The most common reason for this is a refund offset. All or part of a taxpayers refund may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans.
Why did I only get half of my stimulus?
The IRS used your 2019 or 2020 taxes and it made your total smaller. Because the third check timing lands in the middle of 2020 tax season, the IRS will use either your 2019 or 2020 taxes (whichever’s on file when it sends your payment) to determine how much you’ll get.
What happens if you file an incomplete tax return?
If you made a mistake on your tax return, you need to correct it with the IRS. To correct the error, you would need to file an amended return with the IRS. If you fail to correct the mistake, you may be charged penalties and interest. You can file the amended return yourself or have a professional prepare it for you.
Can you file partial taxes?
Taxpayers who owe but can’t pay in full have several options for meeting their tax obligations. The IRS offers various electronic payment options to make a full or partial payment with your tax return. Taxpayers who e-file their return may use the electronic funds withdrawal option for submitting a payment.
Why was my refund less than expected?
If your refund was less than you expected, it may have been reduced by the IRS or a Financial Management Service (FMS) to pay past-due child support, federal agency nontax debts, state income tax obligations, or unemployment compensation debts owed to a state.
What should I do if I only got half of my stimulus check?
If you are eligible for a whole or partial payment but didn’t receive it, you may be able to claim the Recovery Rebate Credit on your 2020 tax return. If the Get My Payment tool says your payment was sent to you electronically or by mail, you may need to contact the IRS for more information.
What happens if you make a partial payment to the IRS?
Even the IRS suggests you may be wiser to borrow money for payment of your taxes. The penalty and interest continue for failure to pay, and the IRS can levy a federal tax lien against your property although you have an agreement in place. If you miss an installment, the IRS charges a fee to reinstate your agreement.
