Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 7, 2021 1:41:37 PM

Does anyone know why we completed our taxes with TurboTax and then the IRS refigured it and lowered it by $800?

This happened to myself and my son.

0 2 434
2 Replies
Expert Alumni
Apr 7, 2021 1:55:07 PM
Level 15
Apr 7, 2021 2:00:55 PM

A common adjustment is if you claimed the Recovery rebate credit on 1040 line 30 when you already got the Stimulus payment or got the second one after you filed or reported the wrong amounts or entered the wrong amounts in the 2 boxes.  If you entered the total you got for both rounds in the same box it would think you didn't get the other one.