Success! Just checked my account and my refund landed exactly 28 hours after my SBTPG status changed to funded. I have a DDD of 3/24, didn't pay for early deposit, and used a regional credit union. The refund amount was exactly $4,378.23 after TT took their $89.99 fee. Worth checking your SBTPG account - mine updated before my bank showed any pending deposits.

Just wanted to update everyone - I'm also waiting with a 3/24 DDD through SBTPG and TurboTax. Been checking the SBTPG portal religiously since reading these comments and my status finally changed to "funded" about 2 hours ago! 🎉 Using a local credit union so hopefully I'll see the deposit hit tomorrow morning. Thanks @Logan Chiang for sharing your experience - gave me hope to keep checking! And @Miles Hammonds thanks for the portal tip, I had no idea that existed. Will update once the money actually hits my account but feeling optimistic now that it's moving through the system.

try calling the tax advocates line at 877-777-4778. they might be able to tell you if there's an issue with your refund that's not showing up on transcript yet. sometimes there are holds that don't show up right away.

Glad to see you got your refund! This is such a common situation that happens every tax season. For anyone else reading this thread dealing with similar delays, here's what I've learned from going through this multiple times: The 846 code means the IRS has definitely released your refund, but there's often a 1-3 day processing window depending on your bank. Chime used to be super reliable with same-day deposits, but lately they seem to be more inconsistent - sometimes early, sometimes right on time, sometimes a day late. A few tips for next year: - Don't panic if your refund doesn't hit exactly on the 846 date - Check your account periodically throughout the day (deposits can come at weird times) - Make sure your banking info is 100% accurate when filing - Consider having a backup plan for bills if you're cutting it close with due dates The stress is real when you're depending on that money, but in most cases everything works out within 24-48 hours of the transcript date.

Called the IRS yesterday and the rep said depositz are still scheduled for the 17th regardless of the holiday. Hope this helps!

Just wanted to share my experience from last year - my PATH Act refund hit my account on Presidents Day itself even though banks were "closed." Most banks process ACH deposits automatically overnight, so federal holidays don't usually delay them. The IRS sends the money out and your bank receives it regardless of whether their physical locations are open. Should still be good for Feb 17th!

lol its the IRS, expect delays on everything. wouldn't be surprised if it takes till march 🤡

I work at a regional bank and can give you some insight! When the IRS sends deposits with a holiday date, most banks will actually process them early (usually Friday) or on the next business day (Tuesday). The deposit won't just disappear - it's already authorized by the IRS. Your bank's online system might show "pending" over the weekend but it'll clear. I'd check Friday evening and if not then, definitely by Tuesday morning!

I'm not seeing anyone mention this, but you might qualify for the Qualified Business Income deduction (QBI) which could reduce your taxable income by up to 20% of your net profit from this work. It's available to most self-employed people and independent contractors. Since your total compensation wasn't super high based on what you described, this might help offset some of the self-employment tax hit you're facing.

Victoria, your situation is actually pretty common with non-profits that can't afford traditional salaries! The arrangement you described - direct payments to landlord plus gift cards and transit passes - definitely constitutes compensation and the 1099-NEC is the correct form. A few key points for your filing: 1. Report the total amount from the 1099-NEC on Schedule C as self-employment income (don't break down the components separately) 2. You'll owe self-employment tax (~15.3%) plus regular income tax on this amount 3. Keep detailed records of any work-related expenses you can deduct - office supplies, equipment, mileage to/from the charity, etc. Since you mentioned being new to 1099s, remember you may need to make quarterly estimated tax payments next year if you continue this type of work arrangement. The IRS expects taxes to be paid throughout the year, not just at filing time. Also double-check that 1099-NEC amount against your own records to make sure they captured all the benefits you received accurately!