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niktate84
New Member

Why is my tax return lower?

 
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5 Replies
Cynthiad66
Expert Alumni

Why is my tax return lower?

I think you mean that your refund is lower than you expected.  If so, we have seen numerous reasons that the IRS is adjusting refunds with the two most common being the Stimulus and Advanced Child Tax Credit., taxpayers may have erroneously misstated the amount of Stimulus payments received or failed to state the correct amount of the ACTC.

 

In any event, the IRS will send a Notification of adjustment in a few weeks to explain the exact amount adjusted.  TurboTax does not process refunds nor does the IRS inform TurboTax of any changes on taxpayers returns.  So all inquiries should be made to the IRS.

 

In most cases

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Why is my tax return lower?

Yea I’m $1400 short, so they will send out a email refunding the money or what do I have to do 

Why is my tax return lower?


@Saheemberry wrote:

Yea I’m $1400 short, so they will send out a email refunding the money or what do I have to do 


If your refund is short $1,400 then the IRS has records that show you were sent the 3rd stimulus payment so they removed the $1,400 Recovery Rebate Credit that was entered on Form 1040 Line 30.


Go to this IRS website for your tax account to see if the 3rd stimulus payment is entered - https://www.irs.gov/payments/your-online-account


If you checked your bank account in the March - May 2021 timeframe and there is not a $1,400 EIP3 payment from the IRS then go to this IRS website for how to start a trace on the payment - https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-j-p...

niktate84
New Member

Why is my tax return lower?

I understand everything that you are saying, I look forward to an explanation because I used the amount that they sent me VIA mail to use when I file my taxes. 

Why is my tax return lower?

The IRS will be mailing (not mailing) you a letter in 2-4 weeks.

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