Based on my experience working in tax preparation for several years, I can confirm that the 846 code is one of the most reliable indicators in the IRS system. Once you see this code with your direct deposit date, the funds have officially been released from the Treasury and are in the banking pipeline. Since your 846 posted on 2/22, you should expect to see the deposit by 2/27 at the absolute latest, assuming no banking holidays. The amended return aspect is actually a non-factor at this point - all verification and processing has been completed before the 846 code appears on your transcript. Here's what I typically tell clients in your situation: - Most deposits arrive within 2-3 business days of the 846 code - Check your account early morning (around 3-6 AM) when banks typically process overnight ACH batches - Don't panic if it takes the full 5 business days - this is still within normal parameters - Your bank may not show it as pending, so it could appear without warning The fact that your transcript shows the corrected amount is actually excellent news - it means all your amended return adjustments have been properly processed and approved. You're in the home stretch now!

I wanted to share my recent experience since it might help calm some nerves for those waiting! I just went through this exact situation last month - my 846 code appeared on a Tuesday with a DDD for that Friday, and I was checking my account obsessively just like many of you are doing now. The deposit actually hit my account (Chase) at 2:47 AM on the exact DDD, which was exactly 3 business days after the 846 code appeared. No pending notification beforehand, just suddenly there when I checked in the morning. What really struck me reading through this thread is how consistent everyone's experiences seem to be once you account for different banking processing schedules. The 1-5 business day window that keeps getting mentioned appears to be very accurate based on all the data points people are sharing here. For those of you still waiting (especially @Kiara Greene, @Charlotte White, and @Carmella Fromis), you're all still well within the normal timeframe. The anxiety is totally understandable - I was the same way - but based on everything shared here, your deposits should be arriving very soon. Keep checking those early morning hours, and please update us when they come through! This community knowledge sharing is incredibly valuable for future filers.

This has been an incredibly informative discussion! I'm currently serving as trustee for my cousin's special needs trust and have been struggling with many of these same issues. Reading through everyone's experiences has really clarified some things I was uncertain about. I wanted to share something that might be helpful - we discovered that our state (Ohio) has a Special Needs Alliance chapter that offers free educational workshops for trustees. They covered topics like the interaction between trust taxation and benefit preservation, proper documentation practices, and coordination with ABLE accounts. The workshop was led by an attorney who specializes in disability planning and a CPA who handles nothing but special needs trust returns. One thing they emphasized that I haven't seen mentioned here is the importance of getting a proper disability certification letter for qualified disability trust status. While most special needs trusts automatically qualify, having documentation from a physician confirming the beneficiary meets Social Security disability criteria can be important if you're ever audited. The IRS apparently looks for this during examinations of qualified disability trust returns. Has anyone here had experience with IRS audits of these types of trusts? I'm curious about what specific documentation they typically request and how common these audits actually are for smaller trusts like ours that only generate a few thousand in annual income.

The Special Needs Alliance has chapters in most states and many do offer educational resources! You can find your local chapter through their national website at specialneedsalliance.org. Even if your state chapter doesn't offer regular workshops, many have resource libraries and can connect you with attorneys and CPAs who specialize in disability planning. I've found their materials particularly helpful because they address the intersection of tax law, disability benefits, and trust administration - which is exactly what we need as trustees but is rarely covered comprehensively elsewhere. Regarding the disability certification letter, you're right that SSI eligibility is strong evidence, but having a physician's letter specifically referencing the Social Security disability criteria can be helpful documentation for your trust file. Some attorneys recommend getting this updated every few years, especially if the beneficiary's condition could potentially change. One other resource I discovered is the Arc's National Center on Criminal Justice and Disability - they have some excellent guides on financial management for people with disabilities that helped me understand the broader context of what we're trying to accomplish with these trusts beyond just the tax compliance aspects.

I went through this exact same situation last year with about $25 in stock profits. After reading through all the comments here, I decided to call the IRS directly (yes, it took forever to get through). The agent told me something that might help clarify things for everyone: The key isn't the profit amount - it's whether your broker reported the cost basis to the IRS on your 1099-B. Look at your 1099-B form and check if there's basis information included. If it shows "basis reported to IRS" or has the cost basis filled in, then the IRS already has all the information they need and you likely don't need Form 8453. However, if your 1099-B shows the sale proceeds but NOT the cost basis (common with older accounts or certain types of trades), then yes, you need to send Form 8453 with documentation regardless of the tiny profit amount. For my $25 situation, it turned out my broker HAD reported the basis, so I didn't need to send anything extra. Check your 1099-B first before assuming you need to mail anything!

This is really helpful information from everyone! I'm dealing with a similar situation but with crypto trades instead of stocks. Made about $45 in profits from some Bitcoin trades last year and my tax software is also telling me I need Form 8453. From what I'm reading here, it sounds like the key is whether the exchanges reported my cost basis to the IRS. Most crypto exchanges don't provide 1099-B forms like stock brokers do - they usually just give you a 1099-K or their own transaction summary. Does anyone know if the same "basis reported to IRS" rule applies to cryptocurrency transactions, or do crypto trades automatically require the Form 8453 documentation regardless of the amount? I'm trying to figure out if I can avoid mailing in 20+ pages of crypto transaction records for such a small gain.

Whatever you do, stay away from the "free" tax preparation software. I tried using FreeTaxUSA for my side gigs last year and it was TERRIBLE for handling multiple 1099s properly. Ended up having to pay a professional to fix all the mistakes after I got an audit notice.

Reading through all these comments, I'm seeing a lot of different options mentioned. As someone who's dealt with IRS compliance issues for small businesses, I'd suggest being really careful about who you trust with a complex situation like yours. The $800 Jackson Hewitt quote isn't unreasonable given your circumstances - 18 income sources plus an unfiled year is genuinely complex work. But before you commit, I'd recommend getting a second opinion from an Enrolled Agent (EA) or CPA who specializes in gig worker taxes. They're often more experienced with the specific deductions and strategies that can really benefit someone in your situation. Also, since you mentioned getting over $6,300 back, make sure whoever prepares your return explains the refund breakdown. With that much self-employment income, you want to understand if you should be making quarterly estimated payments going forward to avoid penalties next year. That's something a good tax professional should definitely discuss with you as part of their service.

I fixed this exact problem last year by using the "Married but withhold at higher Single rate" checkbox on my W-4. It's simpler than trying to calculate an exact additional withholding amount. This basically makes your withholding closer to what a single person would pay on the same income, which is usually about right when both spouses work. We had the EXACT same situation - my wife's taxes were like 11% and mine were only 6%. After checking that box and submitting a new W-4, my withholding went up to about 15%, which was a little high, but we'd rather get a refund than owe.

This is such a frustrating but common issue! I went through the exact same thing last year. The key problem is that the W-4 form changed significantly in 2020, and most people (including HR departments) don't fully understand how it works for two-earner households. What's happening is that each employer is calculating withholding as if that's your only household income. So your husband's employer sees his $78K salary and thinks "married filing jointly with one child = low tax burden" without knowing about your $115K income that pushes your combined household into much higher tax brackets. Here's what worked for me: I used the IRS Withholding Estimator (irs.gov/W4App) with both our incomes and it calculated that we needed an additional $520 per month withheld from my husband's paycheck. We put this amount in Step 4(c) of his W-4 as "Extra withholding per pay period." For your 2024 taxes that you'll owe, definitely file by April 15th even if you can't pay the full amount immediately. The failure-to-file penalty is much worse than failure-to-pay. You can set up a payment plan online at irs.gov if needed. The silver lining is that once you fix the W-4 forms properly, this won't happen again in 2025!