Check the actual date listed next to your 846 code on the transcript. That date is when the IRS schedules the deposit to be sent to your bank. Then your bank might take 1-3 more days to actually post it to your account. My 0604 path return had the 846 code but the date was for NEXT week, so I was checking my account for nothing.

has anyone noticed that the 0604 path seems to be moving slower this year? i filed in January, got my 846 code last week, and my refund just hit my account today. last year i was a 0605 path and got my money 2 days after the transcript updated. is the irs just prioritizing certain paths first this year?

Here's what you actually need to know about transcripts and processing: - As Of dates are administrative markers for the IRS internal systems - They DO NOT indicate refund timing - What matters: 150 (return filed), 570 (hold), 571 (hold released), 846 (refund issued) - Early filers (Jan/Feb) typically see 2-4 week processing - Path Act claims (EIC/ACTC) won't release before Feb 15 Instead of stressing over every little change, I highly recommend using taxr.ai - it's an AI tool that reads your transcript and gives you an exact analysis of your situation, expected timeline, and any potential issues. Way more accurate than guessing. Hope this helps! 🙌

Same here! Filed 1/28 and my as of date has been 2/10/25 forever. I was panicking too but after reading everyone's comments I feel better knowing it's normal. Seems like us early filers just gotta wait it out. The waiting game is brutal though 😅

This is such a common mistake with teenage filers! I went through the exact same thing with my daughter two years ago. The good news is that it's totally fixable, though it requires some patience. From my experience, you have three realistic options: 1. **Wait for your son to file Form 1040X** - This is the "correct" way but takes 8-16 weeks to process. Your son would amend his return to indicate he can be claimed as a dependent. 2. **File your return without claiming him this year** - You'll get a smaller refund now, but you can file your own 1040X later to claim him once his amendment processes (adding even more waiting time). 3. **File for an extension** - Gives you until October to file, but delays your refund. Honestly, if you need the refund money soon, option 2 might be your best bet despite the hassle. You'll at least get some money now rather than waiting months for the full amount. One tip: Make sure your son understands the dependency rules for next year! The software questions can be confusing, but if he's still in high school and you're supporting him, you should be claiming him. Good luck!

This is such a stressful situation, but you're definitely not alone! I went through something similar with my 18-year-old last year. One thing that really helped me was getting organized with all the paperwork first. Make sure you have copies of both your son's W-2 and his filed return so you can see exactly what boxes he checked. This will help when you're explaining the situation to the IRS or filling out the amendment forms. Also, if you do decide to go the amendment route, consider having your son file the 1040X sooner rather than later. The processing time starts from when they receive it, not from when you figure out what to do. Every day you wait is another day added to that 6-16 week timeline. One more thing - make sure to keep detailed records of everything (dates you called the IRS, reference numbers, what agents told you, etc.). If there are any complications down the road, having that paper trail can be really helpful. Hang in there! It feels overwhelming now, but this will get sorted out. The IRS deals with these dependency conflicts constantly, especially during tax season when teenagers are filing for the first time.

Wait, so if I understand correctly, for MFS the Additional Medicare Tax kicks in at $125k of Medicare wages, which is basically gross income before 401k deductions? And I'm guessing health insurance premiums and HSA contributions don't reduce it either?

This is such a common misconception that trips up so many high earners! I went through the exact same confusion when I first hit the Additional Medicare Tax threshold. The key thing to remember is that Medicare tax operates completely differently from income tax. While your 401k contributions reduce your taxable income for federal and state income tax purposes, they don't touch your Medicare wages at all. It's almost like the IRS treats them as two separate calculations entirely. What really helped me understand this was looking at my W-2. Box 1 (wages for income tax) shows your income after 401k deductions, but Box 5 (Medicare wages) shows your full gross income before those deductions. The Additional Medicare Tax uses Box 5 as its starting point. So unfortunately, at $162k gross with MFS filing status, you're definitely over that $125k threshold and there's not much you can do to reduce the Medicare tax specifically. The silver lining is that your 401k contributions are still saving you money on your regular income taxes, just not on the Medicare side.

Hey! I went through the exact same thing last week and was totally panicking. My 2024 Account Transcript was completely blank for like 10 days while my Return Transcript showed everything perfectly. Finally got my first update yesterday with processing codes! The blank Account Transcript just means they haven't started actually working on your return yet - it's not broken or anything. Once they begin processing, you'll see all the codes start appearing including the 846 you're waiting for. The Return Transcript being visible is actually a good sign that everything was received properly. I know the waiting is brutal but it sounds like you're in the normal flow. Keep checking Wednesdays and Fridays since those are the main update days. You should see movement soon! 🤞

I'm in the exact same situation right now! Filed about 2 weeks ago and my 2024 Account Transcript is still completely blank while my Return Transcript shows everything. It's driving me crazy because I keep refreshing hoping to see that 846 code appear. Reading through these comments is actually really reassuring - sounds like this is totally normal during the early processing phase. I've been checking every Wednesday and Friday morning like clockwork but nothing yet. At least I know my return was received properly since the Return Transcript is there. Has anyone here had success with that taxr.ai tool that keeps getting mentioned? Might be worth trying since manually decoding these transcripts is giving me a headache. The waiting game is brutal when you really need that refund! 😅