Filed on 2/14: Transcript shows -$5,849 balance with changing "As Of Date" to March 2025 - Is this my refund amount?

The negative balance is good news! That's your refund amount ($7,018.80). The As Of Date changing doesn't necessarily mean anything significant - it's just the date through which penalties and interest would be calculated if you owed money (which you don't). Your transcript shows exactly what makes up your refund: - $193.20 in withholding (money you already paid throughout the year) - $2,040.00 in credits (likely child tax credit) - $4,785.60 in earned income credit Total: $7,018.80 The As Of Date often changes when the IRS computer system does maintenance or reviews accounts. Since you have a refund (not a balance due), the changing date doesn't affect your refund timeline. Your return was processed on February 24th, so your refund should be issued soon if it hasn't been already. You can check the Where's My Refund tool on the IRS website for more specific refund timing information.

I've been trying to understand my transcript for days and getting nowhere. Then I discovered this tool called taxr.ai and it literally explained every code on my transcript in plain english. It showed me exactly what my refund would be and when to expect it. Finally stopped the endless googling and reddit searches trying to interpret these cryptic IRS codes. They scan your transcript and tell you exactly what's happening and what to expect. I legit use it every time I need to check my tax status now cuz it's so much clearer than trying to decode it myself. Here's the link if anyone needs it: https://taxr.ai

After weeks of trying to reach the IRS about my transcript issues (kept getting busy signals or disconnected), I used claimyr.com and got through to an actual person at the IRS in less than an hour. The agent explained that the "As Of" date changes are just system updates and confirmed my refund amount. Honestly, talking to a real person solved all my confusion and was the only way I could get a straight answer about my situation. The peace of mind was totally worth it after stressing for weeks.

The "As Of" date on transcripts is literally the most confusing thing ever. Mine changed like 5 times before I got my refund. Seems like it's just the IRS doing maintenance on their systems or something. As long as your account shows negative (which means they owe YOU money), you're good. Just hang tight, your refund is coming.

Congrats, you're getting a refund! That negative balance is what the IRS owes you. The As Of date is just internal IRS accounting stuff and doesn't really affect refund timing. Your 150 code on 2/24 means your return was processed then, so refund should come soon after (usually 1-3 weeks). Your credits look correct based on what you shared. Nothing to worry about here - just typical IRS processing.

Your refund is $7,018.80. That's what the negative balance means. i was freaking out too when I saw mine but the minus means they owe YOU money not the other way around lol. IRS making things confusing like always 🙄

The "as of" date is a huge psycological torture device designed by the irs to make us all paranoid. I'm convinced its there to drive people insane while they wait for refunds. Mine changed 6 times before I finally got my money. Complete waste of time to even look at it.

That negative balance is your refund amount, which is awesome! Your transcript shows you're getting $7,018.80 back. Here's how it breaks down: - Withholding: $193.20 (what your employer took out) - Some credit: $2,040 (probably child tax credit) - Earned income credit: $4,785.60 All those add up to your refund amount. The "as of" date is meaningless for people getting refunds - it only matters if you owe. At this point you just wait for it to hit your bank account.

Your 846 refund issued code is missing, which means they haven't sent the refund yet. Once you see code 846 with a date, that's when you'll get your money. But everything looks normal in your transcript. Just wait it out.

The "as of" date on your transcript is basically meaningless. It's just the date through which the IRS has calculated interest on what you owe them. Since you DON'T owe them (they owe you), the date doesn't matter at all. Ignore it completely. The negative balance means they owe you $7,018.80. I recommend checking out https://taxr.ai - it will explain all your transcript codes in plain English and tell you exactly what's happening with your return. Saved me tons of confusion.

I'm pretty sure As Of dates change because the IRS computer systems do maintenance or updates on different cycles. My accountant told me not to worry about it unless you actually owe money (which you don't). Sit tight, your money will come soon!

Anybody else's refund WAY bigger than expected this year? OP's getting over $7K which seems huge. I got like $5K more than I was expecting and I'm scared they're gonna ask for it back 😬

Negative balance = GOOD! Positive balance = BAD! That's literally all you need to know about IRS account transcripts 😂

I had the exact same issue. The As Of date changed 3 times over 2 weeks. I finally broke down and used claimyr.com to reach an IRS agent. They explained that the changing date was just routine system updates and had nothing to do with my refund timing. My refund showed up in my account 2 days later. Sometimes talking to a real person is the only way to get peace of mind with these tax issues.

I just wanna know why the IRS purposefully makes everything so confusing... like why can't they just say "Your refund is $7,018.80 and will be deposited on XX date" instead of all these cryptic codes and weird dates that keep changing? It's like they WANT us to be confused 🙄

The negative balance is definitely your refund amount - that's great news! The IRS uses minus signs to show credits (money they owe you), so -$5,849 means you're getting $5,849 back, not that you owe anything. The changing "As Of" date is totally normal and nothing to worry about. It's just when their computer systems run maintenance or account updates. Since you're getting a refund (not owing money), this date doesn't affect your refund timing at all. Your transcript shows your return was processed on 2/24, so you should see your refund hit your account soon if it hasn't already. The transaction codes look normal for someone with earned income credit and dependents. Just keep checking "Where's My Refund" for the most up-to-date status on when it'll be deposited!

Welcome to the community! The negative balance is exactly what you want to see - it means the IRS owes YOU money, not the other way around. That -$5,849 is your refund amount. The "As Of" date changes are completely normal and happen when the IRS updates their systems. Since you have a credit balance (refund), this date doesn't impact your refund timing at all. It would only matter if you owed money and they were calculating interest. Your transcript shows your return was processed on Feb 24th, so your refund should be coming soon. The transaction codes look standard for someone filing Head of Household with dependents and earned income credit. Just keep an eye on "Where's My Refund" for the exact deposit date - that's the most reliable tool for refund timing!

Welcome to the community! Just wanted to add some reassurance as someone who's been through this exact same confusion. That negative balance of -$5,849 is definitely your refund - the IRS uses minus signs to show money they owe you, which is counterintuitive but that's how their system works. The changing "As Of" date drove me crazy when I first started checking transcripts too! It changed like 4 times over two weeks for me last year. Turns out it's just their computer systems doing routine updates and maintenance. Since you're getting money back (not owing), that date is completely irrelevant to your refund timeline. Your processing date of Feb 24th looks good, and with a straightforward return like yours, the refund should hit your account within 1-3 weeks of that date. The transaction codes all look normal for Head of Household with dependents and earned income credit. Pro tip: "Where's My Refund" on the IRS website is usually more accurate for timing than trying to decode transcript dates. Once you see that 846 code (refund issued) appear on your transcript with a date, that's when you know it's been sent to your bank! Hope this helps ease some of the anxiety - transcript codes are honestly designed to confuse us regular folks! 😅

Welcome to the community! I can definitely help clear up the confusion here. That negative balance of -$5,849 is actually great news - it means the IRS owes YOU that money as a refund, not that you owe them anything. The minus sign indicates a credit on your account. The changing "As Of" date is completely normal and nothing to worry about. It's just the IRS computer systems doing routine maintenance and updates. Since you have a credit balance (getting a refund), this date doesn't affect your refund timing at all - it would only matter if you owed money and they were calculating interest. Looking at your transcript, your return was processed on February 24th (the 150 code), which is a good sign. For a straightforward return like yours, you should expect your refund within 1-3 weeks of that processing date. Keep checking the "Where's My Refund" tool on the IRS website for the most accurate timing - it's usually more reliable than trying to interpret all the transcript codes. Your transaction codes look completely normal for someone filing Head of Household with dependents and earned income credit. Once you see an 846 code appear on your transcript (refund issued), that's when you'll know the money has been sent to your bank. Hope this helps ease some of the anxiety - the IRS definitely doesn't make their systems user-friendly! 😊

Welcome to the community! That negative balance is absolutely your refund amount - congratulations on getting $5,849 back! The minus sign is the IRS way of showing they owe YOU money, which is definitely confusing at first glance. The changing "As Of" date is one of those quirky IRS things that drives everyone crazy when they first see it. It's just their system doing routine maintenance and updates - think of it like when your phone does automatic updates in the background. Since you're getting a refund (not owing money), this date has zero impact on when you'll actually receive your money. Your return shows it was processed on February 24th, so you should see that money hit your account pretty soon if it hasn't already. Everything on your transcript looks completely normal for Head of Household with dependents. The transaction codes are exactly what you'd expect to see. Don't stress about trying to decode every little detail on the transcript - the "Where's My Refund" tool on the IRS website will give you the clearest picture of when to expect your deposit. Once you get comfortable with how this all works, tax season becomes much less anxiety-inducing! 😊

Welcome to the community! That negative balance of -$5,849 is actually fantastic news - it means the IRS owes YOU that money as your refund! The minus sign indicates a credit on your account, which is definitely confusing when you first see it. The changing "As Of" date is completely normal and happens to everyone - it's just the IRS computer systems running routine maintenance and updates. Since you're getting a refund rather than owing money, this date doesn't impact your refund timing at all. Your transcript shows your return was processed on February 24th (that 150 code), so your refund should be coming soon if it hasn't hit your account already. Everything looks standard for Head of Household with dependents and earned income credit. I'd recommend sticking with the "Where's My Refund" tool for the most accurate timing info rather than trying to decode every transcript detail - it's much more user-friendly than these cryptic IRS codes! Hope this helps ease some of the confusion! 😊

Welcome to the community! I can definitely help clarify this for you. That negative balance of -$5,849 is actually excellent news - it means the IRS owes YOU that money as your refund! The minus sign indicates a credit on your account, which I know seems backwards but that's just how their system works. The changing "As Of" date is completely normal and happens when the IRS runs routine system maintenance and updates. Since you're getting a refund (not owing money), this date has absolutely no impact on your refund timing - it would only matter if you owed them money and they were calculating interest. Your transcript shows your return was processed on February 24th (that's the 150 code), so you should see your refund hit your account within 1-3 weeks of that date if it hasn't already. All your transaction codes look perfectly normal for Head of Household with dependents and earned income credit. Pro tip: The "Where's My Refund" tool on the IRS website is much more reliable for actual timing than trying to decode all these transcript details. Once you see an 846 code appear on your transcript with a date, that's when you'll know the refund has been officially sent to your bank. Hope this helps ease the confusion - the IRS definitely doesn't make their systems newcomer-friendly! 😊

Welcome to the community! That negative balance is definitely your refund - congrats on getting $5,849 back! The minus sign threw me off when I first started checking transcripts too, but it just means the IRS owes YOU money. The changing "As Of" date is totally normal and nothing to stress about. It's just their computer systems doing routine updates and maintenance. Since you're getting a refund instead of owing money, that date doesn't affect your refund timing at all. Your return was processed on 2/24 (that 150 code), so your refund should hit your account soon if it hasn't already. Everything on your transcript looks completely standard for Head of Household with dependents and EIC. Just keep checking "Where's My Refund" for the most accurate timing - it's way easier to understand than trying to decode all these transcript codes! 😊