topic TT updates and Returns in After you file

TT updates and Returns

ga331vip — Wed, 14 Apr 2021 22:29:56 GMT

I filed my tax returns around the first of march. After doing the final review TT said I owed $686.

I just now signed on to TT and installed the updates. It now says I should get a refund of $1588. Does anyone know why the difference? I didn't change any data that I input. A $2100 difference is pretty large......

Re: TT updates and Returns

ColeenD3 — Wed, 14 Apr 2021 22:42:00 GMT

The government may have made a correction to your tax return, resulting in a higher! than anticipated refund. You'll get an official explanatory letter when this happens.

Re: TT updates and Returns

ga331vip — Thu, 15 Apr 2021 02:41:03 GMT

I found the real answer......the updated TT included a recently passed $10200 exclusion for Unemployment Compensation (UCE) on Schedule 1 line 8. Six weeks ago this was not law. Supposedly the IRS will be refunding beginning in May and continuing throughout the summer