Question

TTax calculated different refund amount than received.

Forum|Forum|4 years ago
March 21, 2022
1 reply
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My AGI was 7,875 for 2021. "TTax calculated 12,550 for standard deduction, and recovery rebate credit $1,400. I only received the EIC of 1,205.. + the 76. fed tax I paid = 1281. I received 1281. TTAX calculated 2,681. What happened?

DoninGA

Employee

Does the IRS website indicate that you were sent less than what was reported on your federal tax return Form 1040 Line 34? - https://www.irs.gov/refunds

If your refund is short $1,400 then that is because you said you did not receive the 3rd stimulus payment and 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-payment-issued-but-lost-stolen-destroyed-or-not-received