I had a similar situation with SoFi last month. Compared to my previous experience with Chase where refunds appeared exactly on the date WMR provided, SoFi held my refund for 4 additional business days for "security verification." When I called, they confirmed they had received it but wouldn't release it until their verification process completed. There was nothing I could do to expedite it. The representative matter-of-factly informed me this is standard procedure for government deposits over a certain amount at many online banks. The funds did eventually appear, but the delay was frustrating.

I'm going through this exact situation right now with my Chime account! Filed on March 3rd, got approved March 16th with a deposit date of March 21st, and still nothing. TBG told me the same thing - that they sent it - but Chime says they don't see any pending deposits. This is so stressful because I really need this refund for some unexpected expenses. Reading through everyone's experiences here, it sounds like this is unfortunately pretty common with online banks. I'm going to try calling Chime's fraud department directly like @Niko Ramsey suggested, and maybe request that refund trace from the IRS that @Katherine Shultz mentioned. Has anyone had success getting through to an actual person at TBG who could provide more specific information about when exactly they sent the deposit? Their customer service seems pretty limited when I called yesterday. Thank you @Danielle Mays for starting this thread - it's really helpful to know I'm not alone in dealing with this!

Just a heads up for anyone using Cash App taxes - make sure you check if your state return is also free. Some services advertise free federal but then charge for state filing. I used Cash App last year and both were completely free, but always good to double-check. Also, don't forget to save a PDF copy of your completed return and save your AGI/create a PIN for next year! Will save you this same headache when you file taxes next year.

Great thread everyone! For anyone still struggling with the verification step, there's one more option that might help - if you didn't file taxes last year at all (maybe you were a dependent or didn't have income), you can often enter "0" or "Did not file" for your prior year AGI. Cash App and most tax software have specific options for first-time filers or people who didn't file the previous year. Just look for the "I didn't file last year" or similar option during the verification process. Also wanted to echo what others said about keeping your records this year - write down your AGI somewhere safe so you don't have this same problem next year! The AGI is on line 11 of your Form 1040 once you complete your return.

Just want to add that when you call the IRS, also ask them to put a "correspondence hold" on your account while they're processing the address change and reissuing the check. This prevents them from sending any other notices or correspondence to the old address during this period. Also, if you have access to your online IRS account, you can check the "Get My Payment" tool to see the status of your refund - it should show if the check was issued and potentially if it's been cashed. This can give you some peace of mind while you're waiting for the phone call to go through. One more tip: if the 800-829-0922 line is too busy, you can also try calling your local Taxpayer Assistance Center. They can help with the same issues and sometimes have shorter wait times than the main line.

Quick heads up - if you've moved recently, the IRS might still be processing your address change even if you filed Form 8822. I had this exact issue where my CP21B went to my old apartment. When you call Monday, also ask them to verify what address they have on file for you currently. Sometimes there's a lag between when you submit the address change and when it actually updates in their system, especially if you filed it close to when they processed your return. If they still show your old address, you can update it over the phone during the same call where you request the stop payment. Just have both your old and new addresses ready to confirm. This saved me from having to file another form and waiting weeks for it to process. Also, once you get this sorted out, consider setting up direct deposit for future refunds if you haven't already. Even if you move, your bank account usually stays the same and it's much faster than waiting for checks to be reissued.

Something important nobody's mentioned yet - if you're getting income through these apps that will now be reported on 1099-Ks, you probably need to be making quarterly estimated tax payments throughout the year, not just paying at tax time. I got hit with an underpayment penalty last year because I wasn't doing this with my side gig income. The IRS expects you to pay taxes as you earn income, not all at the end of the year. If you're going to owe more than $1,000 at tax time, you should be making quarterly payments. This whole $600 reporting change means a lot more people will need to be thinking about this!

This is such a helpful thread! I'm in a similar boat with my freelance graphic design work - been using Venmo and PayPal for client payments and had no idea about this $600 threshold change. One thing I wanted to add that might help others: if you're scrambling to get your records organized like I was, your bank statements can be a lifesaver for tracking business expenses. I went through mine and found tons of deductible purchases I'd forgotten about - Adobe subscription, stock photo purchases, even mileage to client meetings. Also, for anyone doing this kind of side work, consider opening a separate business checking account if you haven't already. Makes tracking so much easier and looks more professional to clients. Some banks even offer free business accounts for small operations. It's one of those things I wish I'd done from the start instead of mixing everything with my personal account. Thanks everyone for sharing your experiences - this whole thread has been incredibly informative!

Pro tip: Watch for code 846 on your transcript every morning around 3am-6am EST. That's when they usually update. Also check your WMR tool - sometimes it updates before transcripts do.

Looking at your transcript, you're actually in a pretty good spot! The fact that you have codes 150, 806, and 768 already showing means your return has been accepted and is moving through the system. The $5 amount next to code 150 is totally normal - that's just how the IRS displays the tax liability line when you have a refund coming. Your cycle code 20250505 puts you in the 5th week processing cycle for 2025, which typically means updates happen on Fridays. Since your processing date shows 02-17-2025, you should keep checking your transcript for updates - especially watch for any 570/971 codes (which would indicate additional review) or hopefully the golden 846 code with your refund date! The April 15th dates on your 806 and 768 codes are just system placeholders, not actual processing dates. With your withholding ($1,795) and EIC ($6,930) totaling $8,725, you should see that full amount when the 846 code posts. Keep checking Friday mornings around 6am EST for transcript updates! 🤞