I opened TurboTax to see if I could change my State tax. When I opened it, it asked if I wanted to update the program. So I did. Now my Federal Tax return is showing a different amount owed to us (we paid when I filed back in early March). Why is that? Should I file an amended tax return?
Did you save a pdf or printout after you filed so you can compare what updated? Did you have unemployment? Friday 3/26 there was a big update for that. Or when did you file? There are updates every Thursday.
Thanks so much SweetieJean. Yes, it's the unemployment that changed!
Thank you so much, VolvoGirl. It's the unemployment that made it change!
The same thing happened to me. I originally owed 1400+ and now am getting a refund. Are you filing an amended return?
@LKelley315 - IRS has asked that folks do NOT submit an amended return for the unemployment refund.... they have stated they have all the information they need to figure it out on their own..... they asked all just 'sit tight'
you can google many articles about that,
Thanks for the info. Do you happen to know when they might return my original refund they took from my bank account? Or provide a link?
this is the latest from the IRS
https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021
Hi, see the other answers in this thread. Sounds like we need to sit tight until the IRS gets back to us.
My totaled amount owed for federal taxes went down after I already filed. Is that because I was on unemployment?
most likely and probably so..... IRS says not to file an amendment as they intend to send out refunds beginning in May and it'll take them most of the summer to get to everyone.