Just got my 846 code this morning! According to IRM 21.4.1.3(7), the 846 code indicates that the refund has been scheduled. Per the Direct Deposit timeline in Publication 5486, funds should be available within 1-5 business days of the DDD listed on the transcript. For those still waiting, remember that Section 6611(e) of the IRC provides for interest payments on refunds not issued within 45 days of the filing deadline (or the date filed, if later). So even with delays, you may receive interest if it goes beyond that timeframe.

I had this exact issue last year - stuck in cycle 0505 with no updates. After two weeks of checking daily, I finally got my 846 code and received the deposit three days later. This year I was in cycle 0504 and it was much faster - got my deposit within a week of the cycle date. The IRS seems to be processing certain batches faster than others this year, and unfortunately 0505 appears to be one of the slower ones.

Have you tried setting up alerts in your BoA app? You can create custom alerts for deposits over a certain amount. This way you don't have to keep checking manually. Does your Where's My Refund status show approved or still processing? Did you have any offsets or adjustments that might affect the timing?

IMPORTANT: If your DDD is 3/24 and that's a Sunday, be aware that ACH transfers don't process on weekends! Your refund will most likely appear Monday 3/25. The IRS Refund Processing Schedule indicates weekend DDDs roll to the next business day. Check your transcript for code 846 with the exact date to confirm!

According to State Tax Regulation §17-4.2(b) in most jurisdictions, tax authorities must provide written notification of any adjustment to your refund amount. For gig workers specifically, many states have implemented more stringent income verification protocols in tax year 2023/2024. For example, in California, the FTB now cross-references 1099-K forms with reported self-employment income and automatically adjusts discrepancies, often resulting in reduced refunds without requiring a formal audit process.

Did you check if there were any new tax law changes that might have affected gig workers this year? I'm curious if you received any 1099-K forms that might have reported income differently than in previous years? Also, did your state implement any new withholding requirements for gig platforms that could explain the difference?

Oh my goodness, I'm so happy for you but also worried about my own situation! I had the EXACT same experience last year where my transcript suddenly updated, but then I got a CP05 notice a week later saying they were reviewing my return! The DDD disappeared and I ended up waiting another 60 days! 😭 Just be aware that sometimes the initial transcript update can change if they decide to review your return more closely. I'm still traumatized from last year's experience and check my informed delivery every day dreading another notice!

Pro tip for anyone still waiting: Instead of obsessively checking WMR and transcripts daily (guilty as charged 🙋‍♀️), set up direct deposit alerts with your bank. That way you'll know immediately when the money hits your account, and you can save yourself from the psychological torture of watching that processing bar not move for weeks. My sanity improved dramatically once I stopped checking and just waited for my bank notification. Plus, I've noticed the WMR tool is often days behind the actual deposit anyway. "A watched pot never boils" definitely applies to tax refunds!

I was SO NERVOUS about this exact situation last month! My transcript updated on a Thursday with a DDD for the following Wednesday, and I was checking SBTPG's website literally every hour! But then SBTPG actually received my funds on Tuesday (a day early!), processed them within 3 hours, and I had my money Tuesday evening. The technical explanation is that the Treasury's Financial Management Service sometimes initiates ACH transfers early to ensure they're received by the guaranteed date. The SBTPG system shows exactly when they receive it and when they send it to your bank - just create an account with the same info from your tax return.

Most people here see funds hit SBTPG same day as the DDD on transcript, then 1-2 days for it to reach your bank. Don't count on it being faster. Budget assuming you won't have it until 2 days after your DDD. Their system is reliable but not instant. The delay is just part of choosing the fees-from-refund option.

Does the as-of date predict when you'll get your refund? Mine changed yesterday too. Still waiting on my money. Need it for rent next month.

Just to clarify what others have said - the as-of date on your transcript is primarily used for calculating interest and penalties if you owe money. When it changes during processing, it usually means your return is still being actively worked on, but doesn't necessarily indicate how close you are to getting your refund. Back in 2022, I had my as-of date change 5 times before finally getting my 846 code, and I was a bit concerned each time it happened.

Try the IRS2Go app. It's simpler. Updates overnight. Shows basic status. No transcript codes though. Just filing received, approved, or sent. Military OneSource also helps. They have tax consultants. Free for service members. Call them directly. Might save time.

You know what's funny about all this transcript code business? The IRS expects us to decipher their secret language while they can't even answer their own phones! 😂 I've been tracking my refunds for years now (military spouse, so we've filed in 4 different states). The WMR tool is basically useless compared to transcript codes. Last year it showed "still processing" for weeks after I had already received my refund! The big picture is that the IRS is dealing with millions of returns right now. Unless you see specific hold codes (570 without an 846 following it), your return is probably just in the normal queue. Military returns actually tend to process faster in my experience.

In my experience with Chime and tax refunds, they typically deposit 2-3 days before the official DDD. Last year my DDD was a Thursday and I got it on Tuesday afternoon. The year before that was similar timing. It seems to depend on exactly when the IRS releases the funds and how quickly Chime processes them. Have you had any other deposits with Chime before?

The O505 code specifically indicates "Refund issued" in the IRS master file system, which means the transfer to your financial institution has been initiated! When I got this code with Chime last year, my deposit appeared approximately 48 hours later. The IRS uses the Automated Clearing House (ACH) network which typically processes in 1-2 business days, and then Chime's early payday feature often releases funds as soon as they receive the ACH notification rather than waiting for the official settlement date. I'm surprised more banks don't offer this feature!

I had exactly this situation on March 12, 2023. All codes present except 846, with a hold status. Thought it would resolve quickly. Ended up waiting until May 27th before getting my refund. The IRS never sent any explanation, and when I finally reached someone on June 3rd, they said it had been a random verification hold related to education credits. The agent admitted they were overwhelmed with verification cases and many were sitting untouched for weeks. Don't count on this resolving soon without intervention.

I just went through this exact scenario last month. Had all codes but 846, with a hold status for 6 weeks. Called the IRS, got through after multiple attempts, and found out it was stuck in education credit verification. Asked for a taxpayer advocate referral due to financial hardship (needed money for tuition). Got my 846 code 3 days later and refund the following week. Don't just wait - be proactive and specifically request hardship consideration if you need the funds urgently.

Be careful about checking your transcript too frequently! The IRS system has been known to flag accounts with excessive login attempts as potential fraud concerns. This can sometimes trigger additional security measures that further delay processing. I recommend checking no more than once every 3-4 days. Step 1: Set calendar reminders instead of checking daily. Step 2: Make sure your contact information is up to date in case they need to reach you. Step 3: If you reach day 60 with no updates, that's when you should consider contacting them directly.

Your return is likely in the Business Master File (BMF) processing queue, which operates on a different timeline than individual returns. The 45-day mark is actually within normal parameters for Schedule C processing during peak season. The absence of transcript updates indicates pre-processing status rather than an issue with your return. Most business returns filed in Q1 are experiencing similar timeframes.