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For business tax returns specifically, the deposit dates are even less reliable. The IRS processes business returns through a different system than personal returns. Your frustration is valid. The deposit date shown is when the IRS initiates the payment, not when it arrives in your account. Banks hold ACH transfers for 24-72 hours depending on their policies. This isn't unique to tax refunds - it happens with all government payments.
Have you tried direct deposit to a digital bank instead? I switched from traditional banking to Chime last yr and got my refund 2 days BEFORE the IRS deposit date. Many online banks offer early direct deposit features that release govt funds as soon as the payment notification arrives, instead of waiting for actual settlement. Might solve your prob next time without needing to sue anyone lol.
I'm one of the 2/12 filers and spent THREE DAYS trying to get through to the IRS to find out what was happening. Finally used Claimyr (https://claimyr.com) and got through to an agent in about 15 minutes. Turns out they needed to verify my W2 info but never sent a letter. Agent cleared it right away and my deposit hit 2 days later. Might be worth a try if you're still stuck.
Yes. Still showing PATH. Filed January 25th. Claimed EITC. Transcript shows processing. No errors. No letters. Just waiting. Others reporting same issue.
I went through this exact same situation last year and the year before. In 2022, I waited 3 months past the PATH Act deadline for my refund. In 2023, it was 2 months. This year I'm still waiting after filing January 24th. I've learned that calling rarely helps unless there's an actual issue they need to resolve. The PATH delay is just their standard operating procedure now, especially if you have a business with Schedule C income and claim EITC.
According to Internal Revenue Manual section 21.4.1.3, transcript updates typically follow a specific pattern based on your cycle code. If your cycle code ends in 01-04, you're on daily processing. If it ends in 05, you're on weekly processing. Per IRS Publication 2043 (IRS Refund Information Guidelines), the "Where's My Refund" tool can show various statuses including the disappearing bars, which indicates a shift from "Return Received" to "Return Processing" status. This is not necessarily cause for concern.
I was in the exact same situation on March 12th. My bars disappeared and the transcript site was down for three straight days. I finally got access on March 15th, and my transcript had updated with a direct deposit date for March 19th. The IRS is just absolutely swamped right now with the April 15th deadline approaching. If you filed in February like I did, you're probably just caught in the mid-season processing backlog.
Mary Bates
OMG I was JUST about to post this exact same question!!! My red circle appeared yesterday morning and I'm DYING waiting for my refund to hit! Last year I got the circle on a Tuesday and had money by Thursday, but this time it's different and I'm so anxious about it! I've literally set up alerts on my banking app and check it every hour. This money is going straight to catching up on bills from when I was sick in January. The waiting is TORTURE!
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Clay blendedgen
Per IRS Publication 2043, the standard timeframe for direct deposit after refund approval is 1-5 business days. Weekends and holidays are excluded from this calculation. My red circle appeared on March 15, 2024, and funds were deposited on March 19, 2024. Four business days is within normal parameters and does not indicate any processing anomalies.
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