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 🙄