Because we are 1099ers, we often apply any refund for state and federal to the next year's est. taxes. So, that's what I did this year. A little over $100 applied to our 2022 Georgia tax liability. My tax paperwork filed says we get zero refund, correctly. But for some reason, we got a $34 refund auto deposited in Mid March, about a week after we filed, in the bank account we use to pay estimated taxes. It's labeled GA state tax refund. (It was not deposited the acct. I've used historically when we have accepted a refund in the past, which is our personal joint account. But instead to one of our single member LLC bank accounts.
To clarify...This is not the special refund for married couples that will be $250 each / $500 total which wasn't passed until about 2 weeks after that $34 showed up. So it's not some kind of pro-rated amount of that total.
Any guesses why we got this? Since my TurboTax s/w still shows we would not have received a refund, it's not going to show this $34 next year when I do my 2022 taxes. (Not that it should matter b/c we didn't itemize this year. I know that is more important when you do a Schedule A if you wrote off the state tax costs the prior year.) I haven't been able to solve the mystery, including when I sign into where we process GA estimated taxes quarterly.
Curious if anyone here had that happen? Or has any theories? 🙂
