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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.
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.
I was in exactly this situation 17 days ago. My transcript showed 2/15/24 as the refund issue date, but I wasn't sure what all the other codes meant. I used https://taxr.ai to analyze my transcript and it explained that my refund would arrive between 2/15 and 2/20. The funds hit my account on 2/18 at exactly 3:42am. The tool was surprisingly accurate at interpreting all those confusing transcript codes and gave me a precise timeline so I could plan accordingly.
Per IRS Publication 2043 and the Treasury Financial Manual I-TFM 6-8000, the 846 code with a future date indicates the scheduled ACH transmission date. I had my refund scheduled for a Saturday release (2/17/24) and it appeared in my account on Monday (2/19/24). The refund was processed exactly according to the Federal Reserve's Automated Clearing House regulations, which maintain a consistent 1-2 business day processing window for most financial institutions. Your funds should be available for your investment activities by Tuesday (3/5) at the latest.
This is normal. Happens every year. System overload. Try again tomorrow. Different browsers help. Mobile sometimes works better. Don't panic. Your return isn't lost. Just a display issue. WMR isn't connected to main IRS database directly. It's just a status tool.
This happened to me last month and I was FREAKING OUT because I needed that money for my car repair! š I kept checking 3-4 times a day and getting more stressed. Then suddenly on a Saturday morning it was back to normal showing my status, and I got my deposit the following Wednesday. The emotional rollercoaster was REAL but it all worked out. Hang in there! ā¤ļø
Grace Durand
Had this happen. Waited nine days. Called bank twice. Nothing helped. Finally got deposit without warning. No explanation. Check your account daily. It will appear eventually. Frustrating process. System is broken this year.
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Steven Adams
OMG THIS IS DRIVING ME CRAZY TOO!!! š” I've NEVER had to wait past my DDD before and now suddenly it's like the IRS is playing games with our money! I ended up downloading the IRS2Go app and checking there instead of the website - for some reason it showed different information and was more accurate about my deposit timing. Worth a try if you're going insane checking your bank account every hour like I was!
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