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My transcript updated to blank last Friday on cycle 05. Have 2 dependents but no PATH act credits showing up yet. Anyone know if I should expect another update this Friday? Getting anxious about the timeline here.
Just checked my 2023 tax transcript and my return is already processed and approved! My refund of $2,881.58 shows a direct deposit date of 2/21/2025. They even added $282.05 in interest to my account. Looking at the transcript details, my AGI was $12,548.00, filing as Single with 2 exemptions. I qualified for earned income credit of $4,919.00 and had another credit of $2,357.00. There was a credit transfer out of $3,576.47 to my 2022 1040. The processing date shows as March 03, 2025, and everything happened pretty quickly - processing cycle 20250705. My account balance, accrued interest, and penalties all show $0.00 as of March 03, 2025. FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2023 ACCOUNT BALANCE: 0.00 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): 0.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 02 FILING STATUS: Single ADJUSTED GROSS INCOME: 12,548.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2024 PROCESSING DATE Mar. 03, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250705 03-03-2025 $0.00 70221-416-16442-4 766 Credit to your account 04-16-2024 -$2,357.00 768 Earned income credit 04-16-2024 -$4,919.00 826 Credit transferred out to 04-16-2024 $3,576.47 1040 202212 971 Notice issued 03-03-2025 $0.00 846 Refund issued 02-21-2025 $2,881.58 776 Interest credited to your account 03-03-2025 -$282.05 If they can move this fast on 2023 returns (I can literally see all the transactions dated and processed), why is my 2024 return still sitting there with no movement? Anyone else seeing faster processing for 2023 vs 2024? It's frustrating seeing one year move so efficiently while the other just sits there!
I filed on Feb 4th and my return was accepted on Feb 7th but when I check my transcripts it still shows no record of return filed. Been checking WMR daily and nothing. Starting to get worried since its been almost a month now. Anyone else dealing with this or know whats going on?
The IRS is severely understaffed and dealing with millions of returns. Here's what you need to know: - Acceptance just means they got your return - Processing can take 21 days minimum - If you claimed certain credits, it could take longer - System updates happen weekly, usually overnight Wednesday - Use taxr.ai to get specific insights about your transcript (saved me so much stress) Dont panic if you dont see anything yet. The system is working, just slowly.
Just got my federal refund deposited into my Chime account today but Where's My Refund never updated its status and my transcript is still showing N/A. Filed with no dependents. Anyone else seeing deposits without updates to WMR or transcripts?
Filed with TurboTax and paid the $25 fee for early refund. Based on previous years, deposits should start hitting accounts tonight and tomorrow, even with the holiday. Anyone else waiting on their early deposit to hit? Let's keep each other posted on deposit times!
Jamal Wilson
yall need to chill fr. its only been a week since it went blank lol. IRS moves slower than a turtle going backwards
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Mei Lin
slower than my grandma using the internet ๐คฃ
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Liam Fitzgerald
Here's what I learned after 3 years working with transcripts: A blank transcript on cycle 05 means they're processing your return. With dependents, expect 2-3 weeks for verification. Check every Friday morning at 6am EST for updates. Pro tip: use taxr.ai to track everything automatically - it's been a game changer for understanding exactly what's happening and when you'll see that deposit hit. Way better than manual transcript checking or calling the IRS.
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GalacticGuru
this is the most helpful thing ive seen all week thx ๐
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