For tax year 2020, the CP11 notice is used mostly to report a discrepancy in the amount you reported as stimulus payments received and the amount the IRS has on file in their database.
The notice indicates the IRS has adjusted/removed all or part of the Recovery Rebate Credit claimed on line 30 of your accepted tax return. Although the notice indicates a variety of reasons for the adjustment, the 'miscalculation' on the return is due to the discrepancy between what you manually entered you received as stimulus payments and what the IRS has on file as being sent.
How much were the stimulus payments?
The first stimulus payments issued were: Single filers received $1200, Married Filing Joint taxpayers received $2400 and Qualifying Dependents received $500.
The second stimulus payments were $600 per qualifying individual.
The third stimulus payments were $1,400 per qualifying individual but are not reported on the 2020 return.
You can check the amounts of the stimulus payment the IRS has on record as being sent to you on the IRS website.
What do I do? Can I amend my return to get the full refund?
Generally, you will not need to amend your return.
- If the stimulus payment was offset to pay a past due obligation, you effectively received the payment and should have indicated the stimulus was received. The IRS has adjusted the refund for you and you do not need to take any action.
- If you did receive the stimulus payments the IRS has on record or made an adjustment to the amount of stimulus received after the return was filed, the IRS has adjusted the return for you. You do not need to take any action.
- If you did not receive the stimulus payment the IRS has on record, you will disagree with the notice so the IRS can track the stimulus payment to determine where it was sent. The notice indicates you should call them at 800-829-0922 to review the account with a representative. Have a copy of your tax return available when you call.