Mine was because I claimed the Recovery Rebate Credit. They just needed me to prove I didn't receive the stimulus payment. Check if you claimed any special credits this year that might need verification.

I went through this exact same situation last year! The "Action Required" status with Tax Topic 152 is actually pretty routine - it usually means they need to verify something on your return before processing your refund. In my case, it was because we had a significant change in our income compared to the previous year, which triggered their automated review system. The waiting for the letter is definitely the most frustrating part, but once you get it, the instructions are usually pretty straightforward. Mine took about 10 days to arrive (not the full 2-3 weeks they estimated), and they just needed copies of our W-2s and a signed statement confirming our filing status. One thing that really helped me was pulling my tax transcript from the IRS website to see if there were any transaction codes that might give a hint about what they're looking for. The codes can be confusing, but sometimes you can piece together what triggered the review. Don't stress too much about it - in most cases, as long as you respond promptly with the requested documentation, you'll get your full refund. It just adds a few extra weeks to the process. The key is to respond exactly as they ask and keep copies of everything you send them.

I commissioned art on Fiverr last year too and was confused about this same thing. My tax software actually asked me if I paid anyone over $600 for services and I wasn't sure how to answer.

This is a really common confusion! I had the exact same worry when I hired someone on Fiverr for graphic design work last year. The key thing to remember is that as an individual consumer (not a business), you don't have any 1099 filing obligations at all, regardless of the amount you spend. The $600 threshold that your accountant friend mentioned only applies to businesses paying independent contractors directly. Since you paid through Fiverr's platform, they handle all the tax reporting responsibilities. Fiverr will issue appropriate forms (like 1099-K) to sellers who meet their reporting thresholds. Your situation is no different from buying something on Amazon or eBay - you're a consumer making a purchase through a marketplace platform. The platform manages the tax obligations between themselves and their sellers. You can focus on your own tax prep without worrying about issuing any forms to the artist!

From what I've gathered from the community, most people seem to be on cycle 05 (Friday updates), but there are possibly other cycles too. It might depend on your filing status, whether you have certain credits, or perhaps even the last two digits of your SSN - though I'm not entirely sure about that last part. The most reliable way is probably checking your transcript for the cycle code, which should be a number ending in 01-05.

I've been tracking IRS cycles for three tax seasons now, and here's what I've learned that might help with your 14-day timeline. The cycle code appears in the upper right corner of your Account Transcript (not Return Transcript) as a format like 20241205. The last two digits (05 in this example) indicate your cycle - 01=Monday through 05=Friday. Most individual filers are on cycle 05, which means your transcript updates Friday nights and deposits typically hit 3-5 business days later (Wednesday-Friday of the following week). Given that you're at day 23 and need funds in 14 days, check your Account Transcript this Friday night after 11 PM. If it updates with a deposit date (DDD), you should receive your refund within your timeframe. If no update, you'll likely need to wait another full cycle (7 days). The key is checking the RIGHT transcript - Account, not Return.

One thing to consider - if you were receiving pandemic unemployment during that same period, reporting the additional income might affect your eligibility for those benefits. The unemployment system might determine you were overpaid benefits based on your actual income.

Just want to emphasize what others have said - definitely file that amended return ASAP. I had a similar situation in 2020 where I underreported by about $15k from freelance work. The longer you wait, the more interest accumulates, and the IRS has that 6-year window for substantial underreporting like yours. One thing that helped me was keeping detailed records of when I discovered the error and what steps I took to correct it. I included a letter with my 1040-X explaining the honest mistake and how I found the missing records. The IRS actually waived most of the penalties because of the voluntary disclosure and good faith effort to correct it. Also, double-check that your business deductions are solid before filing the amendment. Since you're already drawing attention to that tax year, make sure everything else is bulletproof. Better to be conservative on deductions than give them any reason to dig deeper.

This happened to me too! Check if you received cost sharing reductions (CSR) with your plan. If you had a Silver plan with cost sharing reductions but your final income came in above the CSR threshold, you might lose those reductions even though you still qualify for premium tax credits. This doesn't affect the premium itself but could explain why your refund changed. Also, make sure TurboTax didn't accidentally check the "married filing separately" box which makes you ineligible for premium tax credits in most cases.

I've seen this exact issue several times, and it's usually related to the benchmark plan calculation when you move states mid-year. Since you moved from Nebraska to Colorado in June but kept your Nebraska marketplace plan, the system needs to calculate different benchmark premiums for each state period. Here's what likely happened: Your 1095-A shows the advance premium tax credits you received based on Nebraska's benchmark plans for the full year. But for tax purposes, once you moved to Colorado, the calculation should use Colorado's benchmark plan costs for June-December. Colorado likely has different (possibly higher) benchmark premiums than Nebraska, which would reduce your allowable premium tax credit for those months. The good news is this can often be corrected. In TurboTax, when you're completing the ACA section, make sure to indicate that you moved during the year AND that this move affected your marketplace coverage. This should trigger the "alternative calculation for year of move" option on Form 8962. You'll need to enter separate benchmark amounts for your Nebraska period (Jan-May) and Colorado period (June-Dec). If TurboTax isn't offering this option, you might need to override the automatic calculation and manually complete Form 8962 using the worksheets in IRS Publication 974. The key is getting the correct benchmark premium amounts for each state during your respective residency periods.