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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?
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.
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.
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!
CosmicCommander
I filed on February 9th and was in exactly the same situation. My transcript finally updated on March 15th and I received my refund via direct deposit on March 22nd. The whole time I had nothing - no transcript, no updates, no explanation. Then suddenly everything appeared at once. Hang in there - I know it's frustrating when you're counting on that money for bills.
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Giovanni Colombo
FWIW I filed 2/8 and was stuck in limbo until yesterday. My WMR finally updated to approved and my transcript appeared outta nowhere. No explanation for the delay, no letters, nothing. Just suddenly processed after 6wks. Refund scheduled for DD on 3/29. Seems like a bunch of early Feb returns all got held up for some reason.
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