Question

Refund amount changes

Forum|Forum|5 years ago
April 13, 2021
1 reply
0 views

When I filed my federal taxes in late March, 2021, TurboTax said I owed $755. I selected to pay by debit and scheduled the withdrawal for 5/14/2021 and e-filed my return. Today (4/13/2021) I launched TurboTax and allowed it to update. When I go into my return, it says I have a federal refund due of $3352. I understand this could be due to changes to how unemployment wages are taxed, but what should I do? Since I'm eligible for a refund, do I file an amended return? Since the debit for my expected payment hasn't occurred yet, do I cancel it? If so, how?

M

MAK70

The IRS has said NOT to amend if your only change is the Unemployment income- it will recalculate the changes and send you a refund.

To be safe, call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.

Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.

S

slekutisAuthor

How do I know that the change in my payment/refund was due to unemployment income? I made no changes to my return. The difference occurred without any input from me.

J

JeanneLO

Employee

They system automatically updated if you had unemployment income for tax year 2020. You can review your tax return to see the changes by following the steps below. Just make sure you don't change anything.

To go back into your current year tax return follow these steps:

Sign into TurboTax if you haven't already.
On the Tax Home screen, scroll down and select Add a State (don't worry, we're not adding a state) to access your tax forms and worksheets.

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