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Yay! So happy for you! I filed February 20th and still waiting. Called the IRS three times but could never get through - just the automated system saying it's still processing. Finally used Claimyr (https://youtu.be/_kiP6q8DX5c) yesterday and got through to a real person in about 15 minutes. The agent confirmed my return was approved but just waiting in the disbursement queue. Should have my date within a week. Definitely worth it after weeks of stress!
Wait what is Claimyr? I've been trying to call for days and just keep getting the "we're too busy" message.
I filed on February 24th and just got my deposit date today too! Must be processing a batch from late February right now. For anyone still waiting - hang in there!
According to the TurboTax support forums, you can check the status of your refund after the IRS sends it by going to https://taxpayer.sbtpg.com/ - this is the bank TurboTax uses as a middleman when you choose to have fees taken from your refund. I've seen several posts on r/tax confirming this adds 3-7 days to the process. The WMR tool only shows when the IRS sent it, not when you'll actually receive it.
Finally got my refund after dealing w/ this exact same issue! WMR said sent on 3/14, didn't hit my acct until 3/22. Turns out TT uses SBTPG bank and they were holding it. Called them directly (took forever to find the right #) and magically my $ appeared next day. Next yr def paying fees upfront instead of from refund. Such a hassle but at least got my cash eventually!
I think you should probably wait for the letter, just to be safe. The verification process might be different depending on what they're specifically questioning about your return. Some letters require you to verify online, others by phone, and some might require an in-person appointment. If you call the wrong department, they might not be able to help you anyway. I wouldn't want you to waste time calling around when the letter will have the exact instructions you need.
Be careful with this verification process. On March 14th, I called what I thought was the verification number, but it turned out to be a scam that had been posted online. The real IRS verification line is 800-830-5084, but they will NEVER ask for payment information or gift cards. If anyone asks for that, hang up immediately. The legitimate process should only involve confirming information from your previous tax returns and answering personal questions only you would know.
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.
Carmen Sanchez
I was in almost the exact same boat as you - filed Jan 28th, accepted same day, then crickets for weeks! My transcript did exactly what yours did - showed exemption code and filing status but nothing else. I was ready to pull my hair out until exactly 31 days after filing when everything suddenly updated at once. It was like the IRS flipped a switch and my refund was in my account 5 days later. The waiting is like watching paint dry, but when it moves, it moves fast!
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Ethan Campbell
FYI for anyone dealing w/ this situation: The transcript codes actually tell you a lot more than WMR. When you see exemption code 00 + filing status but nothing else, it means your return has passed initial validation and is in the processing queue. It's in the system but hasn't been fully processed yet. Usually takes another 7-14 days from this point to get your refund date. The IRS is running about 21-30 days total processing time for uncomplicated returns this year according to what I've seen across multiple forums. Hang in there!
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