IRS Transcript Help Needed: $8,666 Tax vs $11,303 Withholding with $1,293 Credit Transfer - What's My Refund Status?

The transcript shows your 2023 tax return was processed on March 3, 2025, with a cycle code of 20250705. Your total tax liability is $8,666.00 (code 150), against which you had $11,303.00 in withholdings from your employment/income (code 806). The IRS transferred $1,293.27 of your refund (code 826) to cover a balance from a previous tax period (specifically your 2023 Form 1040 as indicated by "1040 202312"). After calculating these figures ($11,303.00 withholdings minus $8,666.00 tax liability minus $1,293.27 transfer), your expected refund should be $1,343.73. The notice issued (code 971) on March 3, 2025, likely explains the credit transfer and refund adjustment. The reference number 70211-424-51571-5 is your unique transaction identifier for the tax return filing. Your cycle code 20250705 indicates your return was processed in the 7th week of 2025, which aligns with the March 3 processing date.

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ur gonna get a notice in the mail explaining why they moved some of ur refund to another tax year. happened to me last month

that 826 code means they took some of ur refund to pay something else u owe. check if u have any back taxes or other federal debt

looks like your in the same boat as me. they offset part of the refund but ur still getting something back at least!

The IRS is such a mess these days smh. At least ur getting processed tho, I filed in January and still crickets 🦗