Filed 2/23 with Child Tax Credit - Transcript Shows Deposit Date in the Past?
I filed my taxes on 2/23 through Credit Karma, and it was accepted the same day. It's like watching water boil when you're waiting for that refund check! My transcript finally updated today, but I'm more confused than a cat in a dog show. It's showing a deposit date of 2/22 for my Child Tax Credit refund. That's like saying I'll get paid yesterday! Has anyone else seen this time-travel scenario? I'm retired and counting on this money like a farmer counts on rain during a drought. Is this some kind of glitch? Will I actually get my money soon or is this another government maze I need to navigate? I've checked my bank account more times today than I've taken my blood pressure medicine!
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Katherine Shultz
This appears to be a date entry error in the IRS system. Have you received any updates from your bank regarding a pending deposit? Sometimes the transcript date doesn't align with the actual processing date. When you say the transcript updated today, what cycle code is showing? That would give us more insight into when the actual deposit might occur.
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Marcus Marsh
ā¢I had the exact same issue last year with my transcript showing a deposit date that had already passed. The funds actually showed up in my account 3 business days after the transcript updated, despite the weird date. The IRS systems sometimes have these quirks where the dates get misaligned during heavy processing periods.
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Hailey O'Leary
ā¢Thank goodness I found this thread! I was just about to call the IRS for the third time this week about the same issue. My transcript is showing a date from last week but nothing in my account yet. At least I know I'm not alone in this weird tax time warp! š
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Cedric Chung
ā¢I'm seeing this too and need this money yesterday! My transcript updated with a deposit date of 3/1 but today's already 3/5. Called my bank twice and they don't see anything pending. Every day matters when you've got bills stacking up like pancakes at a breakfast buffet.
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Talia Klein
I'm trying to understand the full picture here: ā¢ Did you receive any 846 code on your transcript? ā¢ Is the 2/22 date showing on an 846 refund issued line? ā¢ Are there any other codes like 570 or 971 showing? ā¢ Did you claim any other credits besides the Child Tax Credit? These details would help clarify what might be happening with your refund timeline.
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Maxwell St. Laurent
ā¢I'm wondering about this too. It seems like there might be some pattern to these date discrepancies? Perhaps it has something to do with the processing center or maybe specific tax credits trigger different handling procedures?
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PaulineW
ā¢Oh my gosh, I never realized how complicated tax transcripts could be! All these codes and dates - it's like learning a whole new language! I've been filing for 20 years and still get confused every time I look at my transcript. šµ
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Annabel Kimball
I've been through this exact frustration before. When you see a deposit date that's already passed, here's what's likely happening: Step 1: Your return finished processing and was approved Step 2: The system assigned a deposit date (in this case 2/22) Step 3: Due to high volume, the actual deposit is delayed The most frustrating part is trying to get answers from the IRS. I spent THREE DAYS trying to reach someone, constantly redialing and getting disconnected. Finally used Claimyr (https://claimyr.com) to get through to an agent in about 15 minutes. The agent confirmed my refund was approved but delayed in the disbursement queue. Got my deposit two days later. Saved me days of frustration and uncertainty.
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Chris Elmeda
ā¢I've seen this service mentioned before. According to the IRS website (https://www.irs.gov/help/telephone-assistance), they're currently experiencing higher than normal call volumes. Has anyone verified if this service actually works consistently? I'm curious if it's worth the cost versus just waiting on hold.
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Jean Claude
ā¢Does this service actually get you through to a real IRS agent? I've tried calling exactly 7 times this week, spent 43 minutes on hold the longest time before getting disconnected. Hard to believe anything can crack that system when the IRS has 4,123,000 returns still in backlog.
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Charity Cohan
According to IRS Publication 1345 (Rev. 1-2023), the direct deposit date on your transcript is the date the IRS releases the funds to your financial institution, not necessarily when you'll receive them. Section 5.4 of the IRM (Internal Revenue Manual) states that financial institutions may take 1-5 additional business days to post funds to accounts. Since your transcript shows a date of 2/22 but was just updated today, this suggests a processing anomaly where the system backdated the release. You should expect the funds within 5 business days from today, not from the listed date.
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Josef Tearle
I'm not entirely sure, but... have you checked if your bank might have rejected the deposit? Sometimes when dates don't match up like this, it could possibly indicate that there was an attempt to deposit that didn't go through. Maybe double-check that the account and routing numbers on your return are correct?
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Shelby Bauman
I'm seeing a pattern with Child Tax Credit processing this year. Your transcript showing a Designated Disbursement Date (DDD) of 2/22 with a current-day transcript update indicates you're in Processing Cycle 202409. The Master File update likely occurred overnight in the Martinsburg Computing Center, but the Treasury Offset Program verification is still pending. This explains the retroactive date - you're seeing the intended deposit date rather than the actual one. Expect funds within 48-72 hours.
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Quinn Herbert
This happened to me last week. Filed 2/20, transcript updated 3/1 showing deposit date of 2/28. Got my money on 3/4. Don't worry - the money is coming. The system is just overloaded and the dates get messed up. Your return is approved and that's what matters!
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