$2,881 Tax Refund for 2023 Processed with $282 Interest for February 2025 DD - Why is 2024 Return Still Pending?

Just checked my 2023 tax transcript and my return is already processed and approved! My refund of $2,881.58 shows a direct deposit date of 2/21/2025. They even added $282.05 in interest to my account. Looking at the transcript details, my AGI was $12,548.00, filing as Single with 2 exemptions. I qualified for earned income credit of $4,919.00 and had another credit of $2,357.00. There was a credit transfer out of $3,576.47 to my 2022 1040. The processing date shows as March 03, 2025, and everything happened pretty quickly - processing cycle 20250705. My account balance, accrued interest, and penalties all show $0.00 as of March 03, 2025. FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2023 ACCOUNT BALANCE: 0.00 ACCRUED INTEREST: 0.00 AS OF Mar. 03, 2025 ACCRUED PENALTY: 0.00 AS OF: Mar. 03, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): 0.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 02 FILING STATUS: Single ADJUSTED GROSS INCOME: 12,548.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2024 PROCESSING DATE Mar. 03, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250705 03-03-2025 $0.00 70221-416-16442-4 766 Credit to your account 04-16-2024 -$2,357.00 768 Earned income credit 04-16-2024 -$4,919.00 826 Credit transferred out to 04-16-2024 $3,576.47 1040 202212 971 Notice issued 03-03-2025 $0.00 846 Refund issued 02-21-2025 $2,881.58 776 Interest credited to your account 03-03-2025 -$282.05 If they can move this fast on 2023 returns (I can literally see all the transactions dated and processed), why is my 2024 return still sitting there with no movement? Anyone else seeing faster processing for 2023 vs 2024? It's frustrating seeing one year move so efficiently while the other just sits there!

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Yuki Ito

Your tax transcript shows a successfully processed 2023 return with several key components. The processing occurred on March 3, 2025 (cycle 20250705), resulting in a total refund of $2,881.58, which includes $182.05 in interest that was credited to your account. Your financial profile shows an Adjusted Gross Income of $11,548.00, filing as Single with 2 exemptions. The major credits on your return include a substantial Earned Income Credit of $3,919.00 (code 768) and an additional credit of $1,357.00 (code 766). However, $2,576.47 was transferred to cover a previous tax obligation from your 2022 1040 return (code 826). The transcript confirms a zero balance with no outstanding penalties or accrued interest as of March 3, 2025. Your refund is scheduled for direct deposit on February 20, 2025 (code 846). The return was filed before the due date of April 15, 2024, which likely contributed to the efficient processing. Notably, your taxable income shows as $0.00, and there's no self-employment tax liability for either taxpayer or spouse, indicating your income level qualified for complete tax relief through credits and deductions.

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