You'll need to sign in or create an account to connect with an expert.
Just guessing but...That looks like the IRS removed $2400 of stimulus payments you indicated that you did not receive but the IRS believes you received the payments.
Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.
Go to this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions
All or part of your refund, including any amount for the Recovery Rebate Credit, may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans. To find out if you may have an offset or if you have questions about an offset, contact the agency to which you owe the debt.
We also may have changed your refund amount because we made changes to your tax return. This may include corrections to any incorrect Recovery Rebate Credit amount. You’ll get a notice explaining the changes. Where’s My Refund? will reflect the reasons for the refund offset when it relates to a change in your tax return.
Tax Topic 203, Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemplo... has more information about refund offsets.
My refund was reduced by $2400 because I perhaps failed to report $1200 in stimulus payments? Does not seem rational. If this is the best TurboTax can do, I will not be using your services next filing period.
@bgriffin9404 wrote:
My refund was reduced by $2400 because I perhaps failed to report $1200 in stimulus payments? Does not seem rational. If this is the best TurboTax can do, I will not be using your services next filing period.
As was stated...It was a guess. Until the IRS sends you a notice in the mail there is no way to know why the IRS reduced the refund.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
adomkyaagba
New Member
tandrews20
New Member
thelupines917
New Member
jennheim4
New Member
faithonthecross
New Member