Code 846 on Transcript w/ 2/28 Date - Confirmed Refund?

Yes, that's exactly what it means! When your transcript shows an 846 code, haven't you essentially reached the finish line? The 846 is specifically labeled as "refund issued" and the date shown (2/28 in your case) is when the funds will be released to your financial institution. Have you checked whether your bank typically posts IRS deposits immediately or holds them for a day or two?

It probably means you'll get your refund on or around 2/28, but there are sometimes exceptions. Have you verified that you don't have any offsets or other potential issues that might delay things? It's generally a good idea to check if you have any outstanding federal or state debts that could potentially intercept your refund.

YES!!! I'm so happy to see this question because I JUST went through this exact situation! The 846 code absolutely means your refund is coming on 2/28. I was obsessively checking my transcript every day and when I finally saw that beautiful 846 code, I was beyond relieved. If you need to actually speak with someone at the IRS about your refund (I did because mine was larger than expected), I highly recommend Claimyr (https://www.claimyr.com). Saved me HOURS of hold time and got me connected to an agent who confirmed everything about my refund date. So much better than the anxiety of wondering!

I had this exact situation last year! Code 846 with a date, and the money hit my account precisely on that date. I'm always super prepared and keep a spreadsheet of all my tax filing dates, codes, and deposit times going back five years. My average time from acceptance to deposit has been 18 days, so your 19 days is right in line with normal processing. I was so grateful when I saw that 846 code because I had been checking my transcript daily (sometimes twice daily if I'm being honest!).

I'm not entirely convinced it's that simple. The IRS systems have been notoriously unreliable during peak season. While code 846 typically indicates a refund date, I've seen numerous instances in tax forums where the actual deposit occurred several days after the indicated date. The Transaction Code definitions clearly state that 846 is "Refund issued" but the Disbursement Department sometimes batches payments differently based on volume.

I've been tracking my refunds for years now (tax nerd alert! 🤓), and I can say with pretty high confidence that when you see code 846, you're golden! The date they show is when they'll send the payment, not necessarily when it hits your account. Think of it like ordering something online - the shipping date isn't always the delivery date, haha. But in my experience, most banks process IRS direct deposits within 24 hours of receiving them. I'd expect to see that money either on 2/28 or 3/1 at the latest.

Code 846 is like getting the golden ticket in Willy Wonka - you're definitely getting your refund! Last year, my transcript updated with code 846 on a Thursday with a Monday date, and just like clockwork, the money appeared in my account that Monday morning. The IRS refund process is like a conveyor belt in a factory - once your return reaches the 846 stage, it's essentially packaged and ready for shipping. Nothing is stopping it now unless there's some major system failure, which is extremely rare at this final stage.

According to the IRS.gov website and multiple tax professional forums, code 846 definitively indicates a scheduled refund. The date associated (2/28 in your case) is when the Treasury will release the funds to your financial institution. As others have mentioned, most banks process these within 1-2 business days, though some make funds available immediately. If you're interested in learning more about transcript codes, the IRS has a manual called the Transaction Codes Pocket Guide that explains each code in detail.

Got my 846 code last week. Money showed up exactly on date. No delays. Was surprised how accurate it was. Banking with Chase if that helps.