The r/TruistBank community has a pinned thread about this exact issue. According to multiple reports there, Truist has never released IRS refunds early in the last three tax seasons. The IRS Where's My Refund tool (https://www.irs.gov/refunds) will show the official DDD, but according to community data, Truist customers should always plan for that exact date. Some users reported that deposits sometimes don't appear until late afternoon on the DDD, so don't panic if you don't see it first thing in the morning.

Thanks for all the detailed responses! As someone new to tracking tax refunds this closely, this has been incredibly helpful. It sounds like Truist is pretty much locked into their exact DDD policy with no wiggle room. I appreciate the specific references to their internal policies and regulations - that gives me the confidence I need to plan my business cash flow knowing the funds will arrive exactly on 2/28, not before. The suggestion about maintaining accounts at different banks for different purposes is interesting too, though probably overkill for my situation. I'll definitely bookmark that r/TruistBank thread for future reference!

To all those having trouble reaching a human at IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/_kiP6q8DX5c

I've been waiting 28 weeks now with the same code 971 on my transcript! It's so frustrating not knowing what's happening. I called the IRS multiple times but they just keep saying "it's being processed" with no real timeline. Has anyone actually gotten through to someone who could give more specific info about why it's taking so long? At this point I'm wondering if there's an issue with my amendment that I don't know about.

I'm dealing with the exact same situation! Got my 570 code about 10 days ago with a similar refund amount ($7,200). Like others have mentioned, it seems like larger refunds with child tax credits and education expenses automatically trigger these reviews. What's helped me stay sane is understanding that the 570 code without a 971 code usually means they're just doing an internal verification and don't need anything from you. The hardest part is just the waiting and not knowing exactly when it'll resolve. One thing I've learned from this thread is to check my transcript every Friday morning since my cycle code ends in 05. I've also been keeping an eye out for any mail from the IRS, though it sounds like if they needed additional documentation, we would have seen a 971 code by now. Hang in there! Based on everyone's experiences here, it seems like 4-8 weeks is pretty typical for these reviews to complete. I know it's frustrating when you're counting on that money, but at least we know this is a common process and not necessarily a sign that anything is wrong with our returns.

I went through this exact same situation last year with a $7,400 refund that included child tax credits and education expenses. The 570 code appeared on my transcript in early March and I was freaking out because I really needed that money for some home repairs. What helped me was understanding that the 570 code without a 971 code is actually a good sign - it means they're doing an internal review and likely don't need any additional documentation from you. The date you see (03-03-2025) isn't when something will happen, it's just part of their internal processing cycle. My timeline was: 570 code appeared March 8th, transcript updated every Friday (I had a 05 cycle code too), and then on April 19th I suddenly had a 571 code which released the hold and my refund was deposited 3 days later. Total time was about 6 weeks from when the 570 appeared. The hardest part is just the waiting and uncertainty, but based on your situation (first time claiming your daughter after divorce + education credits), this is pretty standard verification. Keep checking your transcript on Friday mornings and try to be patient. I know it's easier said than done when bills are piling up, but the refund will come through!

This entire discussion has been incredibly eye-opening! As someone who's been contributing to Roth IRAs for several years but never fully understood the loss deduction rules, I had no idea how complicated this topic really is. The most important takeaways I'm getting are: 1) You currently can't deduct Roth IRA losses anyway due to the TCJA suspension through 2025, 2) Even when it becomes available again, you'd have to close ALL your Roth accounts everywhere, and 3) The long-term opportunity cost of giving up decades of tax-free growth almost never makes it worthwhile. What really struck me was the example someone gave about $15,000 growing to $225,000 over 40 years tax-free. When you think about it that way, sacrificing that kind of potential for what would likely be a relatively small deduction seems like penny-wise but pound-foolish thinking. For anyone else reading this who might be in a similar situation with scattered accounts showing paper losses - it sounds like the smart move is to contact your current brokerages to get your contribution history sorted out, consider rebalancing within your existing accounts, and focus on the long-term retirement picture rather than short-term tax strategies. The Roth IRA is too valuable a retirement tool to give up lightly.

Reading through all these responses has been incredibly helpful! I'm in a somewhat similar situation - I have Roth IRAs at two different brokerages and was wondering about the loss deduction after seeing my balances drop earlier this year. The key insight for me is understanding that this isn't really about tax optimization at all - it's about retirement planning fundamentals. Even if the deduction were available (which it isn't through 2025), giving up the Roth IRA structure permanently would be trading away decades of tax-free compound growth for what amounts to a one-time, relatively small tax break. For the original poster's situation with the E*Trade → Robinhood → Vanguard transfers, I'd echo what others have said about contacting Vanguard first. When my employer changed 401k providers a few years ago, I was amazed at how much historical data transferred over that I thought was lost forever. One thing I'm curious about - has anyone here actually spoken to a tax professional specifically about this scenario? While the community advice has been excellent, I'm wondering if there are any edge cases or nuances that only a CPA who specializes in retirement accounts might know about. Though given the current suspension of these deductions, it might be a moot point until 2026 anyway.

Something similar happened to me and it turned out I had checked the wrong box on step 2 of the W4. I had checked 2(b) which is the "use the multiple jobs worksheet" option instead of 2(c) "if there is only one job total". This made the system think I needed to withhold at a higher rate to cover multiple jobs. Rookie mistake but easy to fix!

The W4 form definitely takes some getting used to after the old allowances system! Based on your situation, I'd suggest double-checking a few key areas: 1. **Step 1**: Make sure you selected "Married filing jointly" not "Single or Married filing separately" 2. **Step 2(c)**: Since your spouse doesn't work, you should check the box that says "If there is only one job total" 3. **Step 3**: Enter $2,000 for your child (qualifying children under 17 get the full Child Tax Credit) Missing any of these could easily cause the overwithholding you're experiencing. The good news is you can submit a corrected W4 to your payroll department anytime - it usually takes effect within 1-2 pay periods. For future reference, the IRS Tax Withholding Estimator tool on their website is really helpful for getting your withholding dialed in perfectly. It walks you through your exact situation and tells you exactly what to put on each line of the W4. Don't worry about the money already over-withheld - you'll get it back as a refund when you file your taxes!