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$28,223.42 Refund with 846 Code (Issue Date 10-23-2024) - When Will It Hit My Account?

Just checking my transcript and see a refund issued date for $29,223.42 with code 846 dated 10-23-2024. Does this mean I'm getting my money on Wednesday? They're also showing interest credited to my account (code 776) for $449.42 on 11-05-2024. First time seeing movement on my account in months! Looking at the full transcript, I filed as Single with AGI of $171,815.00 and taxable income of $157,965.00. My original tax per return was $17,001.00 (code 150), and I had withholdings (code 806) of $44,875.00. My return has a processing date of Nov. 04, 2024, but I'm most excited about that 846 code showing up! After waiting for months, seeing that refund issued code is making me anxious to know when the money will actually hit my account! Here's what my transcript shows: EXEMPTIONS: 01 FILING STATUS: Single ADJUSTED GROSS INCOME: 171,815.00 TAXABLE INCOME: 157,965.00 TAX PER RETURN: 17,001.00 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) Aug. 21, 2024 PROCESSING DATE Nov. 04, 2024 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20244205 11-04-2024 $17,001.00 16221-634-12561-4 806 W-2 or 1099 withholding 04-16-2024 -$44,875.00 846 Refund issued 10-23-2024 $29,223.42 776 Interest credited to your account 11-05-2024 -$449.42 This Product Contains Sensitive Taxpayer Data I'm especially curious about that 846 code with the 10-23-2024 date. Does that mean the money is already on its way to my bank account? I've been waiting since August when they received my return, and this is the first real movement I've seen. Anyone know how long after the 846 code appears that the money actually hits your account?

Vera Visnjic

your withholding seems kinda high tbh. might wanna adjust your w4 for next year

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Jake Sinclair

better to get a refund than owe those clowns šŸ¤”

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Vera Visnjic

nah fam, ur giving the govt an interest free loan

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Brielle Johnson

did u have to call the irs or did it just update on its own?

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Beatrice Marshall

just updated on its own after months of nothing

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Alice Pierce

Called the MI treasury today - they said theyre slammed with returns rn and to just keep waiting šŸ™„

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Esteban Tate

classic government response smh

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Ivanna St. Pierre

Filed mine Feb 5th and already got it! Maybe check if you have any errors?

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Butch Sledgehammer

how tf did u get yours already when u filed after me šŸ˜¤

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Ivanna St. Pierre

idk man just lucky I guess šŸ¤·ā€ā™€ļø

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Derek Olson

bruh the IRS is moving slower than my grandma with her walker this year fr fr

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Danielle Mays

LOL facts šŸ¤£

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Roger Romero

I waited 3 months last year. The system is broken af

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Anna Kerber

3 months? rookie numbers. took me 8 months in 2022 šŸ’€

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LunarEclipse

Your stuck in PATH purgatory with the rest of us lmaooo. But fr tho, mid February is when things start moving

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Yara Khalil

Lemme save u some time - download your transcript and use taxr.ai to check it. It'll tell u exactly whats going on and when to expect updates. way better than refreshing wmr all day

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Dylan Evans

thx! gonna check it out rn

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Understanding My $8,509 Tax Refund: February Processing Date vs April Credit Dates on IRS Transcript

I just got my transcript and I'm trying to understand all these dates and codes for my refund. I've attached a screenshot of my Internal Revenue Service Account Transcript that I received. The transcript shows a total refund amount of $8,509.00 (listed as a negative balance under ACCOUNT BALANCE), but I'm confused about the timing. According to my transcript, the Request Date was 02-07-2025 and Response Date was also 02-07-2025. Here's what my transcript shows: FORM NUMBER: 1040 ACCOUNT BALANCE: -8,509.00 ACCRUED INTEREST: 0.00 AS OF: Feb. 17, 2025 ACCRUED PENALTY: 0.00 AS OF: Feb. 17, 2025 ACCOUNT BALANCE PLUS ACCRUALS: -8,509.00 Under "INFORMATION FROM THE RETURN OR AS ADJUSTED": EXEMPTIONS: 05 FILING STATUS: Married Filing Joint ADJUSTED GROSS INCOME: $53,090.00 TAXABLE INCOME: $23,890.00 TAX PER RETURN: $0.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 The transcript shows a RETURN DUE DATE OR RETURN RECEIVED DATE of Apr. 15, 2025, and a PROCESSING DATE of Feb. 24, 2025. Under TRANSACTIONS, I see: - Code 150 Tax return filed on 02-24-2025 for $0.00 (Cycle 16221-429-39381-5) - Code 806 W-2 or 1099 withholding dated 04-15-2025 for -$2,015.00 - Code 766 Credit to your account dated 04-15-2025 for -$3,599.00 - Code 768 Earned income credit dated 04-15-2025 for -$2,895.00 Can someone help me understand what these dates mean for when I'll actually get my $8,509 refund? I'm especially confused about why I see both February and April dates. The transcript shows a request date of 02-07-2025 and a processing date of Feb 24, but then all these credits are dated April 15. When should I expect the money in my account?

Sofia Torres

Looks like a straight forward return with no delays. ur lucky! šŸ€

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GalacticGuardian

fr fr mine got the dreaded 570 code and its been stuck for weeks šŸ˜­

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Dmitry Smirnov

anyone else notice how the irs system is literally running on technology from the stone age? like how are we still dealing with these cryptic codes in 2025 lmaooo šŸ¤”

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Ava Rodriguez

its giving 1985 vibes fr

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Miguel Diaz

maybe they should spend some of our tax money updating their systems instead of making us decode this mess šŸ’…

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Adrian Hughes

Its ridiculous how they keep saying theyre sending letters that never show up smh. The whole system is broken af

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Molly Chambers

fr fr šŸ’Æ they been saying that since january to me

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Ian Armstrong

Pro tip: Set up an account with USPS Informed Delivery. At least youll know for sure if they actually sent anything

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Lucas Turner

good idea! signing up rn

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Debra Bai

make sure to tell her about that box that says 'someone can claim you as dependent' - my kid missed it last year and it was a whole thing with the irs šŸ¤¦ā€ā™€ļø

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Gabriel Freeman

Reminder: she might still need to file even if she makes less than $13,850 if she had any taxes withheld and wants a refund!

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Laura Lopez

This! My daughter got back like $200 last year from her summer job

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Giovanni Ricci

The IRS is such a joke this year fr fr šŸ¤”

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NeonNomad

facts šŸ’Æ they playing with peoples lives

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Fatima Al-Hashemi

Not to be that person but did you verify your identity on id.me? Sometimes that can cause the no return filed message

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Zoe Dimitriou

yes did that first thing when I filed :

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Mateo Martinez

Its ridiculous how they can just hold our money hostage like this without even telling us exactly whats wrong

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QuantumQueen

fr fr they act like its their money šŸ™„

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Aisha Rahman

YALL NEED TO STOP CALLING THE IRS!!1! It doesn't help and actually can slow things down more. Just gotta wait it out unfortunately.

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Ethan Wilson

facts šŸ’Æ calling just wastes your time

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How long after ID.me verification until IRS releases refund?

I just verified my identity through the ID.me portal that the IRS told me to use. Does anyone know how long it typically takes for them to release the refund after verification? Getting anxious since I filed back in February.

Liam O'Sullivan

Call the tax advocate service! They helped speed up my process after verification

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Ethan Brown

whats their number???

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Liam O'Sullivan

1-877-777-4778 but be ready to wait on hold forever lol

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Amara Chukwu

Pro tip: check your transcript every Tuesday and Friday morning. Thats when they usually update the system.

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Giovanni Conti

facts! 5am EST is usually when updates hit šŸ’Æ

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