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The situation, Federal Return was $1982 owed to me. The State return was $461 owed to them. Total return of $1982. However, I only recieved $842.36? What should i do?

any advice would be helpful
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3 Replies

The situation, Federal Return was $1982 owed to me. The State return was $461 owed to them. Total return of $1982. However, I only recieved $842.36? What should i do?

please review lines 30 and lines 28 of Form 1040.  THis is where most of the issues lie for most people.,

 

Line 30 is the Recovery Rebate you were entitied to if you did NOT receive the 3rd stimulus.  if you got everything you were entited to this should be zero.  you were entitefd to $1400 per person on your return (assuming your income was less than $150,000 filing joint)],  It was received last MArch - May , 2021 time frame

 

Line 28 is for the child tax credit/  it should be $3600 for each child under the age of 6 plus $3000 for each child 6-17 years old LESS what you received from July - December.  

 

If you are saying you are missing $1500, I wonder if you didn't already receive $1500 from Jul - December and didn't note that on TT when  asked when you completed your tax return.

 

The IRS will send a letter of explanation in a few weeks.

The situation, Federal Return was $1982 owed to me. The State return was $461 owed to them. Total return of $1982. However, I only recieved $842.36? What should i do?

Just a note that you cannot pay State taxes due from a Federal refund.  You must do so yourself.

The situation, Federal Return was $1982 owed to me. The State return was $461 owed to them. Total return of $1982. However, I only recieved $842.36? What should i do?

@frankortiz93 Your situation is not quite clear here.   You have mentioned that you were supposed to receive a federal refund, which was reduced.   And you mentioned that you owed tax due to the state.   Did you pay the state?   The state could not be paid from your federal refund.   You have to pay the state yourself, either by check or money order or on the state's tax website.   Did you do that?

 

If the IRS reduced your federal refund, you are going to receive a letter in a couple of weeks that explains why your federal refund was reduced.   As others have mentioned, it is very likely to be related to a mistake made with the child tax credit or the recovery rebate credit, so those are two things you can start to check on yourself while you wait for the IRS letter.   See if you had an incorrect amount on line 28 for the child tax credit or an incorrect amount on line 30 for the recovery rebate credit.

 

 

Check your online IRS account.

 

 

https://www.irs.gov/payments/your-online-account

 

 

https://blog.turbotax.intuit.com/tax-refunds/why-is-my-tax-refund-not-what-i-expected-49240/

 

https://www.irs.gov/newsroom/questions-and-answers-about-the-third-round-economic-impact-payment-top...

 

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.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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