You probably don't need to wait for any stimulus-related documentation, as those payments were essentially limited to the pandemic period. It might be worth noting, however, that if you believe you possibly missed receiving any eligible payments from previous years, you could potentially still claim them by filing an amended return for the appropriate tax year, although there are some timing restrictions that may apply. For current 2023 filing purposes though, you should be able to proceed with your return using just the CTC letter you've already received.

According to Internal Revenue Code §6428B, the third Economic Impact Payment was authorized only for tax year 2021, with no provisions for continuation in subsequent years. Treasury Regulation §1.6428B-1 further clarifies that the Recovery Rebate Credit reconciliation was limited to the 2021 tax return filing period. I've reviewed numerous cases where taxpayers delayed filing unnecessarily waiting for documentation that no longer exists. There is no statutory requirement to receive Letter 6475 for your 2023 filing as the credit itself is no longer available under current tax law.

Back in 2022, I was in this exact same situation and found that the Taxpayer Advocate Service was incredibly helpful. They have the ability to expedite cases where there's financial hardship. I submitted Form 911 (Request for Taxpayer Advocate Service Assistance) and had resolution within 3 weeks. They're specifically designed to help when normal IRS channels aren't working.

Based on the current IRS processing metrics, amended returns filed in January 2024 are being processed in exactly 16-20 weeks. For the Child Tax Credit specifically, there's a 14-day integration period after amendment approval, followed by a 7-day verification window. If your amendment was completed on April 23rd, you should see CTC portal updates by May 14th and payment by May 28th. The refund for tax overpayment typically processes in 9-21 days after amendment completion, so you're actually right in that window now. Check your account transcript daily for TC 846 code (refund issued).

Congrats on the good news! FYI for everyone - those IRS emails are legit but they sometimes go to spam folders. Def check there if u haven't gotten one but WMR shows approved. The trace # in Netspend is just their way of showing an incoming ACH transfer - other banks might call it pending deposit or ACH memo. BTW the IRS started sending those emails more regularly in 2023 tax season, so it's not brand new but they've gotten better at consistent timing. The email usually comes 2-3 days b4 the deposit hits ur account.

Think of the IRS refund process like an airplane flight: your return is "boarded" (accepted), then "taxiing" (processing), then "in the air" (approved), and finally "landed" (deposited). That email is basically your "we're beginning our descent" announcement. One word of caution though - I've seen cases where people get the email but then have a last-minute hold placed on their refund. It's like when the plane circles the airport due to traffic. Rare, but it happens, especially with certain international tax situations where the IRS does an extra verification step. Just keep an eye on your transcript if you can access it, as that will show any last-minute changes.

After seeing this post on February 28th, I immediately checked my transcript despite being a weekly 05 cycle code. To my surprise, it had updated with a DDD of March 8th! I filed on February 15th and had been religiously checking every Friday morning as that's when 05 cycles typically update. The IRS is definitely processing returns differently this tax season. For anyone waiting, here's what worked for me: 1. Check transcripts daily regardless of cycle code 2. Look for code 846 with a specific date (that's your actual deposit date) 3. If you see code 570/971 combination, don't panic - mine had those for 3 days before updating to DDD 4. The WMR tool updated a full 24 hours AFTER my transcript showed the DDD Hope this helps someone else who's anxiously waiting!

This situation is actually pretty different from previous years. In 2022 and 2023, cycle codes were much more reliable indicators of update patterns. What we're seeing now is more like the 2019 processing season when the IRS was transitioning between systems. The key difference I'm noticing is that returns with certain combinations of credits seem to be getting prioritized differently. For example, returns with only W2 income and standard deduction appear to be processing faster than those with self-employment income, regardless of cycle code. I'd suggest checking both WMR and transcripts daily, but don't count on either being 100% accurate until you actually see the money in your account.

Did you receive any kind of confirmation email from SBTPG with details? And have you checked if there might be any fees they deducted that could be causing a difference in the amount? Sometimes banks will reject deposits if the amount doesn't match exactly what was expected.

I waited from March 15th to March 23rd last year with the exact same situation. SBTPG said sent, nothing in my Chime. When I finally got through to the IRS, they told me SBTPG had returned the money because of a "name mismatch" - but nobody bothered to tell me! Had to wait another 6 weeks for a paper check. Don't wait as long as I did to start investigating - every day matters when it's your money.