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I think you might want to give it a bit more time, probably. The IRS seems to be somewhat overwhelmed this year, from what I've heard. My brother-in-law mailed his return around the same time as you, and it took almost 10 weeks before his transcript updated. Then his refund came about a week later. It's possibly just a normal delay, especially since you haven't received any notices requesting additional information or verification.
I received my refund exactly 48 hours and 17 minutes after my March 6th DDD. It hit my Cash App at 3:17pm on March 8th. Last year it took 72 hours. The year before that it was 24 hours. There's definitely no consistent pattern.
Tax refunds through Cash App are like waiting for a pizza delivery with no tracking - you know it's coming but have no idea when it'll actually arrive. My March 6th refund just showed up today (March 9th). No notification, no pending deposit warning, just suddenly appeared in my balance. For anyone still waiting, hang in there!
I... may have had a similar situation last year. My transcript didn't appear until 12 days after filing. I thought I had plenty of time for my financial aid verification. I didn't. The school wouldn't extend their deadline. I ended up having to take an extra loan for that semester. Maybe consider asking your school's financial aid office if they have any alternatives if the transcript doesn't arrive in time? Some schools have temporary verification options.
Wait, I'm somewhat surprised that schools are this rigid about deadlines. Wouldn't they possibly accept some sort of documentation showing that you've filed and are waiting for official transcripts? Or perhaps an IRS confirmation number of some kind? It seems there should be some flexibility in the system, especially for military families.
Filed on March 2nd last year for my son's college verification. Transcript didn't appear until March 14th. School's deadline was March 15th. Most stressful two weeks ever. If you filed last week (around March 15th?) and need it by March 31st, you're cutting it extremely close. Tax season is at peak volume right now, which can slow everything down. Don't wait - call the IRS transcript request line (800-908-9946) on Monday morning at exactly 7:00am Eastern to beat the queue.
Ugh, the IRS transcript system is so frustrating rn. There's no guaranteed schedule - they say it's weekly but it's more random tbh. If u just filed last week, you're prob not gonna have access by EOM. Your best bet is to talk to the fin aid office ASAP and see if they'll accept proof of filing instead. Most schools have a process for this exact situation bc the IRS timeline never matches up w/ their deadlines.
The IRS updates transcripts exactly once per week, typically on Friday mornings around 6:00 AM Eastern Time. However, your return must complete initial processing before appearing in the transcript system. For returns filed in March 2024, the current average processing time is 17.3 days for e-filed returns and 29.6 days for paper returns. Given your late March deadline, you have approximately a 62% chance of having your transcript available in time if you e-filed, and virtually no chance if you paper filed.
Ana ErdoΔan
Been thru this process twice (last yr and this yr). Here's what happens: 1. After in-person verif, takes 7-14 biz days for IDV dept to process 2. Once processed, your return goes BACK into normal processing queue 3. WMR won't update until AFTER transcript shows codes 4. Look for TC 971 (verification complete) then TC 570 (hold lifted) then TC 846 (refund issued) FYI - if you had EIC or CTC, add another week bc of PATH Act. Also, current processing is backed up by about 10 days according to my tax guy.
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Sophia Carson
Verified in person on February 23rd this year. It's like throwing your tax return into a black hole and waiting for it to emerge on the other side. I sat in the waiting room for 2 hours, then the actual verification took 6 minutes. My transcript updated on March 8th (so exactly 2 weeks), then I received my refund on March 15th. The IRS agent told me they're prioritizing in-person verifications over online ones because they're more secure - like choosing express shipping over standard delivery.
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Samantha Howard
β’The black hole analogy is perfect... I feel like I'm just staring into space waiting for something to happen. I'm glad to hear in-person verifications are processed faster though. That makes me feel a bit better about taking time off work to go to the office.
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