PSA: There's a specific code on your transcript (846) that shows when the refund was actually sent. You can verify if it actually went out on 2/26 by checking your transcript. If you don't see that code with the 2/26 date, the money hasn't actually been released yet regardless of what WMR says. You can access this on irs.gov through your online account.

I'm in the exact same boat with CashApp and the 2/26 DD date! Been checking my account obsessively for days now. Reading through all these comments is actually really helpful - sounds like CashApp just takes longer to process IRS refunds than traditional banks. I'm going to check my transcript tonight to see if I have that 846 code with the 2/26 date to confirm the IRS actually sent it. At least now I know it's normal for CashApp to take up to 5 business days. Thanks everyone for sharing your experiences - makes me feel way less anxious about this!

Has anyone used TurboTax or H&R Block for handling this kind of 401k correction situation? Do they have any special forms or worksheets for this? I'm trying to decide if I should just use software or go to a professional this year.

I went through this exact situation two years ago and it was so stressful! Just to add to what everyone else has said - you're definitely on the right track. File your 2023 taxes using your W-2 exactly as it appears, even with the over-contribution amount included. One thing I wish someone had told me earlier is to get written confirmation from your 401k administrator about the correction details. Even though they won't give you updated documents for this year, ask them to send you an email or letter confirming: - The exact amount that was corrected - The date the correction was processed - That it was specifically a "return of excess deferrals" This documentation becomes super helpful when you file next year with the 1099-R. Also, don't stress about "paying taxes twice" - the system is designed to handle this properly across the two tax years, and the 1099-R will have the right codes to prevent double taxation. You're doing everything right by catching and correcting it quickly!

I totally understand your frustration! I went through the exact same thing last year with my Serve Card. The waiting is absolutely nerve-wracking, especially when you need the money for something important like your apartment deposit. From what I've experienced and seen in this community, Jackson Hewitt Serve Cards are consistently 1-2 days slower than the official DD date shown on WMR. It's not that anything is wrong - it's just how their processing system works. Since your DD date is 3/17, I'd expect to see it hit your card by 3/19 at the latest. Try not to stress too much about checking every few hours (easier said than done, I know!). If you don't see it by Thursday, then it might be worth calling their customer service line. But based on what everyone else is saying, this delay is totally normal for Serve Cards this tax season.

I'm in the exact same boat with my Serve Card! My DD date was 3/17 and I've been refreshing the app constantly too. From reading through all these responses, it sounds like the 1-2 day delay is completely normal for Jackson Hewitt cards. I called their customer service this morning and the representative confirmed they're seeing higher than usual volumes right now, which is causing the typical processing delays. She said as long as my transcript shows code 846 with the correct amount (which it does), I should see it by tomorrow or Thursday at the latest. It's so frustrating when you're counting on that money, but at least we're not alone in this waiting game! I'm going to try to stop obsessively checking until Thursday evening.

As someone who's navigated similar healthcare transitions, I'd strongly recommend being patient with the facility conversations until you have more clarity on the business sale outcome. Approaching them prematurely could create unnecessary tension with your current employer during an already sensitive time. However, you can start laying groundwork indirectly. Focus on strengthening those existing relationships through excellent service delivery, and pay attention to any casual comments about their satisfaction with current arrangements or concerns about the business transition. Sometimes facilities will organically share their thoughts about working with different providers or their frustrations with administrative issues. Regarding long-term facility contracts, I've seen arrangements that work well for both parties, typically involving: - **Guaranteed minimum hours/revenue** (provides you income stability) - **Performance-based bonuses** (gives facility incentive to maintain the relationship) - **Defined scope of services** (prevents scope creep while ensuring clear expectations) - **6-12 month initial terms with renewal options** (allows both parties to test the arrangement) - **Professional development/continuing education support** (maintains your credentials while reducing your costs) The key is structuring it so the facility gets more predictable service delivery than they might with typical independent contractors, while you get more stability than project-based work. Think of it as "preferred contractor" status rather than just another vendor relationship. For now though, I'd focus on building your LLC with outside clients first. That experience will make you a much stronger negotiator when the right opportunity with your current facility eventually presents itself.

Your situation is really interesting timing-wise. As someone who's been through multiple business structure transitions in healthcare, I'd actually suggest viewing the potential sale of your employer's business as a strategic advantage rather than just uncertainty. Here's why: healthcare businesses selling in distress often create opportunities for key personnel to negotiate better arrangements with incoming buyers. New owners typically want to retain valuable staff and may be open to creative compensation structures - including hybrid W2/contractor arrangements or even equity participation. Before making any LLC decisions, I'd recommend doing two things first: 1) **Get a professional tax analysis** - At your income level ($230k combined), the tax savings from proper business structuring could be substantial, but you need to see actual numbers for your specific situation rather than general advice. 2) **Build leverage quietly** - Start developing your LLC client base with outside contracts while maintaining your current positions. This gives you real negotiating power whether you're talking to new buyers or considering independent work with the facility. The beauty of your situation is that you don't have to choose between stability and tax optimization. You can build the foundation for business ownership while keeping your options open during the sale process. One key consideration: if you do eventually work directly with the facility, make sure any arrangement provides the income predictability you need while still qualifying for business tax benefits. Some facilities are open to "preferred provider" agreements that look more like partnerships than typical contractor relationships. What's your current timeline for when you think the business sale might be resolved?

Everybody in the comments is just guessing based on their own experience. If you want to know FOR SURE, use taxr.ai - it's WAY more accurate than Reddit guesses. It reads your transcript and tells you exactly what's happening and when you'll get paid. I checked my transcript for weeks trying to figure it out myself before finding this tool.

Based on my experience with Chase, your refund will most likely hit sometime between 2-6 AM on the date shown on your transcript, but it could honestly come anytime during that day or even the next business day. The IRS sends the payment on the transcript date, but Chase processes it on their own schedule. I'd recommend setting up a deposit alert like someone else mentioned - way better than refreshing your account every hour! Also don't panic if it doesn't show up exactly at midnight, that's totally normal.