Anyone else think its wild that we have to jump through all these hoops just to pay our taxes? Like, take my money already! 😅

Just wanted to add - if you're doing this over the phone, make sure you're in a quiet place with good cell reception. I had to restart my verification call twice because the connection kept cutting out and they couldn't hear me properly. Also, have a pen and paper ready to write down any reference numbers or next steps they give you. The whole process is stressful enough without having to worry about technical issues!

I had my DDD on April 3rd, 2024 with CashApp and it actually hit at 1:23am that morning! Much better than last year when I had a May 17th, 2023 DDD that didn't arrive until 4pm. The IRS has been processing refunds faster this year with most people seeing deposits early morning of their DDD. One tip: make sure your CashApp is fully verified with all identity documents submitted or they might delay deposits.

I've been using CashApp for tax refunds for 3 years now and here's what I've learned about DDD timing: • Midnight deposits are rare - most hit between 2am-6am • CashApp doesn't show "pending" for tax refunds like they do for regular deposits • If your transcript shows 846 code with tomorrow's date, it's definitely coming • The IRS releases funds in waves throughout the day, not all at once Last year my DDD was on a Wednesday and it hit my CashApp at 4:47am. The year before it was around 2:15am. I'd recommend checking first thing in the morning rather than staying up until midnight. Also make sure your CashApp app is updated - I've heard some people had issues with outdated versions not showing deposits immediately. Good luck! The wait is almost over.

Unpopular opinion: maybe we should all just adjust our withholdings so we don't get big refunds? Then we wouldn't have to deal with this stress every year. Just a thought 🤔

I'm in the same boat - filed in early March and still waiting! One thing that helped me was setting up IRS account online at irs.gov. You can see more detailed info about your return status there than just the basic "Where's My Refund" tool. Also, if you have any dependents or claimed certain credits, those can add processing time. The IRS website says they're still working through a backlog, so unfortunately we just have to be patient. But definitely keep checking every few days - sometimes the status updates suddenly!

To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I

I received a 4464C letter last month and was initially worried, but it turned out to be routine verification. The IRS just needed to confirm some information from my W-2s and 1099s. I responded within the 30-day timeframe they gave me, and my refund was processed about 3 weeks later. Don't panic if you get one - just make sure to respond promptly with the requested documentation. You can also check your account transcript online at irs.gov to see any updates on your case status.

Scholarships reported on 1099-MISC are weird. I'm a tax preparer (not YOUR tax preparer obviously) and see this confusion all the time. The key thing most people miss is that your scholarship is added to your regular income and taxed at whatever tax bracket that total lands in. So its not just taxed at 15.3% (which is actually self employment tax for 1099-NEC, not MISC). Its added to your $72k, which means some or all of it gets taxed at your marginal rate, which could be 22% federal. This is why it seems "higher" than expected. Your regular job withholding was probably calibrated for just that job's income, not the additional scholarship amount.

This is a really frustrating situation, but you're not alone! I went through something similar when I received a research stipend a few years ago. The key thing that helped me understand it was realizing that the 1099-MISC income gets "stacked" on top of your regular W-2 income for tax purposes. So your $72k salary puts you in the 22% marginal tax bracket, and that $6,500 scholarship gets taxed at that same 22% rate (not the 15.3% you were thinking of). That's about $1,430 in additional federal tax on the scholarship alone, plus you didn't have any withholding from it throughout the year. The reason it feels like such a shock is because your W-2 withholding was calculated assuming that was your only income. When you add the scholarship on top, it pushes your total tax liability higher but you didn't have any withholding to cover that extra amount. For next year, if you expect similar scholarship income, definitely consider adjusting your W-4 to have extra withholding or make quarterly estimated payments. It's much easier to handle when spread throughout the year rather than getting hit with a big bill at tax time!