OMG I've been tracking this EXACT situation for years! The IRS sends ACH files in batches throughout the day, and Capital One processes incoming ACH transfers overnight! So if your 846 date is on a Monday, there's a really good chance you'll see it Saturday morning because Capital One processes weekend batches! It's so frustrating that banks aren't more transparent about this!!!

Last year I was in the same boat waiting for my refund to buy a new laptop for classes. I ended up just calling Capital One directly and asking about their policy. The rep told me they typically release government deposits when received, which was 1 day early for me. Maybe try that? I literally called while staring at my empty account balance and the rep could see the pending deposit that I couldn't see yet!

Be careful about counting on specific cycle patterns this year. My brother-in-law was 0605 last year and this year, but his experience was completely different. Last year: filed Feb 10, refund Feb 28. This year: filed Feb 8, still waiting with no updates. The IRS is like a box of chocolates this season - you never know what you're gonna get. Better to prepare for delays than count on that money immediately.

I'm a 0605 filer too, submitted on 2/19 and just got my deposit yesterday. Interestingly, my transcript updated on 4/1 with an 846 code dated 4/3. Has anyone else noticed the IRS is giving shorter windows between the 846 code appearing and the actual deposit this year? In previous years wasn't it usually 5-7 days between transcript update and deposit?

According to the IRS.gov refund status page, most H&R Block customers who filed electronically in February are receiving deposits this week. Your friend should check the Where's My Refund tool (https://www.irs.gov/refunds) which updates daily. The IRS subreddit also has a weekly refund megathread where people post their filing/deposit dates by preparer.

Tell her to call H&R Block directly. Not the local office. The main customer service line. They can see more details. Might save her some stress. Worth the 15 minutes on hold.

Filed 2/16 and my transcript just updated last night. It's like watching a package delivery - sometimes it sits at the distribution center for days, then suddenly arrives ahead of schedule. My cycle code is 20240805, with codes 150, 806, 570, and 971 all posting at once. The 570 initially worried me (like finding a check engine light on), but it cleared within hours and my 846 code appeared with a DDD of 3/20. Hang in there!

SUCCESS! I filed 2/15 and just got my transcript update today. Here's exactly what happened: 1. Filed 2/15 through TurboTax 2. WMR showed one bar for 30 days 3. Checked transcript daily - showed N/A until today 4. This morning transcript appeared with cycle code 20240805 5. Shows 846 code with DDD of 3/20 No special credits claimed, just standard deduction. So relieved to finally see movement! The military move will be much smoother now.

Have you checked if your state return has been processed yet? Sometimes there's a correlation between state and federal processing times for self-employed filers. I've noticed with my clients that when the state processes first, the federal 846 code often appears within 7-10 days afterward.

I've worked with several clients with EINs who filed Schedule C and had the 0505 cycle code this year. According to Internal Revenue Manual 21.4.1.3(1), returns with Schedule C income above certain thresholds undergo additional verification procedures. One client who filed on February 1st just received their 846 code yesterday after 47 days in processing. Their return included home office deductions, vehicle expenses, and depreciation - yet no audit or review was conducted. It's surprising how the IRS seems to be treating routine business returns with such extended timeframes this year without any formal explanation to taxpayers!