Be careful about articles claiming there are new stimulus payments! I saw one that made me think I qualified for a new payment, but when I actually read it, they were just talking about regular tax credits that have existed for years. I spent hours researching only to find out it was misleading clickbait. I've checked the official IRS.gov website and there's nothing about new stimulus payments for 2024. Don't make financial plans assuming you'll get one!

The community consensus seems clear: there are NO new stimulus payments for 2024. What we do have are the standard tax credits that have been part of the tax code for years. As independent contractors, we should focus on maximizing our business deductions and looking into credits we might qualify for like the Earned Income Credit if your income falls within certain thresholds. Much better to plan based on what actually exists rather than hoping for a stimulus that isn't coming!

Does anyone know if this applies to amended returns as well? I filed my original return on February 15th but had to submit an amendment on March 10th. Should I expect the same timeline, or does the amendment restart the clock entirely?

Let me clarify something important about these deposit dates. The DDD on your transcript is the date the IRS releases the funds, not necessarily when you'll see it in your bank account. Depending on your financial institution, it could be same-day or take up to 5 business days. This is different from tax returns filed in January, which often process faster because the volume is lower compared to February filings.

Be careful with expectations this year. I used H&R Block and my return got caught in the Refund Integrity Verification Operation (RIVO) process which added 6 weeks to my processing time. Nothing was wrong with my return - just random selection. If your WMR shows "still processing" instead of "being processed," that's often a sign of additional verification. The IRS is particularly careful with returns claiming the Earned Income Credit and Additional Child Tax Credit due to historical fraud issues.

H&R Block user here. Got my refund. Filed February 2nd. Received March 1st. Simple return though. No credits. Just W-2 income. Direct deposit helped. No state taxes in my state. Hope this helps.

According to Internal Revenue Manual section 21.4.1.3, the IRS is required to process returns claiming EITC and ACTC after February 15th, but there is no mandated timeline for how quickly this must occur. Last year, I filed January 18th and didn't receive my refund until March 14th despite PATH lifting on February 15th. This year seems to be following a similar pattern for many early filers with credits.

Have you tried checking ur transcripts for TC 766 credit issued? Sometimes that shows up b4 WMR updates. Also, what's ur cycle code? That can tell u which day of the week ur acct updates.

Based on the 2024 filing patterns I've been tracking since January 29th, Chime and other online banks are consistently releasing funds 1-3 days before the official DDD. I received my own refund on February 14th despite having a DDD of February 16th. If you have a traditional bank, expect the funds on your actual DDD, not before. The trace number appears approximately 24-36 hours before the deposit hits your account.

I've seen this happen with multiple online banks, not just Chime. Last year I had my refund go to Current and it arrived 2 days early. The year before that I used Cash App and it was 1 day early. It's definitely a feature of these fintech banks, not just luck or coincidence. Has anyone tried Varo this year? I'm wondering if they're also releasing funds early like they did last tax season.