What does it mean when it says adjusted refund amount?

What does it mean when it says adjusted refund amount?

Adjusted refund amount means the IRS either owes you more money on your return, or you owe more money in taxes. For example, the IRS may use your refund to pay an existing tax debt and issue you a CP 49 notice.

What’s the difference between accepted and approved IRS?

Once your return has been “Accepted” its status will remain the same until it has been “Approved.” This would mean it has been processed and that the IRS has approved the release of your refund.

What is the difference between approved and accepted?

Not yet. Accepted means your tax return is now in the government’s hands and has passed the initial inspection (your verification info is correct, dependents haven’t already been claimed by someone else, etc.). After acceptance, the next step is for the government to approve your refund.

Why would the IRS change my refund amount?

Topic A: Claiming the Recovery Rebate Credit if you aren’t required to file a tax return

  • Topic B: Eligibility
  • Topic C: Claiming the Credit
  • Topic D: Calculating the Credit
  • Topic E: Receiving the Credit
  • Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit
  • What does an adjusted refund amount mean?

    – Past-due child support; – Federal agency non-tax debts; – State income tax obligations; or – Certain unemployment compensation debts owed to a state (generally, these are debts for (1) compensation paid due to fraud, or (2) contributions owing to a state fund that weren’t paid).

    Why did my tax refund get reduced?

    Past-due child support;

  • Federal agency non-tax debts;
  • State income tax obligations; or
  • Certain unemployment compensation debts owed to a state (generally,these are debts for (1) compensation paid due to fraud,or (2) contributions owing to a state fund that weren’t paid).
  • How long does it take to receive an amended refund?

    It can take up to 12 weeks for an amended return to process. You can check on its status using this website: When calling the IRS do not choose the first choice re: “Refund”, or it will send you to an automated phone line. Choose option 2 for “personal income tax” instead.