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rap322
New Member

I noticed that my 2020 federal refund is higher than what Turbo Tax said it would be. Any idea why?

 
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2 Replies

I noticed that my 2020 federal refund is higher than what Turbo Tax said it would be. Any idea why?

possibilities are almost endless.   a small additional refund would likely be because the IRS was tardy in making your refund and paid you interest (taxable when filing your 2021 return).  if rather large I would check your tax return transcript using the IRS website. it will show amounts you reported and amounts per the  IRS computers.https://www.irs.gov/individuals/get-transcript 

rjs
Level 15
Level 15

I noticed that my 2020 federal refund is higher than what Turbo Tax said it would be. Any idea why?

If the additional refund is something other than interest, the IRS will send you a letter explaining what they changed on your tax return. You should get the letter two or three weeks after you got the refund.

 

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