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I just pulled my transcript and see a negative balance of -$9,129.00. Looking at my account transcript, it clearly shows "ACCOUNT BALANCE: -9,129.00" at the top with a note that "ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT." The transactions section shows I'm receiving an Earned Income Credit (EIC) of -$6,843.00 (code 768) and another credit to my account of -$2,286.00 (code 766), both dated for 04-15-2025. My transcript shows I filed as Head of Household with 3 exemptions. My adjusted gross income was $23,263.00 with a taxable income of $1,363.00. My tax per return shows $0.00, and I have no self-employment tax (it shows "TOTAL SELF EMPLOYMENT TAX: 0.00" and both "SE TAXABLE INCOME TAXPAYER: 0.00" and "SE TAXABLE INCOME SPOUSE: 0.00"). The processing date on my transcript was Feb. 24, 2025, and my return was filed with a cycle code 20250605 (code 150). My transcript shows "ACCRUED INTEREST: 0.00 AS OF: Feb. 24, 2025" and "ACCRUED PENALTY: 0.00 AS OF: Feb. 24, 2025". I also see a line that says "ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -9,129.00" and a reference number that looks like "14221-427-25757-5" next to my credit. The transcript indicates "RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2025" Does this negative account balance mean my refund is approved? When should I expect it to hit my account?
Been checking my transcript for weeks now and I have no idea what I'm looking at. The dates keep changing and there's all these random codes. Anyone else deal with this? Really need my refund and starting to get worried something's wrong.
Step away from the transcript and check again in a week. Watching it everyday will drive u crazy trust me
Need help understanding EIC requirements. Friend is a single mom with a baby under 1, earned 19k in 6 months while pregnant. Tax preparer claims she needs 40k to qualify for EIC which sounds wrong. Her estimated refund is 8500 but she owes 6200 for past years. Something feels off about this advice.
She needs to grab her docs and RUN from that preparer! The 40k requirement is complete bs. Plus with a kid under 1 she might qualify for other credits too!
Getting anxious here. Filed my taxes on January 30th with EIC and CTC. wondering if anyone else who filed around the same time is seeing the PATH Act message on WMR yet? Been checking every morning but still nothing showing up.
PSA: dont forget the IRS systems update on weekends too. Sometimes status changes happen then even tho ppl think its only weekdays
My transcript keeps showing an 'as of' date that updates every week but nothing else changes. Been waiting since February and getting nervous about my refund. Anyone know what this means or been through the same thing?
Pro tip: check your transcript early morning on Wednesdays and Fridays, thats when they usually do the real updates.
I learned way too much about this last year dealing with delays. The 'as of' date is basically meaningless unless you see actual transaction codes changing. But here's what helped me track everything: - Check for any notice issued codes (971) - Look for freeze codes (570) - Watch for 846 code (that's the refund issued!) - Use taxr.ai to decode everything (seriously saved my sanity) The tool will tell you exactly what each code means for YOUR situation and when you can expect movement. Way better than playing detective with google searches!
https://taxr.ai - literally the best thing ever for dealing with irs stuff
Melissa Lin
those dates look promising! should hit your account soon
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Lydia Santiago
did you claim any pandemic credits? those usually take longer to process
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Ezra Beard
Authornope just regular EIC and child tax credit
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