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March 18, 2021
Question

Tax refund Reduced

  • March 18, 2021
  • 1 reply
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After Turbo determined my Federal  tax ,, my refund amount was reduced by the amount ($1200.00) of the 2nd stimulus which I had already received . Why 

    1 reply

    March 18, 2021

    The software is set up to give you the second stimulus check in your tax return using the Recovery Rebate Credit until you answer the question stating the amount you did receive, then it takes it back out if you did get it.

     

    That is a good thing, because if you filed it that you didn't get it and then IRS sent it to your, then they are delaying some refunds while they look at the returns.