3rd stim coming out of tax return?

[kluchgts]

my original refund was about 1700 but then the next page asks me how much i received for my 3rd stim and i put the full 1400, all of a sudden my refund is 100? Anyone else come across this?

[AliciaP1]

TurboTax does not automatically populate the amount you received for the 3rd stimulus payment - as you noticed when you needed to input the amount.  Instead, it assumes your payment amount is $0 (since the box is empty until you populate it) and estimates the full amount included in your refund.  When you complete the box with the amount you already received, it is merely removing that amount from your refund to properly reflect that you already received.

[VolvoGirl]

It is not taxable and you aren't paying it back.  Your 2021 return starts out by assuming you didn't get any Stimulus payments so it gives you credit for the full amount and your refund was too high.  Then near the end you enter how much you actually got so it only gives you the difference if any.  So you don't get it again.

[kluchgts]

does having a 100$ refund make sense though? I didn't keep any extra on my paychecks, i forgot what those are called. deductions? I know you can only speculate without looking at my actual numbers but i've always gotten something over 500

[KatrinaLO]

The stimulus payments are not taxable income. In the beginning of the Federal Review TurboTax will ask whether you received a stimulus payment, and if so, how much. This is to make sure that you get the full amount that you are entitled to.