topic Re: refund reduced by IRS in After you file

refund reduced by IRS

odonnelldd — Mon, 09 Mar 2026 08:41:00 GMT

Turbotax calculated a refund due me of $1,656. I got $819.79. I requested a transcript and it shows a credit transfer out to 1040 202012 of $436.21. My 2020 return was messed up because I filed it before TurboTax made changes to reduce the amount of unemployment compensation subject to federal income tax. After the change, I was due a refund rather than owe the IRS. It appears the IRS deducted the $436.21 plus $400 I paid on taxes I thought were due in 2020 because of the Unemployment Income snafu. Any ideas on how I go about determining if The IRS refund amount is correct or the Turbotax refund is correct??

Re: refund reduced by IRS

Mike9241 — Wed, 09 Mar 2022 17:22:37 GMT

only the IRS knows the reason for the changes. you can call it or wait for a letter that you should get in a few weeks explaining the chnages.

Re: refund reduced by IRS

odonnelldd — Wed, 09 Mar 2022 17:25:03 GMT

I was hoping someone knew what Credit transferred out to 1040 202012 meant.

Re: refund reduced by IRS

odonnelldd — Wed, 06 Apr 2022 15:55:28 GMT

It turns out that Turbotax did not properly process the unemployment compensation I received so the refund they said I was due was less than TurboTax calculated. and I owed money.

Re: refund reduced by IRS

Cynthiad66 — Wed, 06 Apr 2022 16:09:52 GMT

TurboTax is a tax preparation platform. Once your return has been accepted by the IRS, TurboTax is not notified about your return at all. Privacy Laws prevents sharing information. All IRS Contacts will be to you directly.

However, if you recall, the IRS advised people not to amend their returns to make a change to Unemployment Compensation. The update would be made automatically by the IRS.

So, you will receive a notice in a few weeks that should explain all adjustments and it will provide contact information for you to contact the IRS.

@odonnelldd