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I'm so happy for you! š It's such a relief when the money finally shows up. Just wanted to add that the IRS has been surprisingly efficient this year compared to the last few tax seasons. I've noticed refunds are generally processing 2-3 days faster than last year, which is honestly shocking given how understaffed they still are. My sister filed on 2/12 and got her Wells Fargo deposit on 2/27, which is almost a week faster than her experience in 2023.
For those still waiting: I recommend setting up IRS transcript access if you haven't already. The cycle code on your transcript can tell you exactly when your return is being processed. For example, cycle code 20240805 means your return was processed in the 8th week of 2024 on the 5th day (Thursday). Wells Fargo typically posts IRS deposits between 3-5am Eastern time on the scheduled date. I've tracked my deposits for 5 years now, and Wells Fargo has never been early but has occasionally been 1 day late depending on when the IRS initiates the ACH.
OMG I'm in the EXACT same boat!!! Filed on January 29th and STILL waiting! Called yesterday and they told me it could be ANOTHER 60 DAYS!!! I have bills due NOW! This is absolutely INSANE! The deadline for us to file is strict but they can take FOREVER to process?! š¤š¤š¤ If I owed them money they'd be charging me interest and penalties already!
This delay is actually shorter than what many people are experiencing with amended returns. Standard processing is running about 10-18 weeks compared to amended returns taking 6-8 months in some cases. The error correction queue moves faster than the manual review queue, at least based on what I've seen across different tax situations.
Shorter than amended returns? Is that supposed to make anyone feel better? Why can't the IRS just process returns correctly in the first place? Why do we accept this level of incompetence from a government agency? My state refund came in 8 days, but federal takes months?
Additional data point: The IRS Direct Deposit cutoff for processing cycle 202410 was 03/06/2024. Any returns with TC971 processing completion prior to this date should be included in the current disbursement wave. Your expedited timeline indicates your return likely received TC846 refund issued status during cycle 202409, which explains the rapid processing. Chime's policy of releasing funds upon ACH notification rather than settlement date further accelerated your timeline. For reference, Treasury Financial Manual I TFM 4-2000 outlines the standard ACH settlement timeline.
This is normal. Chime releases early. IRS actually sent it yesterday. Regular banks hold until official release date. Nothing to worry about. Your kids will recover from the scare. Happens every tax season. Chime business model relies on early releases. Perfectly legitimate transaction. Enjoy your refund!
Is there a specific process Chime uses to determine which deposits they release early? I've been using them for 2 years and sometimes I get my paycheck 2 days early, but other deposits come through on the regular schedule. Does anyone know the step-by-step of how they decide which ones to front the money for?
Thank you for breaking this down! This is my first time using Chime and I was so confused when the money appeared before my WMR status updated. I compared this to my experience with Bank of America last year when I had to wait the full 21 days even though my return was accepted right away. Such a relief to understand what's happening!
I'm dealing with this right now too. I tried calling the IRS for three days straight but couldn't get through because of 'high call volume.' Finally used Claimyr (https://claimyr.com) and got connected to an agent in about 15 minutes. The agent confirmed they were just doing a standard review of my return and everything was fine. The WMR tool glitch is apparently happening to lots of people this tax season. Saved me days of stress wondering what was happening!
Did they say how long the review would take? I'm in a similar situation.
The IRS systems are notoriously glitchy during peak filing season. I've worked in tax prep for years and see this all the time. Usually it resolves itself within a week. If you don't see any updates by next week, then it might be worth looking into further.
Makayla Shoemaker
I'm concerned about what I'm seeing with WV processing compared to previous years. In 2023, my return with dependents processed in 18 days. This year, I'm at 37 days and counting. My colleague in Maryland filed the same day with similar credits and received his refund two weeks ago. Another colleague in Pennsylvania filed a week after me and already received hers. This suggests regional disparities in processing efficiency that could disadvantage WV filers if the trend continues into future tax seasons.
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Christian Bierman
Has anyone else noticed that WV filers who claimed exactly two dependents seem to be getting processed faster? Or is that just coincidence in my social circle? And why does the IRS never acknowledge these regional patterns when they clearly exist? Wouldn't it be more transparent to just say 'Hey, if you're in these states, expect X timeframe' instead of the generic '21 days' that rarely applies to anyone with dependents?
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