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posted Mar 11, 2023 1:22:48 PM

I am getting back $1120. in federal tax and $513 in state tax. fees for turbo tax are $216. this should be $1417 back to me but turbo is saying $1058. WHY?

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2 Replies
Expert Alumni
Mar 11, 2023 2:19:26 PM

It depends. Some screens show you the total refund for Federal and State together, and others show the refunds separately. 

 

The Federal and State tax agencies issue refunds separately, and your TurboTax fees are taken from the Federal refund if you elected to pay them by refund. In addition, the bank (Santa Barbara Tax Products Group, or SBTPG) may charge an additional fee for handling the payment by refund. The fee is mentioned on the screen where you elect to pay by refund. See this help article for more information.

 

Also, you can view your entire return or just your 1040 form before you e-file to see how your taxes were calculated and to preview the forms that TurboTax has prepared from your entries:

  1. Sign in to your TurboTax account
  2. Open or continue your return
  3. Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner)
  4. With the Tax Tools menu open, you can then:
    • Preview your entire return: Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first if you choose this option)
    • View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu

 

 

Level 15
Mar 11, 2023 3:21:42 PM

It sounds like you have become confused by the summary shown on the screen.  You should look at the tax return forms themselves.   Your federal refund will be shown on line 35a of your Form 1040, and your state refund will be shown on the state form.   We cannot tell what line of the state form since we do not know what state you are in.  

https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-get-a-copy-of-a-return-i-filed-this-year-in-turbotax-online/00/25932

 

 

Then....from the federal refund----do the math to subtract the TurboTax fees and the refund processing fee you are paying the third party bank to receive your refund first and send the rest to you.

 

How can I see my TurboTax  fees?   

https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

 

What is Refund Processing Service?