just be patient bro... my refund was 6 weeks late last yr and 4 weeks late this yr. the irs is a joke.

I had a very similar situation last year with FreeTaxUSA and a different online bank. My refund was "approved" with a deposit date that came and went with nothing. Turns out there was a mismatch between the account holder name on my tax return and what the bank had on file - even though it was just a middle initial difference. The IRS automatically converts failed direct deposits to paper checks, but they don't always update the WMR tool to reflect this change. Since you already found code 570 on your transcript, that confirms they're reviewing something. I'd recommend calling both FreeTaxUSA customer service to verify they transmitted your banking info correctly, and also try to get through to the IRS to see if your direct deposit was rejected. The paper check route takes forever but at least you'll eventually get your money. Good luck dealing with this mess!

I went through this exact same nightmare last year! The good news is this is almost certainly a data entry issue, not an actual problem with your HSA distributions. When you enter your 1099-SA, most tax software will ask you separately whether the distributions were used for qualified medical expenses. If you miss this step or accidentally indicate "no," the software assumes the worst case scenario and treats it as a taxable distribution plus that awful 20% penalty. Since you mentioned having receipts for doctor visits, prescriptions, and a medical procedure, you're definitely dealing with qualified medical expenses. Go back to the HSA section in your tax software and look carefully for checkboxes, dropdown menus, or follow-up questions about the purpose of your distributions. The math on your situation makes sense unfortunately - $1,850 in "non-qualified" distributions would generate roughly $370-$555 in income tax (depending on your bracket) plus another $370 in penalty tax, which explains that $810 jump in your tax bill. Once you properly indicate these were qualified medical expenses, your tax liability should drop right back down to where it was before. HSA distributions for legitimate medical costs are completely tax-free!

I had the exact same panic attack when this happened to me! The $810 jump in your tax bill is a dead giveaway that your tax software is treating your HSA distribution as non-qualified. Here's what's happening: Your software is calculating: - Income tax on $1,850 (roughly $370-$440 depending on your bracket) - Plus a 20% penalty tax ($370) - Total extra tax: ~$740-$810 The fix is simple but easy to miss. When you entered your 1099-SA, there should have been a question asking if the distributions were used for qualified medical expenses. Since you have receipts for doctor visits, prescriptions, and a medical procedure, the answer should be "YES." Go back to the HSA section in your tax software and look for this question. It might be worded as "Were these distributions used for qualified medical expenses?" or "Mark if distributions were for medical costs." Once you indicate YES, your tax bill should drop back down immediately since qualified HSA distributions are completely tax-free. Don't panic - this is probably the most common HSA tax mistake people make. Your distributions sound perfectly legitimate, you just need to tell the software they were for medical expenses!

I received my refund via Chime yesterday, exactly as scheduled. According to Publication 2043 and the IRS Direct Deposit guidelines, financial institutions must make electronically deposited funds available on the settlement date specified by the IRS. In my case, my transcript showed an 846 code with an April 1 date, and the funds were in my Chime account at 10:23 AM on April 1. This is consistent with my experience in prior tax years as well.

I'm still waiting for my Chime deposit too. My transcript shows an 846 code dated March 30th, but nothing has hit my account yet. This is my second year using Chime for refunds - last year it came exactly 2 days early like clockwork. I'm starting to wonder if there are more verification holds happening this season or if the IRS processing is just running behind schedule. Has anyone else noticed their deposits taking longer than usual this year compared to previous seasons?

Something nobody's mentioned yet - if you're taking distributions from the inherited IRA to give to your daughter, remember those distributions will increase your AGI, which could affect things like your Medicare premiums (IRMAA), financial aid calculations, Social Security taxation, etc. Consider spreading distributions over multiple years to minimize the impact.

One thing to keep in mind is the timing of when you take distributions from the inherited IRA. Since you mentioned your daughter is starting grad school next year, you might want to consider taking distributions over multiple tax years to manage your tax bracket. For example, you could take some distributions in late 2025 and some in early 2026 to spread the tax impact. Also, since you're "already comfortable financially," you might want to consider whether taking larger distributions now while you're in a lower tax bracket makes sense, versus waiting until later when your income might be higher. The 10-year rule gives you flexibility in timing, but planning is key to minimize the overall tax burden. Another consideration - if your daughter will be in a lower tax bracket than you (which is likely as a grad student), there might be strategies involving family income shifting, though you'd need to consult a tax professional for specifics on what's allowable.

I'm with Bank of America and my experience differs from Chime users. For example, my last refund showed a deposit date of April 3rd, 2023, but didn't hit my account until April 5th. This year's refund is showing March 31st like yours, but still nothing in my account. BOA seems to consistently take 1-2 business days longer than the online banks like Chime and Varo.

Great news about your Chime deposit! I'm also a March 31st filer and just checked my account after seeing your post - mine hit this morning too! It's such a relief after weeks of obsessively checking the Where's My Refund tool. I've noticed over the years that Chime and other online banks tend to release these deposits a day or two earlier than traditional banks. My spouse banks with Wells Fargo and theirs usually takes an extra 2-3 days to show up even with the same deposit date. Thanks for sharing the good news - it prompted me to check and made my day!