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Why is my federal taxes short 120 dollars

1 Reply
Intuit Alumni

Why is my federal taxes short 120 dollars

If you are asking why your refund is less than what you expected; 

Here are a few reasons your refund you expected is less than what you received from the IRS: 

  1. Your refund may be different if you used the Refund Processing Service to pay your TurboTax Online fees. TurboTax fees plus the additional processing fee is deducted from your Federal Tax refund.
  2. It could be due to a refund offset.
  3. A positive or negative change in your refund can also be due to the IRS making a change to your tax return. 

You will receive a notice from the IRS explaining the reason for the reduction if they adjusted your refund. Please see this for more information:

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