeatherPLO — Tue, 04 Jun 2019 22:05:46 GMT

That is from the bank that held your refund when you paid your Turbo Tax fees:

https://ttlc.intuit.com/replies/4233182

If your refund was less than expected, please see below for additional details concerning:

https://ttlc.intuit.com/replies/3288510

Re: What is tax products pe2?

uskvxm03 — Wed, 05 Feb 2020 23:38:54 GMT

I only for few hundred out of 1621? Why is that?

Re: What is tax products pe2?

JeanneLO — Sat, 08 Feb 2020 19:46:47 GMT

The IRS will send you a letter of explanation when your refund is less than you expected you can also get this information by looking up your refund at the IRS Where's My Refund page.. Please see this TurboTax FAQ on why your direct-deposit refund or check may be lower than what you expected: https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594.

Re: What is tax products pe2?

Johnleann greeley — Wed, 26 Feb 2020 17:30:40 GMT

Why is my refund smaller than it is supposed to be

Re: What is tax products pe2?

DMarkM1 — Wed, 26 Feb 2020 18:18:41 GMT

As noted in posts above you can get notification from the Where's my refund" page or by contacting the IRS. Also, as JeanneLO mentions, check this link for other possibilities.

Re: What is tax products pe?

72mattie — Mon, 16 Mar 2020 13:52:19 GMT

What

Re: What is tax products pe?

TiffanyL — Mon, 16 Mar 2020 15:12:51 GMT

May I ask what exactly did you need assistance with?

Re: What is tax products pe2?

Ortizj49tkd — Wed, 14 Apr 2021 09:25:56 GMT

What is tax products pe2, because I received a deposit in my account less refund than I was expected. I suppose to receive the actual amount of my tax refund.

Re: What is tax products pe2?

AshleyLO — Wed, 14 Apr 2021 16:39:35 GMT

@Ortizj49tkd If you see a transaction listed as Tax Product PE2, typically that refers to the amount you paid TurboTax to prepare your return. If you have any concerns about discrepancies over the amount of your refund, please contact the IRS directly: How do I contact the Internal Revenue Service (IRS)?

Re: What is tax products pe2?

123Simply1 — Thu, 01 Jul 2021 14:21:12 GMT

I prepare my taxes myself I paid my fee already, one thousand seven hundred dollars was taken out my tax return please tell me what is the problem I need my money .

Re: What is tax products pe2?

DoninGA — Thu, 01 Jul 2021 14:35:15 GMT

@123Simply1 wrote:

I prepare my taxes myself I paid my fee already, one thousand seven hundred dollars was taken out my tax return please tell me what is the problem I need my money .

Go to this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

Why is my refund different than the amount on the tax return I filed?

All or part of your refund may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans. To find out if you may have an offset or if you have questions about an offset, contact the agency to which you owe the debt.

We also may have changed your refund amount because we made changes to your tax return. This may include corrections to any incorrect Recovery Rebate Credit amount. You’ll get a notice explaining the changes. Where’s My Refund? will reflect the reasons for the refund offset when it relates to a change in your tax return.

Tax Topic 203, Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemployment Compensation Debts has more information about refund offsets.

Re: What is tax products pe2?

Ksurratt101 — Fri, 22 Jul 2022 20:36:54 GMT

I received a deposit today with this as the description. Any idea why? Was this a mistake?

Re: What is tax products pe2?

VolvoGirl — Fri, 22 Jul 2022 20:45:41 GMT

Didn't you read the previous answers? That is your federal refund after the Turbo Tax fees were taken out. Is it short? There is an Extra $40 Refund Processing Service charge (45 in California) to have the fees deducted from your refund.

Re: What is tax products pe2?

Ksurratt101 — Fri, 22 Jul 2022 20:58:52 GMT

I already received my refund months ago, but just checked my bank account to see another refund that I wasn't expecting. So the general answer form above isn't 100% relevant to me.