Confused: Transcript Shows $5,755 Refund with $485 Tax Due After $2,700 Advance - AGI $60,385 with Withholding/Credits Not Adding Up

I'm really confused about my refund this year. Looking at my transcript, my total refund shows -$6,755.00, and I already received an advance of $2,700. I expected the remainder to be around $2,100, but I'm seeing different numbers that aren't making sense. Here's what my transcript shows: ``` -6,755.00 0.00 AS OF: Mar. 04, 2025 0.00 AS OF: Mar. 04, 2025 payort amount): -6,755.00 ** INFORMATION FROM THE RETURN OR AS ADJUSTED ** EXEMPTIONS: FILING STATUS: ADJUSTED GROSS INCOME: 60,385.00 TAXABLE INCOME: 30,548.00 TAX PER RETURN: 485.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 3,165.00 TOTAL SELF EMPLOYMENT TAX: 485.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 16, 2025 PROCESSING DATE Mar. 04, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250701 03-04-2025 $485.00 70221-429-96648-5 806 W-2 or 1099 withholding 04-16-2025 -$5,752.00 766 Credit to your account 04-16-2025 -$1,101.00 768 Earned income credit 04-16-2025 -$587.00 ``` The tax per return amount of $485.00 is really throwing me off - it seems like that's all we're getting which can't be right. Our AGI is $60,385.00 with taxable income of $30,548.00. I see various credits and withholdings listed: W-2/1099 withholding of -$5,752.00, another credit of -$1,101.00, and earned income credit of -$587.00. My spouse has self-employment taxable income of $3,165.00 with a total self-employment tax of $485.00. The processing date shows as Mar. 04, 2025, and the return due date is Apr. 16, 2025. The tax return filed (code 150) shows $485.00 with cycle 70221-429-96648-5. With all these numbers, especially the total refund amount of -$6,755.00, I'm completely lost on what my remaining refund should be. If I already received $2,700, shouldn't I be getting around $4,055.00 more? The numbers in the transcript aren't adding up to what I was expecting. Can someone help me make sense of these figures?

Transcript showing 'No tax return filed' after accepted on 1/17 - What's going on?

I filed my taxes on January 15th and got acceptance confirmation on January 17th. Just checked my transcript today and it's showing 'No tax return filed' - I'm super confused because I definitely filed and got the acceptance message. Anyone know what this means or been through something similar?

When is IRS Transcript next cycle update? Verified 3/28 no DDD

No cycle code showing after transcript updated to processing - Does this mean cycle 5?

My transcript finally updated to processing status on Friday but there's no cycle code showing up. I'm trying to figure out if this automatically means we're cycle 5 since it updated on Friday, or if this just means Friday was when they started looking at our return? Anyone know how this works?

How is IRS processing order working? Filed in Feb, still waiting while April filers getting paid

Been waiting since February for my refund and seeing people who filed in April getting theirs already. Getting really frustrated seeing everyone posting about getting their money when I filed way before them. Are they just picking returns randomly or what? Getting tired of checking WMR every morning just to see the same processing message.

Code 1242 and Topic 151 on transcript - Dependency issue confusion

Just checked my transcript and saw code 1242 with topic 151. After searching online, looks like this might be related to a dependency issue. Anyone dealt with this before? Getting worried about my refund.

$20,130 Credit on 2023 Transcript with Amended Return Processing - 810 Freeze Gone, When Will $19,267 Refund Arrive?

Just checked my 2023 tax transcript and noticed some activity. I downloaded my Account Transcript from the IRS website today (10-20-2024) and I'm really trying to understand what's happening with my refund. The transcript shows my filing status as Single with 01 exemption. My adjusted gross income was $22,494.00 with taxable income of $8,644.00 and tax per return of $863.00. The return was processed on 04-08-2024, and the return due date or return received date shows 04-15-2024. What caught my attention is I'm seeing a 766 credit dated 04-15-2024 for -$20,130.00 and a 971 notice dated 06-05-2024 with the description "Amended tax return or claim forwarded for processing" with an amount of $0.00. The good news is I don't see the 810 freeze code anymore that was there before! My transcript shows I currently have an account balance of $19,267.00 with no accrued interest or penalties as of 07-22-2024. The transcript specifically states "Any minus sign shown below signifies a credit amount" and shows "Account balance plus accruals (this is not a payoff amount): $19,267.00" I also notice a 960 code from 06-05-2023 showing "Appointed representative" for $0.00, which I assume refers to my POWER OF ATTORNEY/TAX INFORMATION AUTHORIZATION (POA/TIA) ON FILE that's mentioned at the top of the transcript. The transcript has a tracking number of 106777325510 and shows it was requested and responded to on 10-20-2024. Does this mean my refund is finally moving forward? Been waiting since April! I'm particularly focused on the 766 credit of -$20,130.00 and that 971 code showing an amended return or claim forwarded for processing. The fact that the 810 freeze is gone seems promising, right? Just trying to understand what all these recent transcript updates mean for my refund status!

IRS Eliminated My Refund & Says I Owe $1,719.49 - Notice Coming April 11 (Reference #9024)

I was expecting a refund but just checked IRS2Go and now they're saying they made changes to my tax return that completely eliminated my expected refund and resulted in a balance due of $1,719.49 instead. The app shows they'll mail a notice explaining the changes to my tax return on April 11, 2023. Here's exactly what the IRS2Go app is showing right now: "We made changes to your tax return that changed the amount of your refund. Our changes eliminated your expected refund and resulted in a balance due of $1,719.49. You will receive a notice that explains the changes to your tax return. Your notice will be mailed on April 11, 2023." There's a section about "More details about the changes we made to your tax return" but it just says: "Detailed information concerning a change we made to your tax return is not available here. Please call and talk to one of our representatives or wait for the notice we sent you for more information." They've included reference number 9024 to mention when calling customer service. Their hours are listed as "Monday through Friday, from 7 a.m. to 7 p.m." They want me to have several things ready if I call: "If you can't pay now, and have selected a payment option, tell the representative the payment option you have selected. A copy of this page. A copy of your tax return. The notice we sent you. If you disagree with this change or the way we processed your return, please contact us." There are some links about "What to do if you can't pay your tax" and "Understanding Your IRS Notice" but I'm honestly too stressed to even click through right now. Anyone know if they'll start collecting before I even get this notice? This is really freaking me out - going from expecting a refund to suddenly owing over $1,700 is a huge shock. Has anyone dealt with this kind of sudden switch before? I'm especially worried since they're not even showing the detailed changes in the app, just telling me to call or wait for the notice.

570 then 971 code on transcript - No notice showing and IRS rep says wait

Filed end of January, verified ID in February. My transcript updated to 570 two weeks ago, then 971 last week. Called IRS about the notice and they said there isnt one and just to wait. No updates this week at all. Anyone else experiencing this or know whats going on?

How to get IRS transcript? Need help accessing my tax records