Home > An IRS Mystery

An IRS Mystery

September 1st, 2021 at 12:34 am

I was reviewing my month-end expenses and investments today when I noticed an unexpected deposit of $2,900 in my checking account from the IRS. Umm, I have no idea what this is. I got my tax refund of about $300 back in March, and there aren't any stimulus checks lately.

I'll call the bank tomorrow; maybe they can shed some light on this. Just hope it's not a mistake of some sort (!) but I really can't imagine what this is!!

So, my cousin has departed after spending 4 days with me, with the main purpose being to accompany me to the surgeon's office. I got all good answers from the surgeon, so I have scheduled my knee surgery for later this month. It's artheroscopic surgery done on an out-patient basis at the surgeon's surgical center, not the hospital. For all these reasons, it's cheaper. It's also done using only local anesthesia, which greatly lessens any risks associated with general anesthesia.

I sure hope this will fix my knee injury and allow me to walk normally again. Cost-wise, I have gotten various medical codes needed so my insurer can give me an estimate as to cost tomorrow, but my deductible is $4300, which I haven't met, so I guess that would be the max out of pocket.  I also confirmed that the anesthesiologist is in-network.

It's a good thing I haven't really spent much on home improvements/maintenance stuff this year. This will be a "self-improvement"! I gave physical therapy exercises, done at home on a daily basis, a year-and-a-half, but it's only improved the knee "to a degree."  I also spent some time seeing a physical therapist in 2020, but all but the first visit was virtual with $0 copays. Then this year I tried another round of therapy with a different group, so that did cost a few hundred dollars.

The surgeon said I had done a good job increasing my range of motion with the knee, but it's still super tight and very sore if I walk for any length of time. He said the ACL tear I had in my 20s (for which I don't even remember seeking any treatment) led to the menescus tears, but that I lucked out in that I was able to get by for 40 years without a problem, which is true. But I had thought I must have caused the menescus tears during an at-home workout.

I was able to procure a free set of crutches from someone on my Buy Nothing group.

My cousin will come out again to drive me to and from the hospital, and stay with me a few days until I get on my feet. Doc said I only need to use the crutches for the day of surgery and the day after...that's it....and no special physical therapy is required, and that I can do exercises at home.

Aside from the doctor's visit, my cousin, my dad and I went out to some very nice lunches and dinners each day, and breakfast on one day. On one day, when cousin spent the day with my father, I went off with a friend to 2 garden conservancy open houses about an hour's drive north of here. They were great, and the ride up there, all via back roads, was really enjoyable. I kept passing farm stands (and a sign for fresh bread!) that I really wanted to stop for, but I was supposed to meet my friend there so didn't want to be late. She was going elsewhere after the garden tours, so I needed to drive myself. On the way from one garden to the next,  we saw a black bear in a cornfield.



12 Responses to “An IRS Mystery”

  1. livingalmostlarge Says:

    it means maybe you overpaid and they found an error in your favor?

  2. Laura S. Says:

    Good luck on your surgery. I thought of you this past Saturday. I was in CT (Southbury).

  3. crazyliblady Says:

    I heard there is another stimulus coming out, but the only news article I saw about it said it is for those who collected unemployment.

  4. MonkeyMama Says:

    The IRS will send you a notice in several weeks, that may or may not give you clarity on the situation. Probably an error correction.

    They are doing a lot of unemployment refunds (UI became retroactively tax-free. & then they decided first $20K was tax-free for married people in community property states).

  5. MonkeyMama Says:

    So that's a lot of the refunds they are doing right now. But I also doubt this applies to your situation.

    (This part got cut off on my first comment??)

  6. ironicone Says:

    Did you use the ACA marketplace? There were refunds related to that.

  7. PatientSaver Says:

    Thanks for all your answers....I called the bank but they were unable to shed any light on the payment, and I tried calling IRS but they disconnected me after saying they are having an "extremely high call volume" today.
    I did collect unemployment last year only, not this year. I am on the ACA marketplace. My monthly premiums did drop this summer, but not by that much. It seems like too much $$ to be taxes paid on unemployment benefits.

    Hopefully I will receive a letter from the IRS explaining all, although you'd think the letter would go out first, or simultaneously with the deposit. I'll try calling them again tomorrow. I just want to make sure, if it is a mistake on my part, that I understand what happened so it doesn't happen again! In the meantime, I'm certainly very happy at this new "found" money.

  8. Dido Says:

    Up to $10,200 of unemployment would be tax free for you in 2020 (a decision that was made after tax season had gotten going), so if you had your unemployment included in your total income on your 2020 return, that's part of what you received. And lower AGI would influence other amounts on your return. I'd keep the money in your checking or savings account until you get the explanatory letter from the IRS.

    Good luck with the surgery; glad to hear it will require so little time on crutches and I hope you have the outcome you desire with it!

  9. patientsaver Says:

    Thanks, Dido. I just looked again at my 2020 tax return and see I reported $1,555 in federal income tax withheld for unemployment (and another $464 in state taxes). So that must be a big chunk of it then.

  10. PatientSaver Says:

    The IRS makes it virtually impossible to reach a live person unless your topic falls into one of several very narrowly defined perimeters. I've given up on doing so. They don't have a category for "I received a check and have no idea why."

  11. crazyliblady Says:

    According to the IRS, you could create an account with them in order to verify payments like this and what they are for.

  12. rob62521 Says:

    Hope your knee surgery goes well.

    Hopefully your detective work was accurate and you discovered the source of those mystery funds!

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