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So the IRS removed or reduced the stimulus credit on your return either because you did not enter the amount you got in advance correctly or the IRS disagrees with the amount you entered. (the rest of that generic list of possibilities can be ignored)
If the IRS has reduced your refund, they will be sending you a communication explaining why they reduced the amount of your refund. Once you know the nature of the problem, you may be able to correct the problem by amending your 2021 Federal tax return.
If you did not receive $1,400 for the third stimulus payment, the IRS may think that you were already issued the third stimulus payment.
At your IRS online account, you can find whether a payment was issued to you that you did not receive. You can also find this information on your tax transcript.
If you need to trace a payment that the IRS says has been issued to you, mail or fax a completed IRS Form 3911, Taxpayer Statement Regarding Refund.
@nidalkanadilo - look at Line 30 of your tax return.
You were elgiible for the 3rd stimulus or the Recovery Rebate Credit but not both.
the math on line 30 is simple: 1) $1400 times 2) the number of people listed on your tax return LESS 3) what you already received, but not less than zero.
if what you entered for #3 in TT did not match the IRS records (because they know what they sent you), the IRS reduced Line 30 by the difference between what they sent you and what you stated you received.
Suggest looking at your bank statements between March - May, 2021 and see if the deposit from the IRS is listed. In most cases, it is multiples of $1400.
My taxes was approved but I didn’t receive any of my stimulus through intuit and credit Karma.
Does "accepted" mean my refund is approved?
Not yet. Accepted means your tax return is now in the government's hands and has passed the initial inspection (your verification info is correct, dependents haven't already been claimed by someone else, etc.).
After acceptance, the next step is for the government to process your return and if there are no changes/errors then the refund can be approved for release if there are no debts to be collected.
First they look for things like back taxes and unpaid child support. If they find any debts, they'll offset (reduce) your refund to cover the outstanding amount. Once they are satisfied that you have no outstanding debts, they will approve and then issue your refund.
Think of the e-filing/refund process along the lines of applying for a job; although the employer (government tax agency) has received (accepted) your job application, they still have to review (approve) your application before they grant you an interview (refund).
Related Information:
I need tax return 2020
I never received any letter about an error on my refund. Why did turbo tax fill in line 30 on federal return which changed my status from refund to owing with a penalty? I was expecting a refund but instead received a letter from IRS a couple weeks ago that I owe over 500$. What is the recovery rebate credit that fouled my return?
@5013397823 - during the interview process you were asked whether you received the 3rd stimulus... You must have answered 'No' and therefore Turbo Tax put the $1400 on Line 30 so that you got what you were otherwise entitled to.
But the IRS records show they already sent the 3rd stimulus to you, so they removed it from Line 30 which you were therefore not entitled to, which impacts the refund.
the way this worked was you were entitled to the 3rd Stimulus or the Recovery Rebate credit, but not both. If you received the 3rd stimulus, then they Recovery Rebatew should have been zero (and Line 30 would have been zero to reflect that).
I need help with my refund
What is the rejection code you received?
@Moniquepugh
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