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Yara Sayegh

Received Initial Tax Refund Despite Transcript Showing $10,384 in EIC/Credits Still Processing - Why?

I filed my taxes as Single with 4 exemptions and got a refund deposited in my account even though my transcript shows its still processing with a processing date of Feb. 24, 2025. My adjusted gross income was $19,528.00 with taxable income of $4,928.00, and my tax per return shows $0.00. Looking at my transcript more carefully, I can see: EXEMPTIONS: 04 FILING STATUS: Single ADJUSTED GROSS INCOME: $19,528.00 TAXABLE INCOME: $4,928.00 TAX PER RETURN: $0.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2025 PROCESSING DATE Feb. 24, 2025 My transcript shows the following transactions: CODE EXPLANATION OF TRANSACTION - CYCLE - DATE - AMOUNT 150 Tax return filed - 20250604 - 02-24-2025 - $0.00 14211-427-63920-5 766 Credit to your account - 04-15-2025 - -$3,554.00 768 Earned income credit - 04-16-2025 - -$8,830.00 Everyone keeps talking about the PATH act delay but I already got money deposited. Could there be more payments coming? I'm confused because I see transaction code 150 for the tax return filed with cycle 20250604 on 02-24-2025, but then I also see these two separate credit amounts (codes 766 and 768). I had no self-employment income as you can see (SE Taxable Income shows $0.00 for both taxpayer and spouse). With these specific credits showing on my transcript but money already in my account, I'm confused about what might still be processing and if I should expect additional deposits? The transcript says "This Product Contains Sensitive Taxpayer Data" at the bottom, so I'm assuming this is official information from the IRS website (sa.www4.irs.gov).

Your transcript shows you're filing as Single with 4 exemptions and have an adjusted gross income of $19,528.00, with only $4,928.00 being taxable. Your tax liability is $0.00, and you have no self-employment income reported. The key credits on your transcript are: - $2,554.00 (Code 766 - general credit) - $7,830.00 (Code 768 - earned income credit) Totaling $10,384.00 in potential refund amounts The transaction codes are significant here: - Code 150 shows your return was filed and processed on February 24, 2025 (cycle 20250604) - Both credits are dated for April 15, 2025 Since you've already received a deposit but your transcript shows future dates, you likely received a partial payment. The PATH Act requires the IRS to hold refunds that include Earned Income Credit until mid-February for verification. You may receive additional funds once this verification period ends, particularly if your initial deposit didn't include the full $10,384 in credits.

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omg thank you! so ur saying more money is coming? 🙏

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Yes, compare what you received to the total credits ($10,384). The difference should come after PATH lifts.

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Hey guys instead of playing detective with these transcripts, I've been using taxr.ai - it costs $1 but it analyzes everything and tells you exactly whats happening and when to expect payments. Saved me hours of research https://taxr.ai

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how accurate is it? seems to good to be true tbh 🤔

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Its literally never been wrong for me or anyone I know who uses it. The AI breaks down every code and gives you specific dates

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just tried it and WOW ur right! it told me exactly why my refund was delayed and when to expect it 💯

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same boat! got partial payment last week, transcript still processing 🤷‍♀️

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the IRS is such a mess this year lol. atleast ur getting something... im still waiting on my 2023 return 😤

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2023? rookie numbers... try waiting since 2022 🤡

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Did you claim any pandemic credits? Those are getting extra scrutiny rn

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nope just regular credits and EIC

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My tax person said the systems been glitching and sending partial payments early. Just wait it out

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typical irs cant even process returns correctly smh

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