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When Will My $10,892 IRS Refund Arrive? Filed 2/24, Only "As Of" Date Changed to 3/3/25, Cycle Code 20250605

I filed my 2024 taxes and my IRS transcript shows a negative account balance of -$10,892.00. Looking at my Account Transcript for Tax Period Dec. 31, 2024, the only thing that changed in the past week is the "AS OF" date, which is now showing Mar. 03, 2025. Everything else remains exactly the same, including the 150 code (Tax return filed) from 02-24-2025 with cycle 20250605. I just received my IRS Account Transcript that states "This Product Contains Sensitive Taxpayer Data" at the top and bottom. It's from the Internal Revenue Service, United States Department of the Treasury. My transcript shows the following detailed information: - FORM NUMBER: 1040 - TAX PERIOD: Dec. 31, 2024 - ACCOUNT BALANCE: -$10,892.00 (the minus sign signifies a credit amount according to the transcript) - ACCRUED INTEREST: $0.00 AS OF: Mar. 03, 2025 - ACCRUED PENALTY: $0.00 AS OF: Mar. 03, 2025 - ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$10,892.00 Under the RETURN INFORMATION section, it shows: - RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER): Apr. 15, 2025 - PROCESSING DATE: Feb. 24, 2025 The TRANSACTIONS section shows: - Code 150: Tax return filed, CYCLE 20250605, DATE 02-24-2025 - Transaction ID: 76219-422-28007-5 - Code 806: W-2 or 1099 withholding, DATE 04-15-2025 - Code 766: Credit to your account, DATE 04-15-2025 - Code 768: Earned income credit, DATE 04-16-2025 The account balance shows -$10,892.00 with $0.00 in accrued interest and $0.00 in accrued penalty (as of Mar. 03, 2025). I'm starting to get worried about when I'll see my refund since nothing has changed except the AS OF date. I've been checking the Where's My Refund tool but it still just says my return is being processed. Does anyone know what this means for my refund timeline? Has anyone experienced similar transaction codes with their refund? I'm especially curious about what the cycle code 20250605 means for when I might receive my money. It's a significant amount and I had plans for using it.

Oliver Weber

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Has anyone tried calling? I'm thinking about it but dont wanna waste 3 hrs of my life on hold

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dont bother calling rn, they cant tell u anything more than whats on the transcript tbh

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NebulaNinja

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ur lucky ur return is even processed... mine still says 'being processed' since january 😭

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Miguel Castro

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oof that's rough. hope you see movement soon!

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Sofia Ramirez

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The IRS is such a joke at this point. How tf they expect us to file on time when they cant even process last years returns smh 🤔

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Dmitry Volkov

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fr fr the whole system needs an overhaul

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StarSeeker

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Try calling your local taxpayer advocate. They helped me get mine unstuck after 11 months of waiting

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Ava Martinez

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whats the number for that?

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StarSeeker

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google IRS taxpayer advocate for ur state, each 1 has different #

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Amara Nnamani

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its only been 2 weeks... some of us been waiting since march 2023 lmaooo welcome to the club 🤮

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facts. im still waiting on 2022 return. irs doing us dirty frfr

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Early filer here and just wanted to share some detailed info about the 2024 processing timeline: Path Act returns (with EIC/ACTC) won't even start processing until mid-Feb. Regular returns are moving but systems are still ramping up. Your transcript should update within 21 days unless theres an issue. If you want real-time analysis, definitely check out taxr.ai - it saved me so much stress this year by explaining exactly what was happening with my return. Key things to watch for: - Acceptance email from tax software - WMR bar movement - Transcript cycle code - Any 570/971 codes Hang in there!

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Dylan Cooper

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this needs to be pinned fr šŸ“Œ

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This happened to me for my 2023 return. Took about 8 weeks total from hold to refund after I sent in everything they asked for. Just make sure you respond to the letter asap!

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Tax pro here with some detailed info: The 570 hold is standard procedure for new dependent claims. Here's exactly what happens: - First you'll get a 4883C letter (usually within 30 days of filing) - They'll want birth certificate, SSN card, and residency proof - Processing time after sending docs is typically 6-8 weeks - If everything checks out, you'll see code 571 (hold released) Pro tip: Use taxr.ai to track your transcript changes in real-time. It's seriously the best tool I've found for staying on top of these verification cases.

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this is so helpful! downloading taxr now

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Zainab Ali

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bruh the IRS be playing games with our money fr... its OUR money and we need it NOW!!!

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Connor Murphy

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JG Wentworth entered the chat 🤣

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Zainab Ali

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877 CASH NOW šŸ’…

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Yara Nassar

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mine finally updated this morning after 3 weeks of nothing. hang in there!

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Dylan Hughes

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gives me hope tbh

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