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Ever tried calling the IRS directly about your return status? I was in the same boat with TaxAct last month, and after getting frustrated with the lack of updates, I used Claimyr (https://youtu.be/_kiP6q8DX5c) to get through to an actual IRS agent. Why wait for weeks in uncertainty when you can talk to someone who can see exactly what's happening with your return? I was connected within 25 minutes instead of spending hours on hold or getting disconnected.
I've used TaxAct for exactly 7 tax seasons now. This year I filed on January 31st, 2024 and received my refund on February 21st, so it took 21 days precisely. Last year it took 18 days, and the year before that it was 24 days. From my experience, TaxAct itself doesn't affect processing time - it's more about when you file, what credits you claim, and whether your return gets selected for additional review. The software is just the messenger.
FINALLY some good news on this sub!!! I've been stuck in processing hell for 42 days now and was starting to lose my mind! š« So frustrating that the IRS can't just be transparent about these delays! Why do they make us guess what's happening?! Your post gives me hope that maybe, just MAYBE, I'll see movement soon too. This waiting game is absolutely BRUTAL when you're counting on that money!
Did you have any credits on your return? Last year I had a similar timeline but I claimed the Child Tax Credit. The year before that I had a simple return with no credits and it processed in just 14 days. I'm wondering if the tax topic disappearing is specifically related to certain credits being verified.
Just checked my account and the money is there! š Filed through Credit Karma on Feb 1st, got my DDD of 2/25 last week, and Chase just deposited it tonight (2/24) around 8pm. The IRS "deposit date" is more like a "by this date" promise rather than an exact time. Feels like waiting for a package that says "delivery by Thursday" but sometimes shows up Wednesday evening! So relieved this came through - was starting to think I'd have to subsist on ramen until next week!
Different banks. Different times. Credit unions often faster. Big banks sometimes hold longer. Check your bank's policy. Some release government funds early. Others wait until exact DDD. Call your bank directly. Ask about ACH processing times. Specifically for government deposits. Don't rely on general customer service. Ask for ACH department.
Think of the tax filing sites like those "free" mobile games - they let you start for free but then hit you with in-app purchases to continue. The key is accessing the truly free options through the IRS portal. The commercial sites create nearly identical-looking pages to confuse people, like how some stores create knock-off products with similar packaging.
OMG how is it so complicated just to file taxes for free?? š« Do I need to create accounts on multiple sites to find one that works for my situation?
Oliver Fischer
If you're concerned about what's happening with your refund, I'd recommend checking your tax transcript using taxr.ai. The IRS transcript codes can be really confusing, but this tool breaks down exactly what each code means for your specific situation. I was worried about a TC 570 on my account, but taxr.ai explained it was just a temporary hold during processing and predicted my DDD accurately. It also shows you the exact refund amount that should be deposited after any adjustments, so you'll know if the IRS made any changes to your expected refund amount.
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Natasha Ivanova
According to several online resources, including the IRS's own website (https://www.irs.gov/refunds), Chime itself doesn't take fees from tax refunds. However, if you opted to have your tax preparation fees taken out of your refund (sometimes called a Refund Transfer or RT), then those fees would have already been deducted before the money hits your Chime account. You can verify this by checking your tax transcript through the IRS website - the amount listed with code 846 is exactly what should be deposited to your account. If that amount is less than what you expected, it likely means fees were already taken out at the tax processor level, not by Chime.
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NebulaNomad
ā¢Thank you for this thorough explanation. I've been patiently waiting for my refund and was confused about the different amounts shown in different places. This clarifies that the 846 amount is the final deposit amount, which is really helpful information.
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