Question

2021 Tax forms

Forum|Forum|3 years ago
August 31, 2022
1 reply
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I filed my taxes thru Turbotax last year. The IRS changed my amount of refund to $2800 less than what was on on my tax return. How can I avoid this on my taxes this year?

DoninGA

If your refund is short $2,800 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 $2,800 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 are Married Filing Jointly also check your spouse's tax account.

If you checked your bank account in the March - May 2021 timeframe and there is not a $2,800 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

The Recovery Rebate Credit is only used for stimulus payments not received. There are no stimulus payments in 2022 so the Recovery Rebate Credit will not be on the 2022 federal tax return.