Problem with my tax refund
I got my refund back today (in fact it just posted online to my bank), and I noticed that my refund is MORE ($300 more, to be precise) than what I filed for (i.e. if my refund on my 1040 was $100, I got back $400 instead).
What's going on? Should I be concerned? Should I call the IRS?
The only thing I can think of is that last year when I filed taxes for some reason Turbo Tax didn't include my second child in my tax filings (I filed an amendment after realizing the mistake by Turbo Tax), and when I got the tax rebate back, as expected it was short $300 for the second child but I had assumed that was taken care of by my amendment filing (which IRS didn't bother to break down for me when I got some more money back).
What's going on? Should I be concerned? Should I call the IRS?
The only thing I can think of is that last year when I filed taxes for some reason Turbo Tax didn't include my second child in my tax filings (I filed an amendment after realizing the mistake by Turbo Tax), and when I got the tax rebate back, as expected it was short $300 for the second child but I had assumed that was taken care of by my amendment filing (which IRS didn't bother to break down for me when I got some more money back).
Don't worry, if they made a mistake they'll come get the money.
On a better note, my accountant told me a round number for how much my refund was this year and it was HUGE! Well go to pick up my taxes and his round number was 25% less than the actual number!
On a better note, my accountant told me a round number for how much my refund was this year and it was HUGE! Well go to pick up my taxes and his round number was 25% less than the actual number!
you are probably right about the 300$ being missed for the second child since it was based on your previous filing. I helped my friend out with her taxes and since she was claimed by her parents on her previous filing, she didnt get the 600$ stimulus check. However since that was based off her old filing when she filed this year as a dependent she got the $600 for being a dependent all of 2008. So you should be in fine shape.
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