According to the Return Processing Pipeline (RPP) metrics, the IRS is experiencing a 22.7% increase in processing times for returns filed in the second week of February compared to last year. This is likely due to enhanced fraud detection algorithms implemented in the Master File System. I suggest checking your transcript for Transaction Code 150, which indicates your return has been processed through the initial verification stage. Without this code, your return is still in pre-processing.

I filed on February 13th as well and just saw movement yesterday (March 23rd). My transcript updated with a direct deposit date of March 27th. Last year when I filed on February 15th, I received my refund on March 5th. This year is definitely taking longer for everyone, not just you.

I'm fairly certain this post is somewhat misleading. While the 846 code does generally indicate a refund is coming, there are potentially several factors that could still delay it. In my experience, which spans approximately 15 tax seasons, I've occasionally seen deposits take up to 5 business days after the listed date, particularly if there were any offsets or adjustments. It's probably best not to count on the money being available immediately, especially if you're planning to make important financial decisions based on its arrival.

I got my 846 code on January 29th this year, and my deposit hit my Chime account on January 30th at exactly 3:17pm. I think it really depends on when the IRS batch processes your specific refund. Last year I had to wait until February 3rd even though my 846 date was February 1st. Just sharing my experience in case it helps!

According to Internal Revenue Manual 21.4.1.3, the cycle code indicates when your return completed processing. Per IRM 21.4.1.3(1), the first two digits (20) represent the year, the next two (25) represent the processing week of the year, and the last digit (5) indicates the processing day within the week. The as of date is a compliance-related marker and does not directly correlate to refund issuance timing. I would recommend checking your account transcript again next Friday morning (after the overnight Thursday update). If PATH Act verification is complete, you should see an 846 code with a direct deposit date, typically 5-7 days after the code appears.

Just wanted to share some hope - I had almost the EXACT same situation. Filed 1/14, accepted 1/15, cycle code 20250505, and my as of date changed from 03/10 to 02/17 last week. Got my 846 code yesterday with a DDD of 02/28! The system is working, just slowly. The as of date change was definitely the signal that things were moving for me. Hang in there!

Last year my as-of date changed SEVEN times! Started Feb 13, went to Mar 6, back to Feb 20, then Mar 13, back to Feb 27, then Mar 20, and finally settled on Mar 6. Got my refund exactly 9 days after that final date. The process is maddening - I checked transcripts every morning at 6am and every night at midnight. The cycle 05 means you're on weekly processing (Thursdays), which is actually better than daily in my experience. The daily cycles seem to get more delays and verification holds.

Anyone else find it ridiculous that we have to become amateur IRS code detectives just to figure out when we'll get our own money back? My as-of date did the same dance last month, and I was ready to throw my computer out the window. But guess what? The refund showed up exactly 8 days after the date stopped changing. Hang in there - the changing dates actually mean your return is moving through their system, not stuck in limbo. Thanks to everyone here who explains these things so clearly!

Here's how to fully understand what's happening with your return: 1. First, verify you're truly a Cycle 02 filer by looking at your account transcript - the cycle code will be something like 20240702 (where 02 is your cycle) 2. Next, check for the 846 code with the 2/24 date - this confirms your refund is scheduled 3. Look for any 570/971 codes that haven't been resolved - if they have the same date as your 846 or earlier dates, they're likely resolved 4. The WMR tool updates on a completely different schedule than transcripts, typically overnight between 3-6am EST 5. PATH Act verification is typically completed by mid-February, which aligns with your timeline I'm seeing a lot of Cycle 02 filers getting updates today, so this seems to be a normal batch processing.

Pro tip from someone who's been through many tax seasons: ALWAYS trust your transcript over WMR. The transcript is the actual IRS internal record while WMR is just a simplified status tool that often lags behind. When you see that 846 code with a date, that's your money on the way! The IRS website even says WMR can take up to 72 hours to reflect transcript changes. Congrats on your coming refund!