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user3921
New Member

Why is my estimated refund so high but the return amount so low?

 
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4 Replies
ChondelLO
Intuit Alumni

Why is my estimated refund so high but the return amount so low?

In this public forum we cannot diagnose why your refund has been reduced.  For additional information, please visit the Help Article below or this TurboTax blog.

 

Why is my direct-deposited refund or check lower than the ...

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Why is my estimated refund so high but the return amount so low?

This year common reasons are you claimed the Recovery Rebate Credit on line 30 or too much Child Tax Credit on line 28 but the  IRS had already sent it to you.

 

Did you not get the 3rd Stimulus payment?  Or qualify for more?  Line 30 is only if you didn't get the full amount or qualify for more.  The IRS shows they already sent it to you.

 

Double check your bank statements and Check your IRS account (both accounts if married)

Your Online Account | Internal Revenue Service

 

 

user3921
New Member

Why is my estimated refund so high but the return amount so low?

This didn’t address my question. Let me restate my question.

when I used the intuit tax estimate it calculated almost $6000 in refund So I created a intuit return that resulted in a refund of $117. How could they be so different? 

Why is my estimated refund so high but the return amount so low?

Go back and check your data entry.  You may have misplaced a comma or decimal point in either the estimate program, or the tax program, or both.  Also be sure you answered all the questions in both correctly, completely, and consistently.

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