
IRS
CommunityGovernment Services


Ask the community...
Can someone help me understand my 2024 tax transcript? I received it today (02-12-2025) and I'm trying to make sure everything looks right. My transcript shows the following details: FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2024 ACCOUNT BALANCE: -$8,934.00 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): -$8,934.00 Under "INFORMATION FROM THE RETURN OR AS ADJUSTED": EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $37,754.00 TAXABLE INCOME: $15,854.00 TAX PER RETURN: $0.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 My RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) is Apr. 15, 2025 PROCESSING DATE is Mar. 03, 2025 Looking at the TRANSACTIONS section: CODE 150: Tax return filed - CYCLE 20250701 - DATE 03-03-2025 - AMOUNT $0.00 (Transaction ID: 80211-429-69866-5) CODE 806: W-2 or 1099 withholding - DATE 04-15-2025 - AMOUNT -$2,533.00 CODE 766: Credit to your account - DATE 04-15-2025 - AMOUNT -$2,612.00 CODE 768: Earned income credit - DATE 04-15-2025 - AMOUNT -$3,789.00 So my total refund amount is -$8,934.00 which includes an Earned Income Credit of -$3,789.00. I filed as Head of Household with 3 exemptions. My AGI shows as $37,754.00 with taxable income of $15,854.00. The account balance shows -$8,934.00 and there are no accrued interest or penalties ($0.00 for both). Is everything looking normal with these numbers and dates? I just want to make sure I'm understanding the transcript correctly and that there aren't any red flags I should be concerned about.
Filed my taxes end of January, WMR still showing 'return received' status. Haven't gotten any verification letters and I'm not claiming EIC so not on PATH act. When I try to access my transcripts online it says 'not available'. Starting to get worried, anyone know what this could mean?
Got my Direct Deposit Date of Feb 13th (no earned income credit or child tax credit). I opted for the TurboTax 5 days sooner feature. Since 5 days earlier would land on Saturday, should I see the deposit hit today?
Just got a letter from the IRS saying I owe taxes from 2022. They gave me until May to respond. Will they take my 2023 refund before I even get a chance to dispute the amount they say I owe? Anyone dealt with this before?
Filed my taxes 3 weeks ago and transcript still shows N/A. Been checking every morning and nothing changes. Getting worried since I need this money. Anyone know if updates happen tonight? Starting to get nervous about delays.
Ryan Vasquez
Lucky you! Mine's been stuck on still processing since January ๐คก
0 coins
Avery Saint
same boat fam... going on 6 weeks now ๐ญ
0 coins
Ryan Vasquez
its like they just forgot about us fr fr
0 coins
Taylor Chen
FYI for everyone - if you wanna actually understand ur transcript without the guesswork, use taxr.ai. Best tool I've found so far and its only a buck ๐ฏ
0 coins
Keith Davidson
just tried it and wow... way better than asking random ppl online ngl
0 coins