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Are you seeing any TC 150 posting to your account yet? What about your cycle code - does it end in 01, 02, or 05? The cycle code can tell you which processing batch your return is in, which directly affects when your DDD (Direct Deposit Date) will be issued. Did you also check your Return Transcript in addition to your Account Transcript?
I might be able to provide some insight here. Last year, my transcript updated on February 11th with codes 150 (return filed), 806 (withholding credit), and 570 (additional account action pending). The 570 had me worried, but it was removed five days later and replaced with an 846 code dated for the following Wednesday. My refund hit my account exactly on that date. The WMR tool, however, didn't update until literally the day before my deposit arrived. The systems seem to operate on completely different schedules, which is probably why you're seeing this discrepancy.
What's your processing date on your transcript? The cycle code is important but the processing date is what really determines when funds get released. I'm concerned that even with a daily cycle code, if your processing date is more than 7 days out, you might still be looking at a wait. I'm in a similar situation with a 0705 code.
Just to clarify a few things for everyone: Have you checked if there's an 846 code yet? That's your actual refund issued date. The cycle code just tells you how often your account updates. And yes, 0504 is definitely daily processing, which is good news, but doesn't guarantee an immediate refund. The PATH Act verification processes are complete, but there could still be other verification steps happening in the background, wouldn't you agree?
I filed an amended return last year in February and didn't get my refund until December! It was absolute torture waiting that long. I called every month starting at month 4 and kept getting told different things. First it was "still processing," then "in review," then "approved but waiting for payment." I finally got a helpful agent who put a note on my account to expedite it. Three weeks later, the money appeared in my account. No notice, no explanation for the delay, nothing.
Great news! My amended return from January finally came through last week. It's like waiting for a train that has no schedule - you know it'll eventually arrive, but you have no idea when! What worked for me was calling the dedicated amended return hotline (866-464-2050) and speaking to a representative who confirmed my return was approved but stuck in the final verification queue. They flagged it for immediate review, and I received my direct deposit 9 days later. Don't give up hope!
The PATH Act hold officially ended on February 15th this year. It's now March 23rd, so PATH holds should be completely lifted. My refund with EITC was exactly $5,972 and was deposited precisely 11 days after the PATH lift date. Amended returns take 20 weeks minimum according to the IRS website. You need to look at the Where's My Amended Return tool ASAP. The processing time is completely different for amended returns vs. regular returns!
Did your friend file through a tax preparer? Do you know if she claimed EITC specifically? What about your amended return - what exactly did you change?
Thx for this breakdown! I've been confused abt the diff types of credits too. So if u don't have earned income u can still get CTC but not EITC? And amended returns have totally diff timelines? Makes more sense now why some ppl w/ kids get $ faster than others.
Man, I wish the IRS would just make this stuff clearer! š I'm in a similar boat waiting on my amended return and getting a little worried about paying my car insurance next month. At least now I understand why my cousin with 2 kids got her refund weeks ago while I'm still checking WMR like it's social media.
Jenna Sloan
Word of warning - don't rely 100% on TPG for accurate info. Last yr my TPG showed $0 for days after my DDD, but $ actually hit my bank acct on time. Their sys was just behind. OTOH, friend had TPG showing full refund amt but then got hit w/ offset he didn't know about, and actual deposit was way less. TPG doesn't always know about offsets, garnishments, etc. Best to check WMR and transcripts directly, TPG is just middleman.
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Christian Burns
ā¢This is absolutely correct. According to Internal Revenue Code section 6402(d), the Bureau of Fiscal Service is required to offset refunds for certain debts, and these offsets may not be reflected in third-party processor systems like TPG in a timely manner. I was impressed by how quickly my bank processed the deposit once it cleared TPG, though - less than 4 hours!
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Sasha Reese
Just wanted to share some good news - my TPG finally updated this morning! I'm a weekly filer, no DDD until yesterday, and TPG was completely blank until about 3 hours ago. Now it shows my full refund amount as pending! Based on past experience, the money should hit my actual bank account in the next 24-48 hours. Hang in there - it's coming!
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