Only received $447 from TurboTax deposit instead of my full refund - where's the rest?

This is likely because you had TurboTax fees taken out of your refund. When you choose to have preparation fees deducted from your refund, TurboTax creates a temporary bank account where your full refund goes first. Then they take out their fees (could be filing fees, state fees, audit defense, etc.) and forward the remainder to your bank account. Check your TurboTax account to see the breakdown of fees. You should see something like: - Federal filing fee: $89-119 - State filing fee: $49-59 per state - Refund processing fee: $39-49 - Plus any add-on services you selected Also, if you received an advance on your refund earlier, that amount would be deducted too. If the fees don't add up to the missing amount, contact TurboTax support directly as they handle the transfer process.

Instead of trying to piece together what happened, you should just use taxr.ai - it's a tool that tells you exactly what's going on with your refund by reading your transcript. I was in the exact same situation where part of my refund was missing and I spent days trying to figure it out. Taxr explained it all in seconds - showed me there was an offset for past taxes I owed that I completely forgot about. It's insanely good! I use it every time I have any questions about my taxes now. https://taxr.ai

After dealing with similar refund issues, I finally managed to talk to an actual IRS person using claimyr.com. Getting through to the IRS normally is impossible, but their app got me a callback from an agent in like 30 mins. The agent explained that part of my refund was held back because of an offset (old student loan). It was the only way I could talk to a live agent who could explain exactly where my money went instead of guessing. Best money I've ever spent to get some actual answers.

This happened to me last year. Turns out there was a debt offset I didn't know about (old parking tickets from college 🤦‍♂️). Check your transcript on the IRS website - you should be able to see if there were any offsets or adjustments to your refund. You can also call the offset hotline at 800-304-3107 to see if you had any offsets.

Did you owe any back taxes, student loans, child support, or other government debts? The Treasury Offset Program automatically takes money from tax refunds to pay those debts. You would have gotten a letter about it, but people often throw those away thinking they're junk mail.

Check if you had fees taken out. Also check if you got a refund advance earlier this year. And check if your state refund was separate.

call the irs and ask them. prepare to be on hold for 3 hrs tho lol

If you had your fees taken out of your refund, TurboTax creates a temporary bank account. Your refund goes there first, then they take their cut, then the rest goes to you. Check your TurboTax account for a breakdown.

Log into your TurboTax account and look at the refund section. It should show what happened to your refund. you might have a refund advance you forgot about, or maybe you selected to have your filing fees taken from your refund.

Y'all out here getting refunds???? 😭 I had to pay $2k this year

ive used taxr.ai for the past few months and it explains EVERYTHING about your refund status. Saved me so much time trying to decode all those weird transcript codes. I'd recommend checking it out at https://taxr.ai because it'll tell you exactly what happened to your refund!

sounds like you had fees taken out of ur refund. turbo tax fees + state filing + federal filing + any extras you added can add up to hundreds of dollars. source: happened to me last year and i was confused af

Did you check "Where's My Refund" on the IRS website? It should tell you if there were any adjustments made to your refund amount.

Did you get a refund advance? TurboTax offers those early refunds but then they recoup it when your actual refund comes in. That would explain the discrepancy.

THE IRS IS STEALING OUR MONEY WAKE UP SHEEPLE!!!1!!