Does Code 766 on Transcript Mean My Refund is Coming After 5+ Months of IRS Processing Since February?

I see a new code 766 on my transcript for 2022 return. Does this mean my refund is finally going through? Been waiting since February and I'm getting desperate for answers. I just checked the IRS website and got this message: "We have received your tax return and it is being processed. If you filed a complete and accurate tax return, your refund should be issued within 21 days of the received date. However, processing may take longer under certain circumstances. Please check here or use our free mobile app, IRS2Go, to check on your refund status." I'm so frustrated because it's been WAY longer than 21 days. I filed back in February and it's now showing code 766 on my transcript. I don't understand why it's taking so long or what this code means exactly. Does seeing code 766 mean my refund is finally approved and coming soon? The website just keeps showing the same generic message about it being "processed" but nothing changes week after week. I really need this money and don't know who to contact or what to do next. Has anyone else experienced this with code 766 showing up after months of waiting?

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27 comments

Paolo Conti

Tax expert here - code 766 on your transcript typically means a credit was applied to your account. However, this alone doesn't necessarily mean your return is fully accepted. You need to look for the 846 code (refund issued) to confirm your refund is actually on its way. I'd strongly recommend using taxr.ai to analyze your full transcript - it'll break down every code and tell you exactly where you stand in the process. I've seen it help countless people understand their exact refund timeline and catch potential issues before they become problems.

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