Question

Before filing, why did my federal refund drop nearly $2,000 and my state refund drop nearly a thousand dollars, without me making any changes?

Forum|Forum|4 years ago
February 11, 2022
1 reply
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Because of the Maryland glitch (Form 8582 will be "available soon"), I was waiting for TurboTax to update the form before filing. During that time, both of my refund amounts dropped considerably between when I first worked on my taxes and when I logged into check it. I'm not aware of making any changes, yet it plummeted.

TurboTax Self Employed Online

AmyC

Employee

The program automatically updates your return when forms are added, laws change, etc. Always check your return before filing to ensure its accuracy for your situation. Since the form 8582 deals with passive losses, those could have been limited.

2021 Instructions for Form 8582 - Internal Revenue Service

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