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Does Negative $8,191 IRS Transcript Balance Mean Refund Despite $2,027 Self-Employment Tax? (Head of Household with $17,448 AGI)

Looking at my transcript and I'm confused about what I'm seeing. The account balance shows -$8,191.00 but I see self employment tax of $2,027.00. I'm trying to figure out if I'm owed money or if I owe the IRS. Here's what my transcript shows: ACCOUNT BALANCE: -$8,191.00 ACCRUED INTEREST: $0.00 AS OF: Feb. 10, 2025 ACCRUED PENALTY: $0.00 AS OF: Feb. 10, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$8,191.00 ** INFORMATION FROM THE RETURN OR AS ADJUSTED ** EXEMPTIONS: 05 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $17,448.00 TAXABLE INCOME: $0.00 TAX PER RETURN: $2,027.00 SE TAXABLE INCOME TAXPAYER: $13,246.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $2,027.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER): Apr. 15, 2025 PROCESSING DATE: Feb. 17, 2025 TRANSACTIONS: CODE | EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT 150 | Tax return filed | 20250503 | 02-17-2025 | $2,027.00 70221-415-00521-5 806 | W-2 or 1099 withholding | 04-15-2025 | -$146.00 766 | Credit to your account | 04-15-2025 | -$2,242.00 I filed as Head of Household with 5 exemptions, and my adjusted gross income was $17,448.00 with taxable income of $0.00. I see my self-employment taxable income shows as $13,246.00 for me (none for spouse), resulting in a total self-employment tax of $2,027.00. Looking at the transactions section, there was a tax return filed for $2,027.00, W-2 or 1099 withholding of -$146.00, and a credit to my account of -$2,242.00. The account balance plus accruals shows -$8,191.00 (as of Feb. 10, 2025), with $0.00 in accrued interest and penalties. Can someone help me understand if I owe money or if I'm getting a refund? Does the negative balance mean I'm getting money back? And if so, why is it so much higher than what appears to be my withholding plus credits? I'm really confused by these numbers and what they all mean together.

can someone explain why the self employment tax is exactly the same as the tax per return? seems weird

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because their only taxable income was from self-employment. With AGI of 17,448 and standard deductions, their regular income tax was zero.

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Liam Cortez

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what credits did u claim to get such a big refund? tryna learn the ropes here šŸ‘€

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Ellie Lopez

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earned income credit and child tax credit mostly

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First Time Tax Filer Stuck in "Return Received" Stage Since Feb 7 - Tax Topic 152 Showing

I just filed my taxes for the first time and it got accepted on February 7th. I'm filing as Single status and when I check sa.www4.irs.gov, the Where's My Refund tool shows "We have received your tax return and it is being processed." When I log into the website, I can see the three-stage tracker showing: - Return Received āœ“ - Refund Approved ? - Refund Sent ? Under the first stage, it specifically states: "We have received your tax return and it is being processed. If you filed a complete and accurate tax return, your refund should be issued within 21 days of the received date. However, processing may take longer under certain circumstances." The page also has a section called "Helpful Information" that displays "Tax Topic 152, Refund Information" and shows my filing status as "Single" under "Your personal tax information." The website advises: "Please check here or use our free mobile app, IRS2Go, to check on your refund status." I've been checking both the website and the free IRS2Go mobile app daily, but the status hasn't changed from the processing stage. I'm still stuck on the first stage marked with a check mark while the other two stages have question marks next to them. How often does this status typically update? I'm anxiously checking multiple times a day (sometimes at odd hours like 6:06 when I took this screenshot) but seeing the same message every time. Has anyone experienced this before? Should I be concerned about the Tax Topic 152 message, or is that standard information?

Kevin Bell

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its normal for first time filers to take a bit longer. they gotta verify everything extra careful

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welcome to tax season hell bestie 🤮

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Felix Grigori

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literally tho šŸ’…

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idk y everyone obsesses over cycle codes. it shows up when it shows up šŸ¤·ā€ā™€ļø

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bc some of us need our money asap and cant just wait around forever???

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wasnt trying to be rude, just saying checking 24/7 wont make it come faster

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Dylan Fisher

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Call your congressman/woman! Sometimes they can help speed things up when ur stuck in limbo

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Marcus Marsh

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The whole PATH act thing is ridiculous tbh. Why make low income people wait longer? Make it make sense šŸ¤”

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its to prevent fraud but yeah its rough on folks who need the money asap

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Cedric Chung

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Don't stress about the bank, its all about the IRS processing time. Once they release it BOA usually deposits same day

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Sean Matthews

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The IRS is such a joke fr fr. Why they gotta make everything so complicated 🤔

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Ali Anderson

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fr tho its like they WANT us to suffer 😤

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Zadie Patel

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hate to be that person but did you double check all your numbers? sometimes these codes pop up if theres a math error

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Haley Bennett

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yeah i triple checked everything before filing :/

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