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Oh my god I'm SO stressed about this too!!! I filed on 1/31 and my transcript is still showing N/A for 2024! I'm worried something is wrong with my return or that I made a mistake with my crypto reporting. š° What if they're flagging our returns for audit?? Has anyone had success checking their account transcript instead of the return transcript? I'm checking literally every hour and it's driving me crazy!
Has anyone figured out if there's a pattern to when the transcripts update? Like specific days of the week or times of day? I'm losing my mind checking constantly.
I track all my tax seasons like I track my investments - with spreadsheets and too much attention to detail! š Last year I filed on January 25th and my transcript didn't appear until February 16th. The year before, filed January 29th and transcript appeared February 12th. Compared to returns with just W-2 income, those of us with investment income (Schedule D, 1099-B, etc.) seem to take about 5-7 days longer to show up in the transcript system. It's like the IRS has a special slower lane for us investors.
Have you checked your Return Transcript or just your Account Transcript? Sometimes the Account Transcript stays empty while the Return Transcript shows processing. And have you verified your identity through ID.me yet? Could there be any reason your return might need manual review - perhaps a mismatch between your reported income and what employers submitted on W-2s or 1099s?
Just wanted to share some good news that might give you hope! I was in exactly your situation (filed Jan 31, one dependent) and my transcript was completely empty until yesterday. I checked the IRS2Go app and suddenly had a deposit date. When I checked the transcript online, it had fully updated with all processing codes at once. According to the IRS website processing tracker (https://www.irs.gov/refunds) they're currently working on returns received around Jan 29-31, so you should see movement very soon!
I feel your pain! I was in the EXACT same situation last year! š© I filed 2023 first, then realized I never filed 2022. It was so stressful but actually turned out fine! I called the IRS and they were surprisingly helpful. The lady told me it happens more than people think. For your small business, make sure you have all your expense receipts organized by category - this made a HUGE difference for me. I was so worried I'd get in trouble but it was just a normal process. You got this! šŖ
I had a strange experience with verification last year. My return was accepted on January 28th, but then nothing happened for weeks. I called the IRS after 21 days and discovered I needed to verify my identity, even though I hadn't received any letter. The agent explained that sometimes the letters get lost in the mail. After verifying through ID.me that same day, my refund was processed within a week. My takeaway is that if your refund is delayed beyond the normal processing time (21 days for e-file), it's worth calling to check if verification is needed.
Wow, I had no idea the letters could just... not arrive? That's concerning. I always assumed no letter meant no problem. I guess I should be more proactive about checking if my refund seems delayed.
Back in 2022, I had to go through verification twice because I moved states. From that experience and helping others since, I've noticed some patterns that might indicate you'll need to verify: 1. First-time filers almost always get verified 2. Major life changes (marriage, divorce, moving states) 3. Large changes in income or deductions 4. Claiming refundable credits for the first time 5. Filing from an IP address in a different location than your address If any of these apply to you, I'd recommend being proactive and checking your transcript weekly after filing.
StarSurfer
According to the official IRS processing guidelines (https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions), PATH Act refunds cannot be issued before February 15th, but processing times after that date may vary considerably. The IRS.gov website specifically notes that the "Where's My Refund" tool typically updates for affected taxpayers by February 19th, but that's just when information becomes available, not necessarily when refunds are issued. Most PATH Act returns seem to follow weekly processing cycles, with major transcript updates occurring on Wednesdays and Fridays.
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Ava Martinez
Don't count on any specific timeline. Last year I got the PATH message and then waited 6 weeks for my refund. Friend of mine filed same day, got hers in 2 weeks after PATH lifted. No rhyme or reason to it. IRS doesn't prioritize based on need. They have their own internal system that makes no sense to regular people. Just don't make any financial plans based on when you think it's coming.
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