The PATH Act hold works like this: returns with EITC/ACTC filed before February 15th are processed upon receipt, but refunds are held until after February 15th. The exact timing after that depends on several factors: - Returns processed and approved by February 15th typically see deposits between February 17-28th (exactly 90% of these are deposited within 7 business days) - Returns still requiring additional verification after February 15th follow normal timeframes from completion date (typically 3-5 business days) - Direct deposits generally arrive 1-3 business days after the IRS release date Based on the 2024 processing statistics, the average wait time after February 15th is exactly 5.2 business days for fully processed returns.

I filed on January 20th last year with EITC, and my experience was different than what most people describe. My return was actually still being processed when February 15th hit, so I didn't get my refund until March 2nd. Compared to my brother who filed just two days before me but got his refund on February 21st. The key difference? His return was simpler and completed processing before the PATH hold lifted, while mine had some education credits that required additional review. So while the 21-day period doesn't technically restart, your individual processing time can vary significantly depending on the complexity of your return.

I don't think that's entirely right. The Child Tax Credit has income phase-outs that can reduce what you get, especially with multiple kids. And if your divorce agreement says your ex gets to claim some of the kids, you can't just claim them all because you want to. Trust me, I learned this the hard way... got a lovely letter from the IRS six months later. 😑 Not fun explaining THAT to my ex.

It's more nuanced than some are suggesting. Unlike the Earned Income Credit which has different tiers based on number of children (topping out at 3+), the Child Tax Credit truly does apply separately to each qualifying child. I've compared this to other countries' systems where benefits often diminish after a certain number of children, but the US CTC doesn't work that way. Each qualifying child under 17 can receive up to the full amount, subject only to your income phase-out limits. Just be absolutely certain you're entitled to claim each child based on your divorce decree - that's where most post-divorce tax issues arise.

Tax professional here. The implications depend on a few factors: 1. The amount on the 1099-NEC (which determines the tax liability) 2. Whether she's had compliance issues before 3. If she files other tax returns on time The IRS uses an Automated Underreporter (AUR) program that matches 1099s against tax returns. For 2022 returns, this matching typically happens in late 2023 through mid-2024 (we're right in that window now, actually). If she files an amended return now, she'll likely just owe: - Original tax due - Interest (currently around 7%) - Possibly a small late payment penalty If she waits for the IRS to catch it (and they will, I promise), add: - Accuracy-related penalty (20% of tax) - Higher interest accumulation - Potential compliance flags on her account Don't let her lose sleep over it though! This is fixable and honestly *snort* the IRS has bigger fish to fry than small contractor income.

According to the IRS website (https://www.irs.gov/businesses/small-businesses-self-employed/amended-returns-form-1040-x), you can now e-file amended returns for 2022, which might speed up processing. The site also mentions that the IRS generally has 3 years to assess additional taxes, but I've seen forum posts where people didn't get notices about missing 1099 income until 18+ months after filing. Has anyone confirmed if there's a typical timeframe for when these notices go out? I'm wondering if your daughter might still be in that window where they haven't processed the mismatch yet.

Just checked mine today! Gotta look for TC 846 "refund issued" on acct transcript. DD date is right there next to it. If u don't see it yet, ur still in processing. Mine showed up exactly 21 days after filing. Refund hit my bank acct the EXACT day shown. Need to check ASAP if ur counting on the $$ soon!

The deposit date information appears differently than it does on other government systems. Unlike unemployment benefits where the payment schedule is clearly labeled, the IRS transcript uses code 846 followed by a date. This is the scheduled deposit date. Keep in mind that banking holidays can affect this timing, similar to how Social Security direct deposits adjust around weekends.

I had this exact same issue! Here's what worked for me: 1. I checked both my account and my husband's account (he's primary) 2. His showed the transcript first, about 3 days before mine updated 3. I called the IRS using the automated system (1-800-829-1040) 4. Selected options 2-1-3-2 when prompted 5. Verified my identity 6. Found out my return was just in normal processing Such a relief to know nothing was wrong! The weekly updates are still happening, so definitely check again tomorrow morning. It might just appear!

This happens every year, and yet the IRS does nothing to improve their systems. I've been tracking my returns for the past 5 years, and the pattern is getting worse, not better. Last year I filed on 2/3, got transcript on 2/28, refund on 3/7. Year before was even faster. This year? Filed 2/1 like you and STILL waiting. My friend who filed 2/15 already got her refund! The processing order makes absolutely no sense anymore. At least with MFJ both spouses can check - gives you two chances to catch an update.