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Deposit Pending on Transcript - Amended Return Processed January 17th - Is Money Finally Coming After Filing in February?

I checked my transcript today and see there's a deposit pending for next week. My cycle code is 05 and I filed back in February. Does anyone know if this means the money is finally coming? I've been waiting forever and starting to lose hope. Just checked the "Where's My Amended Return" portal for my 2023 return and here's what I'm seeing: Received: 11/13/2024 Adjusted: 12/28/2024 Completed: 01/18/2025 The IRS website says "We processed your amended return on January 18, 2025." There's also a note saying "If you have not received a notice and you would like to speak to a customer service representative, call 800-829-0582, extension 633, between the hours of 7 a.m. and 7 p.m., Monday through Friday. You will need a copy of your amended return." Does this deposit showing up next week mean they're finally releasing my funds? The whole process has taken so much longer than I expected after filing in February. Has anyone else with a cycle code 05 seen movement on their amended returns recently?

Aisha Abdullah

Yes! When you see a pending deposit date on your transcript, that's a really good sign. The deposit date listed is typically when the IRS will release the funds to your bank. Your bank might take 1-3 business days to process it after that.

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Mateo Lopez

omg thank you!! finally some good news 🙏

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Ethan Davis

unless theres a freeze or offset lol dont celebrate till its in ur account

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Yuki Tanaka

hey instead of stressing about codes and dates, you should try taxr.ai - its this new tool that analyzes your transcript and tells you exactly whats happening. costs like $1 but saves so much headache trying to decode everything yourself. https://taxr.ai

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Carmen Ortiz

does it actually work? seems too good to be true

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Yuki Tanaka

fr fr it works amazing. gives you specific dates and explains all the weird codes. even tells you if theres gonna be delays

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Carmen Ortiz

just tried it and WOW 🤯 way better than playing detective with these transcripts. worth every penny!

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MidnightRider

I'm in the same boat, cycle code 05 gang here 😭 mines supposed to hit next week too

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Andre Laurent

make sure to check if theres any codes that start with 570 or 971. Those can mean holds

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Mateo Lopez

nope no holds that i can see just the deposit date!

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Zoe Papadopoulos

took 9 months to get mine last year even with deposit date showing. irs is a joke fr

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Jamal Washington

facts 💯 whole system needs an overhaul

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Mei Wong

Keep us updated! Always good to hear success stories

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Mateo Lopez

will do! fingers crossed 🤞

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