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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.
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!
According to the Refund Cycle Chart published in the IRM Section 21.4.1, returns filed between February 11-17 that don't require additional review should complete processing by cycle 20240805, which ends March 22nd. Have you checked your Account Transcript specifically? Sometimes the Return Transcript shows N/A while the Account Transcript shows processing codes like TC 150 or pending transaction codes like TC 570/571.
Does the cycle code actually tell you anything useful? I've been trying to decode mine and it's so confusing!
I checked ALL my transcripts and they ALL say N/A!!! Nothing on wage and income, nothing on return transcript, nothing on account transcript! It's like I don't even exist to the IRS even though they took my money all year! This is so unfair!! š”
Word of warning - last yr I filed Feb 15, got accepted same day, but my refund got stuck in ERS (Error Resolution System) for 11 wks! No explanation, no transcript updates, nothing. WMR just said "still processing" the whole time. Then suddenly one day - BOOM - transcript updated and got my $$ 3 days later. IRS never told me why it was delayed. If ur return has ANY discrepancies between ur reported income and what employers reported, it can trigger manual review. Patience is key rn, but def keep checking transcripts weekly.
Carmen Ruiz
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.
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Andre Lefebvre
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?
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