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Filed and got accepted January 29th but Where's My Refund is showing delayed beyond normal timeframe. My transcript is still showing N/A. Already did the ID verify online but wondering if I need to call and verify too? Anyone know the best time to call and typical hold times?
Anyone know when CTC returns start getting accepted for processing? Been hearing feb 17th floating around but want to confirm if thats accurate. Getting anxious waiting for my refund to hit
Filed my Ohio state taxes and got a deposit date of either Feb 12 or 13. Anyone else with similar dates seeing any movement in their accounts yet? Getting antsy checking my bank account every 5 minutes lol
Can someone help me understand my transcript? I'm seeing a negative balance of -$10,851.00 on my Account Transcript for Tax Period Dec. 31, 2024. I requested this transcript on 02-14-2025 and received the response on the same date. My transcript shows the following information: - ACCOUNT BALANCE: -$10,851.00 - 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): -$10,851.00 From the "INFORMATION FROM THE RETURN OR AS ADJUSTED" section: - EXEMPTIONS: 05 - FILING STATUS: Head of Household - ADJUSTED GROSS INCOME: $54,030.00 - TAXABLE INCOME: $32,130.00 - TAX PER RETURN: $0.00 - SE TAXABLE INCOME TAXPAYER: $0.00 - SE TAXABLE INCOME SPOUSE: $0.00 - TOTAL SELF EMPLOYMENT TAX: $0.00 The dates confuse me. There's a RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) of Apr 15, 2025, and the PROCESSING DATE is Feb. 24, 2025. Under TRANSACTIONS, I see: - CODE 150: Tax return filed, CYCLE 20250605, DATE 02-24-2025, AMOUNT $0.00, Reference number 70221-422-20699-5 - CODE 806: W-2 or 1099 withholding, DATE 04-15-2025, AMOUNT -$4,351.00 - CODE 766: Credit to your account, DATE 04-15-2025, AMOUNT -$915.00 - CODE 766: Credit to your account, DATE 04-15-2025, AMOUNT -$4,348.00 - CODE 768: Earned income credit, DATE 04-15-2025, AMOUNT -$1,237.00 I don't know what all these transaction codes mean or what this means for my refund. The account balance shows -$10,851.00, which matches the sum of all my credits and withholdings, but I'm not sure if that's what I'm getting back? I filed as Head of Household with 5 exemptions. Can someone break this down for me and explain what these different codes mean? Does the negative balance mean I'm getting a refund, and if so, when should I expect it? Why does it show a processing date of Feb. 24, 2025, but the credits are dated April 15, 2025? ๐
Can someone help me understand my transcript? I received my account transcript and I'm totally confused about what I'm looking at. My transcript shows: RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2025 PROCESSING DATE Mar. 04, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250705 03-04-2025 $9,766.00 70211-424-51571-5 806 W-2 or 1099 withholding 04-17-2025 -$12,403.00 826 Credit transferred out to 03-04-2025 $1,393.27 1040 202312 971 Notice issued 03-04-2025 $0.00 This Product Contains Sensitive Taxpayer Data I'm looking at code 150 showing $9,766.00 for my tax return filed on 03-04-2025, code 806 showing my W-2/1099 withholding of -$12,403.00 dated 04-17-2025, code 826 showing $1,393.27 being transferred out dated 03-04-2025, and code 971 with $0.00 for a notice issued on 03-04-2025. I'm really confused about what all these codes and amounts mean for my refund status. The return processing date shows as Mar. 04, 2025, and I can see my cycle number is 20250705. Does this mean my refund is being processed? What does "Credit transferred out" mean? And why is there a "Notice issued" with $0.00? Will I be getting a refund of the difference between my tax ($9,766.00) and withholding ($12,403.00)? That would be $2,637.00, but then what's that $1,393.27 transfer about? Is that reducing my refund? What does all this mean for my refund and when can I expect it?
Cedric Chung
Check your tax transcript every Tuesday morning. Thats when they do the weekly updates. If its still N/A after online verification for more than 2 weeks, then maybe think about calling.
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Talia Klein
actually its Thursday night/Friday morning for transcript updates. Tuesday is just for WMR
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Maxwell St. Laurent
I struck out trying to call 6 times last week. Gave up and used taxr.ai instead - showed me exactly why my refund was delayed and when to expect it. Saved me so much time and stress!
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PaulineW
Same! That tool is a game changer frfr
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