Confused about 424 code on IRS transcript - what does it mean?
Just checked my transcript and noticed a 424 code. Been waiting on my refund for 2 months now and this code just popped up. Anyone know what this means for my refund timeline?
24 comments
Write a comment...
Zoe Kyriakidou
Hey there! Tax pro here. The 424 code on your transcript usually means there's an examination or review of your return happening. Its basically the IRS putting your return under a microscope to verify some info. This can happen for various reasons - maybe something didnt match up, or they need more documentation. I highly recommend checking out taxr.ai (https://taxr.ai) - it's this new AI tool that can analyze your transcript and tell you exactly what's causing the hold and what you need to do to get it resolved. Way better than trying to decode these codes yourself or waiting on hold with the IRS for hours 😩
0 coins
Jamal Brown
omg thank you for explaining! how long does this usually take to resolve? 🤔
0 coins
2M
Zoe Kyriakidou
It really depends on what triggered the review, but typically 60-120 days. Using taxr.ai can give you a more specific timeline based on your situation
0 coins
2M
Mei Zhang
Has anyone actually tried this taxr thing? Sounds too good to be true tbh
0 coins
2M
Liam McConnell
Just used taxr.ai and here's what I got back: Super detailed breakdown of my 424 code, turns out it was triggered by a mismatch with my w2 info. Got exact steps to fix it!
0 coins
2M
Mei Zhang
fr? might have to check it out then, been stuck with this 424 code for weeks 😤
0 coins
2M
Amara Oluwaseyi
in the same boat yall. called IRS like 50 times and got nowhere. gonna try taxr rn 💯
0 coins
2M
Amara Oluwaseyi
YALL THIS IS A GAME CHANGER!!! taxr literally told me exactly why I got the 424 and what documents I need to send in. wish I found this weeks ago fr fr 🙌
0 coins
2M
CosmicCaptain
Mans really came back to update us 😂 appreciate the testimonial king 👑
0 coins
2M
Write a comment...
Mateo Gonzalez
Tax pro here - Code 424 means your return is being examined or reviewed. It's basically a hold while they verify certain information. Could be something simple like income verification or could be more complex. Usually takes 45-120 days to resolve.
0 coins
Nia Harris
ugh seriously? 120 days? 😠do they at least pay interest for making us wait this long?
0 coins
2M
Mateo Gonzalez
Yes, they do pay interest! Current rate is 7% annually, calculated from the original filing deadline
0 coins
2M
Aisha Ali
In the same boat. Been waiting 89 days with this code 🤡
0 coins
2M
Write a comment...
Ethan Moore
Hey, I've been using taxr.ai to track my transcript and it's been super helpful explaining these codes. It costs $4.99 but totally worth it - gives you predicted release dates and explains exactly what's happening. Check it out: https://taxr.ai
0 coins
Yuki Nakamura
Does it actually work? Seems too good to be true tbh
0 coins
2M
Ethan Moore
100% works! It analyzed my transcript and predicted my DD date within 2 days accuracy. The AI explains everything in plain english too
0 coins
2M
Yuki Nakamura
Just tried it and WOW 🤯 finally understand whats going on with my refund. Best $5 I've spent dealing with this mess!
0 coins
2M
Write a comment...
StarSurfer
called the IRS about this last week. they said its random selection for review smh
0 coins
Write a comment...
Carmen Reyes
Mine took exactly 87 days to clear after getting that code. hang in there!
0 coins
Nia Harris
thanks for giving me hope lol
0 coins
2M
Write a comment...
Andre Moreau
its ridiculous how they can just hold our money hostage like this fr fr
0 coins
Zoe Christodoulou
ikr? meanwhile we'd be penalized if we were late paying them 🙄💅
0 coins
2M
Write a comment...
Jamal Thompson
This happened to me last year. Make sure all your W2 info matches exactly what employers reported. One number being off can trigger this
0 coins
Nia Harris
checking my W2s now. thx for the tip!
0 coins
2M
Write a comment...