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If federal tax refund is different than turbo tax calculation?

Why is my Federal refund is $600 less than Turbo Tax calculated.
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2 Replies
ErnieS0
Expert Alumni

If federal tax refund is different than turbo tax calculation?

$600 sounds like the second stimulus payment. The IRS may have adjusted your tax return for a wrong stimulus payment.

They will send you a notice explaining the change.

It’s possible your payment got lost. IRS records show you got $600, but you never did.

You can request a payment trace if that’s what happened. But wait for the IRS letter.

To start a payment trace:

Reminder: DO NOT request a trace prior to the timeframes above. IRS assistors cannot start a trace prior to those timeframes.

To complete the Form 3911:

  • Write “EIP1” or “EIP2” on the top of the form to identify which payment you want to trace.
  • Complete the form answering all refund questions as they relate to your EIP
  • When completing item 7 under Section 1:
    • Check the box for “Individual” as the Type of return
    • Enter “2020” as the Tax Period
    • Do not write anything for the Date Filed
  • Sign the form. If you file married filing joint, both spouses must sign the form.

You will generally receive a response 6 weeks after we receive your request for a payment trace, but there may be delays due to limited staffing. Get up-to-date status on affected IRS operations and services. Do not mail Form 3911 if you have already requested a trace by phone.

  • If you mail or fax the form prior to the timeframes above, your request will not be processed until those timeframes are met.
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If federal tax refund is different than turbo tax calculation?

frankly, I did see some posts about issues with TT if you filed prior to Feb 12 related to stimulus.

 

What is on Line 30 of your tax return? I suspect it is $600. 

 

Did you think you received all the stimulus you were entitled to.....?

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