Anyone else get screwed over by turbotax messing up line 30?

[NCperson]

@Rehiguera - there are other postings that TT had a bug that wasn't corrected until Feb 12 that caused Line 30 to inflate; the IRS has been catching them and reducing refunds by the inflated amount.

when did you submit your tax return? pre or post Feb 12?

[TLCStark]

Yes. It added $500 to mine and now I am arguing with the IRS just to get the correct amount of the second rebate that I have coming to me. I'm pretty sure I will never see that money.  

[LenaH]

No.  If Line 30 of your 1040 (Recovery Rebate Credit) is incorrect, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made. It will not prevent you from receiving the amount you are entitled to. 

2020 Recovery Rebate Credit — Topic G: Correcting issues after the 2020 tax return is filed

@TLCStark

[NCperson]

@LenaH - what I heard yesterday from an tax specialist who has a close relationship with the IRS and Taxslayer, that the IRS is ONLY adjusting Line 30 in one direction:

if Line 30 is inflated (e.g. the stimulus payments entered were understated), the IRS is adjusting that,

HOWEVER

if Line 30 is deflated (e.g. the stimulus payments entered were overstated), the IRS is not doing anything and waiting on phone calls/ amendments.... 

the adjustment is not automatic is my point 

that is consistent with their FAQ';

Q G1. I'm eligible for a 2020 Recovery Rebate Credit but did not claim it on my 2020 tax return. Do ...

A1. If you didn't claim the credit on your original tax return, you will need to file an Amended U.S. Individual Income Tax Return, Form 1040-X. The IRS will not calculate the 2020 Recovery Rebate Credit for you if you did not enter any amount on your original tax return.

[LenaH]

Yes, I completely agree with you @NCperson  

@TLCStark If you are waiting for the IRS to release the remainder of your refund less the $500 credit, then the IRS will do that automatically. If you are qualified for an additional amount under the Recovery Rebate Credit, then you may have to amend your return. 

[plwagon59]

Yes , Been with rhem dor years and this was the first time That It was free.What a crock of !@#$.Still nothing.After several Letters from the IRS saying that it was incorrct.They make us pay one way or the other .Maybe spite.

[Maeonie]

Yep, same here…i filed in February and was wondering where my refund was, and received a letter nearly 2 months ago stating the same thing.  Turbo tax knew this and withdrew their fee from my checking account a few weeks ago instead of waiting for my refund, just to make things more screwed up…will never use them again, after 15 years….

[doodle eleven]

Yes, me too.  I received my stimulus check, entered the amounts correctly, turbotax calculated incorrectly on line 30.  Now we owe $1000.  Turbotax does not return calls. I want a full refund from turbotax. The IRS lady said it's happening to a LOT of people.

[Tessa8282]

They charged me the 250. Fee before i got my tax check.  Irs only gave me 1/4 of the fee through the state tax.  Still havent got my money and did my taxes in april.  Who can i Punch?!

[Tessa8282]

Unlikely my butt 

[Tboolman22]

I got screwed out of a 1000 some how something got calculated wrong when I filed. This is my lowest pay out year. I probably wont be using turbotax next year and I'm really thinking about talking to a lawyer about all this because that credit kept changing and apparently changed again and now I get even less

[miguel013]

Why am I receiving a letter that states I owe money now instead of getting a return? 

Why was line 30 filled out if its supposed to be $0

And if I read correctly why is turbotax saying they never make mistakes when the IRS after speaking with them says that there have been a multitude of issues with returns from turbotax? 

After arguing with the IRS and not being able to speak with the people who filed my taxes (great customer service BTW) i now owe money.  

 I read on here that depending on the inflation or deflation its adjusted to work in the favor of the IRS. 

Welp, I also noticed that nothing was updated in my portal for turbotax regarding this change either.

It really is a wonder why so many people want to come here to the US we are so well put together.

Dont worry turbotax i wont be filing with you guys next year.

[bbowden210]

You're not the only one, TurboTax entered a number on line 30 and yesterday I got a letter from the IRS, they want me to pay $351 plus interest and penalties. I entered the actual amount of stimulus received. 

[ruiz-rebecca79]

Yes!!! For the first time ever (I’ve used TT over 10yrs) , husband and I OWE taxes—-WITH 2 dependents , making under $150k! I recall TT asked separately, Did ‘Jane’ receive letter 6475? Enter the amount____. Then it asked: Did ‘John’ receive letter 6475? Enter amount____. TT said we were getting $1876 back. We filed! Now, IRS said miscalculation. Line 30— in my taxes, Line 30 says $2100. IRS omits $2100 from Line 30, changed the refund amount and now, we owe $224???? Wth?!? We are pissed!!!! What’s that all about?!?? Plus we made $6k less! Super frustrating! 

I will NOT be filing with TT anymore! 

[TLCStark]

Happened to me again this year ! Was due to get back 471$ Now IRS changed and saying I owe 2500$.