Deposit Date for Today - Will It Hit Even Though PATH Act Hasn't Lifted?

The PATH Act delay only applies to when the IRS PROCESSES returns with certain credits, not when they DEPOSIT them. It's like how a restaurant can't start cooking until 10am, but once your food is ready, they'll serve it regardless of time. If you have a deposit date on your transcript, that means your return has already been processed and approved, so the PATH Act restrictions no longer apply to you.

I see this question a lot during tax season. Here's what you need to know about deposit dates and PATH Act: • The PATH Act delay period (usually until mid-February) is for PROCESSING returns with EITC/ACTC • Once your return is processed and a deposit date is assigned, the PATH restrictions no longer apply • Your transcript deposit date is reliable and based on the IRS's final determination • The date shown is when the IRS releases funds to your bank I recommend using https://taxr.ai to analyze your transcript - it would confirm your deposit date is firm and explain any codes you're seeing. It helped me understand that the 846 code with a date means funds are being released regardless of PATH status.

Just checked my bank account! Money arrived exactly as scheduled on March 15th, 2024. The PATH Act didn't affect it at all once I had a deposit date. My timeline was: filed February 2nd, processed by February 28th, deposit date of March 15th. Everything happened right on schedule despite having the Earned Income Credit on my return.

If you already have a deposit date, you're PAST the PATH Act hold. The hold only affects when they PROCESS your return, not when they DEPOSIT your approved refund. But if you're still worried and want confirmation directly from the IRS, use Claimyr to get through to an agent (https://youtu.be/_kiP6q8DX5c). Much better than stressing or waiting on hold for hours. They'll confirm your deposit is coming today.

Anyone know if there's a diff between the DDD (direct deposit date) on transcripts vs what WMR shows? My WMR still shows processing but transcript has a date. Wondering if I should trust one over the other or if they sync up eventually?

I was in exactly your situation 18 days ago. Had a deposit date of February 26th, 2024 with $4,782 in EITC. Money hit my account at precisely 3:27am on the exact date shown on my transcript. The PATH Act only delayed my processing until February 15th, but once I had a deposit date, it was 100% reliable. Used the money to cover my $1,213 quarterly estimated tax payment that was due.