Tax Refund Calculation

Forum|Forum|2 years ago
April 24, 2024
1 reply
25 views

My TurboTax refund was calculated to be $10,000 but I received only $6,000 with NO explanation from the IRS as to why it was different. How can I get an IRS explanation for my refund?

Ask the Experts - Refund II - April 2024

CatinaT1

Level 15

Once your return is filed, TurboTax has no control over the processing of your return or the release of your refund. You should get a letter from the IRS explaining the difference. They might have only released part of your refund at this point.

Here are a couple FAQs to track your refund:
When will I get my federal tax refund?
How do I track my state refund?
Why does Where's My Refund say "approved" but TurboTax still says "accepted"?

Why do some refunds take longer than others?

What if my IRS refund is taking longer than 21 days?

IRS Individual Online Account

Taxpayers with a Social Security number or an Individual Taxpayer Identification Number can create or access their IRS Individual Online Account to get information they need to file their return.
With an IRS Individual Online Account, people can:
View balance owed, payment history and schedule payments.
Cancel scheduled payments – new feature for 2024.
Get transcripts.
View or create payment plans.
See digital copies of some IRS notices.
View key data from their most recently filed tax return, including adjusted gross income.
Validate bank accounts and save multiple accounts, eliminating the need to re-enter bank account information every time they make a payment.
View, approve and electronically sign power of attorney and tax information authorizations from their tax professional.