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January 13, 2021
Question

Why did the amount that I received from both stimulus checks get subtracted from my state refund?

  • January 13, 2021
  • 1 reply
  • 0 views
I was entering in the data for Turbo Tax to calculate how much I was getting back. It asked me if I had received both stimulus checks and for what amount. Then the amount that I entered for both checks were then subtracted from my estimated state refund calculation. Now it is like I am not getting anything back.

1 reply

SteamTrain
Employee
January 13, 2021

What state?

 

IF Oregon, the amount of the stimulus is applied against your Federal tax Liability....so your OR income deduction for Federal tax liability is reduced....i.e. a smaller OR income deduction.

 

IF not Oregon, a similar condition may occur if your state allows an income deduction for the Federal tax liability.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*