Does Negative $6,726 IRS Account Balance Mean Refund Due? - MFJ with 4 Exemptions, $47,410 AGI

The negative account balance of -$6,726.00 shown on your transcript indicates a credit in your favor - meaning the IRS owes you this amount. This is supported by several key details in your transcript: Your financial snapshot shows: - AGI of $47,410.00 - Taxable income of $18,210.00 - Zero tax liability per return - No self-employment income or tax for either spouse - Married filing status with 4 exemptions What's particularly notable is that despite having taxable income of $18,210.00, your tax per return is $0.00, suggesting you likely qualified for tax credits that exceeded any tax liability. The absence of any accrued interest or penalties further confirms this is a straightforward credit balance rather than a complex tax issue. The "Account Balance Plus Accruals" matching the base account balance (-$6,726.00) indicates this amount is current and not accumulating additional interest or adjustments. If this balance resulted from a refundable tax credit or overpayment, you should be eligible to receive these funds from the IRS.

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in the same boat! mine shows -8k but its been sitting there for 3 months with no movement 😤

the IRS is such a mess this year smh. Your probably gonna be waiting a while unless theres some hold you dont know about

Call the tax advocate service! They helped me get my negative balance sorted out in like 2 weeks

did you check if you have any freezes or holds? sometimes they dont show up obvious on the transcript but theyre there