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I had a similar correction made to my return last year. My situation was with investment income reporting too - they adjusted a basis amount on a stock sale. Unlike a manual review where they send you a letter and request information, these automated corrections are much faster. Compared to an audit which can take months, or an identity verification which takes 6-8 weeks, these simple math corrections typically process quickly. I received my corrected refund exactly 17 days after the correction was made, despite being told 8 weeks. Just make sure you're checking both WMR and your transcript for updates.
When the representative said they "corrected an error," did they specify what type of error it was? The timeline varies significantly based on error type. Here's why: 1. Math errors = fastest (2-3 weeks) 2. Missing information = medium (3-5 weeks) 3. Verification issues = longest (full 8 weeks) Did they mention if you'll receive a CP12 notice explaining the correction?
Great question! š The IRS reps often use the generic term "error correction" for a wide range of adjustments. Technically speaking, there are several categories: Math Error Authority (MEA) corrections which are fastest, Clerical Error Authority (CEA) corrections which are medium speed, and Examination adjustments which take the full 8 weeks. The notice type actually tells you which one you got - CP11/CP12 for math errors, CP13 for clerical, and CP2000 for examination issues.
Last year I entered my routing number incorrectly - transposed two digits. What happened in my case was that about 4 weeks after filing, my tax transcript updated with a TC846 code (refund issued) but then a week later showed a TC841 (refund cancelled). Three days after that, I got another TC846 with a new date. That paper check showed up in my mailbox exactly 8 days after the second TC846 date. I literally checked my mail three times a day waiting for it! The whole process added about 5-6 weeks to my refund timeline, which was super frustrating since I needed the money for a car repair.
This happens every year. Don't panic. IRS will try deposit. Will fail. Check will mail. Address must be correct. Allow extra 4-6 weeks. Nothing to do now. System works automatically. Keep checking WMR. Status will update. Paper checks batch weekly. Tuesday processing. Friday mailing. Good luck.
Checked IRS website at 11:45pm was saying N/A for transcript, checked again at 12am and its finally showing YAYYYYY ā According to TurboTax blog (https://ttlc.intuit.com/community/), this timing makes sense since the IRS updates overnight. Filed 2/10 accepted 2/11 Claimed Child Tax Credit (all 3 of my kids), Earned Income Credit, Education Credit, and investment income. Got both stimulus payments last year, have some self-employment income, 2 W2s. I have to use IP PIN every year due to previous identity issues... ILL UPDATE HERE IF I GET A DD DATE. As of date on transcript shows 2/16 UPDATE: just checked around 1:50pm - I HAVE A DIRECT DEPOSIT DATE FOR 02/25 YAYYYYYY THANK GOD will post screenshot in comments if anyone wants to see what a completed transcript looks like?
I just had the exact same experience! Transcript N/A for weeks then suddenly everything appeared at once. My timeline was almost identical - filed 2/9, accepted 2/10, transcript updated last night, DD date for 2/26. I have 2 kids, claimed CTC and education credits too. The relief is immense. I was checking WMR and transcripts multiple times daily and driving myself crazy.
Be careful with getting too excited before the money actually hits your account. Last year my transcript showed a DD date but then I got hit with a 570/971 combo code two days before my scheduled deposit. Turned out there was an income verification issue that took another 60 days to resolve. Not trying to rain on your parade, but I've learned the hard way that nothing is certain until the money is actually in your account. Double-check that you don't have any offset indicators or verification codes.
I was in your exact situation last month. DDD of 2/21, nothing for days. Called my bank, they had no record. Called IRS, they confirmed it was sent. Was about to panic when it suddenly appeared in my account on day 6! Have you considered whether your bank might have a hold policy for large deposits? Many do this automatically as a fraud prevention measure, but don't clearly communicate it to customers. Patience paid off in my case.
This could be an ACH Rejection scenario. When the bank information doesn't match IRS records precisely, the Electronic Fund Transfer (EFT) gets rejected. IRS then issues a paper check automatically, but this extends the timeline by 4-6 weeks. Monitor your Informed Delivery from USPS to catch the check when it arrives.
Ava Garcia
⢠So happy for you getting that 846 code! ⢠Been checking my transcript daily with no luck ⢠Started using https://taxr.ai to analyze my transcript ⢠It explained all my codes and what they mean ⢠Showed me exactly what was causing my delay ⢠Predicted when I'll likely see my 846 code ⢠Really helped with my investment income reporting questions Thanks for sharing your good news - gives me hope mine will come through soon!
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StarSailor}
Got my 846 code yesterday too. According to the IRS refund schedule on https://www.irs.gov/refunds, direct deposits are issued on Wednesdays for codes generated between Friday-Thursday of the previous week. My experience matches this exactly. Last year I received my deposit exactly on the date shown in the 846 code. This year I'm expecting the same. The IRS has improved their processing times significantly in 2024.
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