According to Internal Revenue Manual (IRM) 21.4.1.3, standard processing time for electronic returns is 21 days. Your 20-day timeframe is within expected parameters. Treasury Regulation §301.6402-2(e)(1) establishes that refunds must be issued within 45 days of the prescribed filing date to avoid interest payments. The IRS typically prioritizes straightforward returns in the February timeframe to maintain compliance with this regulation. I've documented processing times across multiple tax years and found that returns filed between February 10-20 consistently show the most efficient processing metrics.

Your 20-day turnaround is actually quite good compared to what I've seen this season. My brother-in-law filed on the same day as you and is still waiting, while my neighbor who filed a week later already got his refund. It seems like there's much more variability in processing times this year than in previous years. Last year most people I know got their refunds within a very predictable 21-24 day window, but this year I'm seeing everything from 14 days to 40+ days with no clear pattern based on filing date or complexity.

Did you receive any correspondence by mail during this process? I'm in a similar situation but received a letter asking for additional verification beyond the online process. Has anyone else had to submit documents after the initial verification?

I've been through verification three years in a row now (why me?!), and this year is definitely moving faster. But here's the thing - shouldn't the IRS have a better system by now? Why do we have to go through this verification process every single year if we've already proven our identity multiple times? Isn't there some way they could flag accounts as previously verified? My timeline was almost identical to yours - verified 2/23, transcript updated 3/9, with direct deposit scheduled for 3/14.

I'm not convinced transcript updates mean anything definitive. My transcript updated on February 12th with cycle code 20240705, but my refund is still processing 22 days later. The 846 refund issued code appeared but the money never hit my account. Called IRS and they said there's a random review that could take up to 60 days. So transcript updates can be misleading too.

Your situation is different than OP's. Based on the cycle code you mentioned (20240705), your return was processed in the 7th week of the year, specifically on February 16th, 2024 (not 12th). The 846 code indicates a scheduled payment, not an immediate one. For direct deposits, there's exactly a 5-7 business day delay from 846 date to bank receipt. If you received an 846 on February 16th, payment would be sent between February 23rd and February 27th. Today is March 6th, so you should have received it by now, which suggests a specific issue with your return rather than normal processing.

According to the Chime subreddit and their FAQ page (https://help.chime.com/hc/en-us/articles/115003305487-When-will-I-receive-a-direct-deposit-), they typically post government deposits including tax refunds up to 5 days early when they receive the deposit notification. I've been tracking my WMR status daily and just got my DDD of 3/8, so I'm in a similar situation. I'm slightly worried because my refund is larger than usual this year ($7,800 vs typically around $3,000), and I've seen some posts suggesting larger amounts might not get the early treatment. Has anyone experienced this with larger refunds?

Are we sure that the DDD is when the IRS sends the money and not when they expect your bank to have it available? Because if it's the latter, wouldn't Chime still need to receive the actual funds before making them available? Unless they're fronting the money based on the ACH notification? I've noticed with my previous bank (Wells Fargo) they would sometimes show the pending deposit 1-2 days before making it available, which makes me think the IRS sends it earlier than the DDD. Anyone have clarity on this?

I'm not entirely sure about all options, but... I believe your sister might want to consider using the IRS Free File Fillable Forms if she's comfortable with tax concepts. It's completely free and gives full access to all forms and schedules needed for credits. However, it doesn't provide much guidance, so she would need to know which credits she qualifies for beforehand. Perhaps a middle ground would be starting with a free commercial option like FreeTaxUSA to identify potential credits, then double-checking everything before filing?

Most people probably don't realize that different tax software might give you different refund amounts for the exact same information. It's generally worth trying at least two different services before filing, especially if your sister has a somewhat complex situation. In my experience, FreeTaxUSA tends to be pretty thorough with credits, and they only charge for state filing, not federal. That said, no software is perfect - they're only as good as the questions they ask and how you answer them.