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Pro tip: Write down all your previous addresses and employers for the past 3 years before you go. They love asking those surprise questions to trip people up lol
smart! gonna make a cheat sheet tonight
Been through this twice unfortunately. Besides what everyone mentioned, they might also ask about any changes in your banking info or direct deposit details from previous years. Also bring a recent pay stub if you're employed - they asked me about my current job even though it wasn't on my return yet. The whole thing took about 45 minutes but most of that was waiting. Good luck! š¤
Thank you for sharing your experience! That's really helpful to know about the banking info questions. Did they ask about specific dollar amounts or just general details about account changes? Also wondering if they wanted to see the actual bank statements or just verify the routing/account numbers?
Thank you so much for asking this question! I'm in a similar situation - just started working full-time after college and this is my first year really needing to track my refund closely. From what I'm gathering from everyone's responses, transcripts are basically like getting a behind-the-scenes look at what the IRS is actually doing with your return, rather than just the basic "still processing" message on Where's My Refund. A few follow-up questions if anyone doesn't mind: 1. How often do transcripts typically update? Is it worth checking daily or just once a week? 2. Are there any specific codes that would indicate my return has an issue vs. just normal processing? 3. For someone like me who filed a pretty straightforward return (just W-2, standard deduction), what should I expect to see on my transcript timeline-wise? I really appreciate everyone taking the time to explain this stuff without making newcomers feel dumb for not knowing. The tax system can be so overwhelming when you're just starting out!
@Liam Fitzgerald Great questions! I m'relatively new to this too, so I ll'share what I ve'learned: 1. Transcripts typically update once a week on your cycle "day you" (can tell which day from your cycle code - the last two digits .)Most people check Friday mornings since that s'when many updates happen, but daily checking during tax season is pretty normal if you re'anxious about your refund. 2. For basic returns like yours, you should see code 150 return (processed first,) then hopefully 846 refund (issued with) your direct deposit date. Codes like 570/971 might indicate they need to verify something, but for straightforward W-2 returns, these are less common. 3. With just a W-2 and standard deduction, you re'looking at the standard 21-day processing timeline in most cases. Your transcript should show the 150 code within a week or two of filing, then the 846 code when your refund is approved. The community here is really helpful for interpreting codes when they show up. Don t'feel bad about asking questions - we ve'all been there! The IRS doesn t'exactly make this stuff user-friendly.
Great question! I'm also pretty new to this whole transcript thing. What I've learned from my own experience and reading through forums is that transcripts are basically like getting a detailed receipt of everything the IRS is doing with your return. The key thing that helped me understand it: think of the Where's My Refund tool as getting a text message saying "your package is in transit" versus the transcript being like detailed tracking that shows "package picked up at 2:15 PM, arrived at sorting facility at 4:30 PM, out for delivery at 8:00 AM" etc. For accessing them, you'll need to create an account on IRS.gov and verify your identity (they'll ask for info from credit reports, past tax returns, etc.). Once you're in, look for the "Account Transcript" option - that's the one that shows refund processing. The codes can look intimidating at first, but the main ones to know are: - 150: Your return was received and processed - 846: Refund issued (this will show your deposit date) - 570: Hold placed (usually just means they're verifying something) Since you filed a straightforward return, you'll probably just see the basic processing codes. Most people here check their transcripts weekly on their "cycle day" - you'll see what day that is once you access yours. Don't stress too much about learning every code right away; the community here is really helpful if you see something confusing!
@Dylan Cooper This is such a helpful breakdown! I love the package tracking analogy - that really makes it click for me. I ve'been hesitant to create the IRS.gov account because the identity verification process seemed intimidating, but it sounds like it s'worth doing to get that detailed view. One thing I m'curious about - when you say cycle "day, is" that something the IRS assigns to each taxpayer, or is it based on when you filed? I filed about 2 weeks ago and I m'wondering if I should be seeing any updates on my transcript yet, or if it s'still too early to expect anything to show up. Thanks for taking the time to explain this stuff so clearly! It s'reassuring to know that even with all these codes and technical terms, most straightforward returns follow a pretty predictable path. Definitely going to set up my transcript access this weekend.
Don't forget to consider other deductions like mortgage interest, student loan interest, retirement contributions, and charitable giving when figuring out your withholding. These can significantly impact your final tax bill. For example, if you're contributing to 401(k)s or IRAs, that reduces your taxable income. Same with HSA contributions if you have a high-deductible health plan. Also, with three kids, you should be getting substantial child tax credits depending on their ages. The child tax credit is $2,000 per qualifying child (currently), so that's a significant reduction in your actual tax liability.
The Child Tax Credit is actually $2,000 per child for 2024, but only for children under 17. So if any of your kids are turning 17 soon, you'll lose that credit for them. Just something to keep in mind when planning. Also, the phase-out for the CTC starts at $400,000 for married filing jointly, so with their combined income around $168,000, they should get the full amount.
With your combined income of around $168,000 and three dependents, you're definitely right to be concerned about withholding strategy. The income disparity between you and your wife (roughly 3.2:1 ratio) means the standard "Married Filing Jointly" withholding tables will likely underwithhold for your situation. Here's what I'd recommend based on your specific numbers: **For Your W-4:** - Keep "Married Filing Jointly" status - Claim all three dependents in Step 3 ($6,000 total) - Check box 2(c) for "Multiple Jobs or Spouse Works" - Consider adding an additional amount on line 4(c) - I'd estimate around $200-300 per month to be safe **For Your Wife's W-4:** - "Married Filing Jointly" status - Don't claim any dependents (since you're claiming them) - Also check box 2(c) The reason both of you should check 2(c) is that with such a significant income difference, the withholding needs to account for your combined income pushing you into higher tax brackets. However, the most accurate approach would be to run your numbers through the IRS Tax Withholding Estimator after your wife gets her first few paystubs. This will give you the exact additional withholding amount needed. Don't forget that your bonus will have taxes withheld at the supplemental rate (22% federal), but depending on your total tax liability, this might not be enough coverage anymore with your higher combined income.
This is really helpful, thank you! The specific breakdown for each of our W-4s makes it much clearer. I like that you mentioned waiting for my wife's first few paystubs before using the IRS estimator - that makes sense since we'll have actual numbers to work with instead of estimates. One follow-up question: you mentioned my bonus withholding at 22% might not be enough coverage anymore. Should I ask my employer to withhold additional federal taxes from my bonus specifically, or is it better to just increase my regular paycheck withholding to compensate? Also, with the $200-300 additional monthly withholding you suggested for my W-4, would that be on top of checking the 2(c) box, or instead of it?
I'm going through the exact same thing right now! My DDD is also 2/25 with Wells Fargo and I've been checking constantly since Friday with no pending deposit showing. After reading everyone's experiences here, it sounds like this is totally normal for Wells Fargo - they seem to be the most conservative bank when it comes to showing tax refunds as pending. Based on what others are saying, I'm going to try to relax and just check Sunday night/Monday morning. It's reassuring to hear that even when WF shows deposits super late, they still hit on time. Thanks for posting this - you're definitely not alone in the obsessive checking! š
I'm in the exact same situation! DDD of 2/25 with Wells Fargo and have been checking nonstop since Thursday with nothing showing as pending yet. This thread is so reassuring - I had no idea Wells Fargo was consistently this slow with showing pending deposits compared to other banks. Based on everyone's experiences here, it sounds like I shouldn't expect to see anything until Sunday night or Monday morning at the earliest. The waiting is killing me but at least now I know this is completely normal for WF. Thanks for posting this question - you saved me from a lot of unnecessary stress and probably a pointless call to customer service! š
I'm so glad I found this thread! I was literally about to call Wells Fargo customer service tomorrow morning because I thought something was wrong with my refund. My DDD is also 2/25 and I've been refreshing the app every few hours since Saturday. It's such a relief to know that WF just operates differently than other banks when it comes to tax refunds. I switched from Chase last year and had no idea about their conservative approach to showing pending deposits. Guess I'll try to be patient until Sunday night! š¤
Mei Wong
I'm going through something very similar right now - my 2020 amended return was mailed certified on February 28th and it's been 12 weeks with absolutely nothing showing up in the "Where's My Amended Return" tool. I have the delivery confirmation that they received it on March 1st. What's really frustrating is that I called the main IRS number (1-800-829-1040) three times over the past month and each time I was told something different. First rep said "give it another few weeks," second one couldn't find any record of it at all, and the third one said paper returns are taking 4-6 months just to be entered into their system right now. The inconsistent information is almost worse than the delay itself. At least if they gave everyone the same realistic timeline, we'd know what to expect. But when their own website says 3 weeks and their phone reps are saying 4-6 months, it's impossible to know what's actually happening. I'm considering trying some of the services mentioned in this thread to get better information, because the uncertainty is really getting to me. Has anyone had luck getting consistent information from the IRS recently?
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Katherine Hunter
ā¢I'm dealing with almost the exact same timeline as you - my 2020 amended return was mailed March 5th and it's been 11 weeks with nothing showing up online. The inconsistent information from IRS reps is definitely the most frustrating part! I've called four times now and gotten four completely different answers ranging from "2-3 more weeks" to "up to 8 months for paper returns." It's like they're all reading from different scripts or something. What really bothers me is that their website still says 3 weeks to show up in the system, but clearly that's not realistic at all right now. They should update their guidance to reflect the actual processing times instead of having people call constantly when things don't match their published timelines. I'm seriously considering trying one of the services mentioned here just to get some consistent information. The not knowing is honestly worse than just waiting would be if I knew what to expect.
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Zainab Ahmed
I feel your frustration completely - I went through something very similar with my 2018 amended return a couple years ago. The "3 weeks to show up in system" timeline on their website is honestly outdated and misleading at this point. Here's what I learned from my experience: The IRS processes paper amended returns in batches, and right now they're severely understaffed. Your return is almost certainly sitting in a physical pile somewhere waiting to be manually entered into their computer system. The fact that you have certified mail confirmation of delivery on April 11th is crucial - keep that documentation safe. At 8 weeks, you're definitely within your rights to call and inquire. Try calling early in the morning (8-9 AM) on Tuesday or Wednesday for the best chance of getting through quickly. When you call, have your SSN, filing status, exact dates, and that certified mail tracking number ready. One thing that helped me was asking the representative to put notes on my account about my inquiry. That way if you need to call again, there's a record of your previous calls and concerns. Also ask for a case reference number if they can provide one. The waiting is absolutely the worst part, but in my experience, these "lost" returns usually aren't actually lost - they're just buried in processing backlogs that are much longer than what their website suggests.
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Luca Esposito
ā¢This is really helpful advice, thank you! I especially appreciate the tip about calling early morning on Tuesdays/Wednesdays - I've been trying afternoons and Fridays with no luck getting through. The batch processing explanation makes a lot of sense too. It's frustrating that their website guidance is so outdated, but at least knowing that helps set realistic expectations. I'm going to try calling tomorrow morning with all my documentation ready and ask for those account notes and reference number like you suggested. It's reassuring to hear that your "lost" return eventually got processed. The uncertainty really is the worst part - I keep imagining worst-case scenarios where I'll have to refile everything. Thanks for sharing your experience!
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