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tink2023
New Member

How to know if amount directly deposited this morning into my bank my state or federal because it is much lower then my amount I am suppose to be getting back from federa

why was my refund significantly lower than amount showing on turbo tax
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1 Reply
ThomasM125
Expert Alumni

How to know if amount directly deposited this morning into my bank my state or federal because it is much lower then my amount I am suppose to be getting back from federa

The reason your refund would be significantly lower than anticipated would normally be because the IRS adjusted your tax return for some reason. If they did this, they will send you a notice in the mail explaining the adjustment and you will have a chance to respond and protest it if you want. You may be able to see where the deposit in your bank came from on your bank statement. Your federal refund would likely come from the United States Treasury and your state refund would come from your state department of revenue.

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