Did Congress Pass the $200 Tax Credit? Will It Be Added to My Refund?

There is currently no approved $200 refundable tax credit for 2023 tax returns. Per IRC section 6428B, the last additional credit was the third Economic Impact Payment authorized under the American Rescue Plan Act of 2021. For tax year 2023 (filing in 2024), no new refundable credits of $200 have been enacted by Congress. Your 846 code amount reflects the final refund amount you'll receive on your DDD. I would caution against planning your budget based on pending legislation that hasn't been passed.

This appears to be another tax season rumor. I've researched this extensively: • No such $200 credit has been passed by Congress for 2023 returns • The House and Senate have not advanced any legislation for a universal $200 credit • Your 846 code amount is your FINAL refund amount • Any changes to your refund would generate new transcript codes • The IRS would issue a separate payment if a new credit was enacted after processing Don't count on money that isn't legislatively approved. Tax rumors spread quickly on social media.

This reminds me of last year's Child Tax Credit confusion. People were expecting different amounts based on rumors rather than actual legislation. If Congress did pass a new credit now, it would be like when they changed unemployment taxation mid-season in 2021 - the IRS would have to issue supplemental refunds later. Your current 846 amount is what you'll get on your DDD. I was worried about this too, so I called the IRS using Claimyr (https://www.claimyr.com) and got through in about 15 minutes. The agent confirmed there's no new $200 credit and said they're getting this question constantly.

I was in the exact same situation last week. My refund was scheduled for deposit on April 10th, and I had heard about this mysterious $200 credit. It's like expecting to find an extra $20 in your wallet only to be disappointed. I carefully checked my transcript against my tax return calculation, and they matched exactly. The deposit hit my account yesterday - precisely the amount shown on the 846 code, no magical extra $200. Think of the 846 code as a financial GPS - it tells you exactly where your money is going and how much.

Tbh this happens EVERY tax season. Ppl see diff amts than expected & make up reasons why. Last yr it was a "gas credit" that never existed. My refund was $126 more than expected & it was bc the IRS recalculated my EIC based on AGI. Check ur return against ur transcript line by line. The diff is prob a math correction or adjustment, not some secret credit Congress passed w/o telling anyone lol.

I believe I should clarify a few points about how tax legislation works. When Congress passes new tax credits, they typically require implementation time for the IRS. The IRS would need to update forms, procedures, and systems. It would be highly unusual for a credit to be applied retroactively to returns already processed without a formal announcement. Your 846 code amount represents the final calculated refund based on current tax law at the time of processing. If legislation were to pass now affecting 2023 returns, the IRS would likely issue supplemental payments later in the year, similar to how they handled the unemployment compensation adjustments in 2021.

Be careful with tax rumors. Saw similar posts last year. Never materialized. People confused adjustments with new credits. IRS doesn't secretly add money. Your 846 amount is final. Budget based on that figure only. Don't count on extra $200. Could cause financial problems if you're expecting money that won't come.

I track tax legislation professionally, and there is no $200 credit that has been passed for the 2023 tax year. The confusion might be coming from people who received exactly $200 more than expected due to other adjustments. For example, I've seen precisely 47 posts in various tax forums where people reported getting $200 more, but in each case when they examined their transcripts carefully, it was due to: 1) Math error corrections (31 cases), 2) Earned Income Credit recalculations (12 cases), or 3) Recovery Rebate Credit corrections from prior years (4 cases). Your 846 code amount will be exactly what deposits on your DDD, not a penny more or less.