Code 846 on Transcript with Date - Is This My Refund Date?

Yes, TC 846 with a date is your Direct Deposit Date (DDD) per IRM 21.4.1.3.7. The date shown is when the refund will be released to your financial institution. Per Reg. 301.6402-2, the funds should post to your account on that date or within 1-2 business days depending on your bank's processing time. If you filed with direct deposit instructions, the money should arrive on the date shown or very shortly after. If you're seeing this code now, you're in the final stage of processing.

I would suggest verifying that the 846 code doesn't have any subsequent reversal codes... Sometimes the system will show an 846 but then add a TC 841 (refund cancelled) or a TC 971 (action pending). It's rare, but it happens. I'd also recommend checking that your bank account details on the return are correct, as incorrect routing numbers can cause delays.

I went through EXACTLY this last month. Had an 846 code with a date of 3/22/24. My refund was actually deposited at 12:01am on that exact date. But here's what drove me crazy - I have Bank of America and they showed it as "pending" until the next business day! So technically I could see it, but couldn't use it for another day. Different banks handle these deposits differently. Some make funds available immediately, others hold them until the exact date, and some even hold them an extra day. So frustrating when you're counting on that money!

Code 846 with a date of April 26, 2024 (for example) means your refund is scheduled to be released on April 26th. However, if you're having trouble getting clear information or if your refund doesn't arrive by April 29th, calling the IRS directly is your best option. I tried calling their regular number on March 15th, March 16th, and March 17th with no success - wait times exceeded 2 hours each time. I used Claimyr (https://www.claimyr.com) and got connected to an agent in about 30 minutes who confirmed my exact deposit date and explained why my bank was showing a pending status. Saved me days of uncertainty when I needed to know exactly when funds would clear.

While everyone's focusing on the 846 code, don't forget to check your online IRS account at https://www.irs.gov/payments/your-online-account too. Sometimes the account shows more updated information than what's on the transcript. The Where's My Refund tool also updates overnight, so checking both resources gives you the most complete picture. I've found that the online account sometimes shows pending adjustments that haven't yet appeared on the transcript.

Here's a step-by-step way to confirm your refund status: 1. First, verify the 846 code date on your transcript 2. Check that no subsequent transaction codes appear after the 846 3. Confirm your bank account information is correct on your return 4. Understand that the date shown is when the IRS releases the payment, not necessarily when your bank makes it available 5. If the date passes without a deposit, allow 1-2 business days for bank processing 6. If still not received after that window, contact your bank to check for rejected deposits 7. As a last resort, contact the IRS directly if steps 1-6 don't resolve the issue This methodical approach helps eliminate the most common issues.

OMG I was in this exact situation last week! Got my 846 code w/ date of 4/17 and was freaking out bc I needed $ for car repairs asap. The DDD was 100% accurate for me - money showed up right on time! My credit union even made it avail a day early. Such a relief after waiting foreverrr. Hang in there, that 846 date is legit!

Have you considered checking with your bank directly? Many banks have specific policies for government deposits that differ from regular direct deposits. Some even have special departments that handle tax refunds. It's like expecting a package delivery but not checking if someone needs to sign for it! 😂 Your bank might be able to tell you exactly when they'll post the funds once received from the IRS.

Be careful. Got 846 code. Date came. No money. Called IRS. Deposit sent to old closed account. Bank rejected it. Had to wait 6 more weeks for paper check. Verify your account info is correct. Don't assume.