Just to clarify something important - cycle code 0605 means your account updates on the weekly cycle (not daily), specifically on Thursday night/Friday morning. The exact processing time is averaging 37.2 days for simple returns and 51.8 days for returns with credits based on the latest data. Having your transcripts available with no 570/971 codes is a positive indicator that you're simply in queue for final processing.

OMG I feel your pain! 😫 I've been checking WMR and transcripts obsessively for weeks now with the same cycle code. The community wisdom here is that most of us 0605 people are getting bunched together for processing. Last year there was a huge batch of 0605 refunds that all got their 846 codes on the same Friday. Fingers crossed we're all in this week's batch! 🤞

Has anyone noticed how the IRS seems to speak an entirely different language than the rest of us? 😂 I mean, who puts dates in the future when they mean this year? Is there a section on your transcript labeled "Where's My Refund" or anything that shows processing status?

Think of your tax return like a package moving through a shipping facility. Right now, your package (return) has been accepted and the contents (EIC) have been verified, but it hasn't been loaded onto the delivery truck (refund issued) yet. The 2/24/25 date is just the IRS's quirky way of dating things - it's actually referring to the current processing year. Most EIC returns are taking about 3-4 weeks total this season, so if you've only recently filed, just give it a bit more time before worrying.

I would possibly be concerned if it's been more than 3 business days since the "funded" status appeared. In some cases, though certainly not all, there might be a verification hold at your banking institution. This sometimes happens with larger refunds, particularly those over $10,000, or if there have been any recent changes to your account. I've seen situations where the money was technically sent by SBTPG but was essentially sitting in limbo at the receiving bank pending additional verification. It might be worth checking if your bank has any pending deposits or security holds that haven't posted to your visible balance yet.

Have you tried checking your transcript on the IRS website instead of relying solely on SBTPG? Sometimes the transcript will show a direct deposit date that's more accurate than the SBTPG portal. You can access it at irs.gov/transcripts and look for code 846 which indicates the refund issue date. Another option is to call SBTPG directly at 800-901-6663 to confirm the account number they have on file matches yours exactly. Sometimes the refund gets rejected due to a mismatch and bounces back to them, starting the process over.

I filed on February 9th and was in exactly the same situation. My transcript finally updated on March 15th and I received my refund via direct deposit on March 22nd. The whole time I had nothing - no transcript, no updates, no explanation. Then suddenly everything appeared at once. Hang in there - I know it's frustrating when you're counting on that money for bills.

FWIW I filed 2/8 and was stuck in limbo until yesterday. My WMR finally updated to approved and my transcript appeared outta nowhere. No explanation for the delay, no letters, nothing. Just suddenly processed after 6wks. Refund scheduled for DD on 3/29. Seems like a bunch of early Feb returns all got held up for some reason.

OMG I've been tracking this EXACT situation for years! The IRS sends ACH files in batches throughout the day, and Capital One processes incoming ACH transfers overnight! So if your 846 date is on a Monday, there's a really good chance you'll see it Saturday morning because Capital One processes weekend batches! It's so frustrating that banks aren't more transparent about this!!!

Last year I was in the same boat waiting for my refund to buy a new laptop for classes. I ended up just calling Capital One directly and asking about their policy. The rep told me they typically release government deposits when received, which was 1 day early for me. Maybe try that? I literally called while staring at my empty account balance and the rep could see the pending deposit that I couldn't see yet!

I've been tracking cycle code patterns for the past 3 tax seasons, and here's what I've found for 0705 specifically: • The code indicates weekly processing (05 = Thursday updates) • First two digits (07) represent the IRS processing center • Most 0705 returns are seeing 21-30 day processing times this year • Check for these codes on your transcript: - 570 (temporary hold) often appears first - 971 (notice issued) may follow - 846 (refund issued) is what you're waiting for Many 0705 filers from late January are getting DDDs this week. If you filed with credits like EIC or ACTC, add about 7-10 days to the timeline. Hope this helps while you wait for those home repairs!

I believe I've noticed a pattern with the 0705 cycle code this year that might be helpful. It seems that returns with this code might be taking slightly longer than some other cycles, but they do appear to be moving through the system. Perhaps checking your transcript for any additional codes like 570 or 971 could provide more insight? In my experience, these codes sometimes indicate that the IRS might need additional time to process your return, though it doesn't necessarily mean there's a problem.

There's currently a known processing delay affecting some H&R Block refunds with DDDs between 2/22-2/26. The ACH network is experiencing higher than normal volume, and several financial institutions are reporting slower processing times. According to my contact at the bank, if your DDD is 2/24, you should expect the deposit by EOD 2/24, but possibly not before. This is time-sensitive information as of 2/23, and the situation may change rapidly as banks clear their weekend transaction backlogs.

Mine just hit my account!!! I had the same DDD of 2/24 with H&R Block and was getting so worried! I literally just checked my account after obsessively refreshing all day and it's there! I'm so relieved! I was starting to think something had gone wrong with my return. Check your accounts now - they might be processing a batch right now!

Be careful about counting on specific cycle patterns this year. My brother-in-law was 0605 last year and this year, but his experience was completely different. Last year: filed Feb 10, refund Feb 28. This year: filed Feb 8, still waiting with no updates. The IRS is like a box of chocolates this season - you never know what you're gonna get. Better to prepare for delays than count on that money immediately.

I'm a 0605 filer too, submitted on 2/19 and just got my deposit yesterday. Interestingly, my transcript updated on 4/1 with an 846 code dated 4/3. Has anyone else noticed the IRS is giving shorter windows between the 846 code appearing and the actual deposit this year? In previous years wasn't it usually 5-7 days between transcript update and deposit?

According to the IRS.gov refund status page, most H&R Block customers who filed electronically in February are receiving deposits this week. Your friend should check the Where's My Refund tool (https://www.irs.gov/refunds) which updates daily. The IRS subreddit also has a weekly refund megathread where people post their filing/deposit dates by preparer.

Tell her to call H&R Block directly. Not the local office. The main customer service line. They can see more details. Might save her some stress. Worth the 15 minutes on hold.

Filed 2/16 and my transcript just updated last night. It's like watching a package delivery - sometimes it sits at the distribution center for days, then suddenly arrives ahead of schedule. My cycle code is 20240805, with codes 150, 806, 570, and 971 all posting at once. The 570 initially worried me (like finding a check engine light on), but it cleared within hours and my 846 code appeared with a DDD of 3/20. Hang in there!

SUCCESS! I filed 2/15 and just got my transcript update today. Here's exactly what happened: 1. Filed 2/15 through TurboTax 2. WMR showed one bar for 30 days 3. Checked transcript daily - showed N/A until today 4. This morning transcript appeared with cycle code 20240805 5. Shows 846 code with DDD of 3/20 No special credits claimed, just standard deduction. So relieved to finally see movement! The military move will be much smoother now.