Not sure if anyone mentioned this yet but I just bumped into a client and she received IRS check apparently for the refund of the health insurance penalty adjustment... Looks like they are going out now...
I saw a few reports of interest on refunds in other groups. My clients arent generally that aware of the exact amount of their refund, so as long as its close, I probably wont hear from them.
@IRonMaN@Just-Lisa-Now-@BobKamman return was e-filed approximately February 19th... She only was on the health insurance for two months before going on Medicare / supplement... She made too much money so I believe it was 100% penalty for approximately $900 total... she was quite surprised when she got the check ..... I give the IRS credit... I did not want to have to amend those returns... We have enough work to do....
I have one with a "normal"(?) Refund that was efiled and accepted February 13th. We did use 2019 income to calculate EIC and child tax credit. She just received her refund on May 7th that included interest.
I have one with a "normal"(?) Refund that was efiled and accepted February 13th. We did use 2019 income to calculate EIC and child tax credit. She just received her refund on May 7th that included interest.
Good to know. I've had several with 2019's info being used. I only had one who reached out to inform me they had been waiting for refund after 6 or so weeks.
I just called one of the other one of my clients that I knew had been waiting since mid February that we used the 2019 income for EIC and CTC. She got her refund plus interest also last week. Both of these were also filed with unemployment included and this was not adjusted for on the refunds either one of them received.
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