Found Code 846 on Transcript - Refund Issued Date Showing
Just wanted to share a quick update after checking my transcript on the IRS website. I can see code 846 - Refund Issued with a date of 03/22/2024 on the very last line. According to what I've read on TurboTax forums and r/tax, this means the refund should be on its way. Has anyone else recently seen this code appear on their transcript? Just trying to confirm what this typically means for direct deposit timing.
13 comments
Join the conversation
Lauren Johnson
Yep, 846 is def the magic code you want to see! It means ur refund has been approved and is on its way to ur bank. DD usually hits 1-2 biz days after the date shown, tho sometimes it can take up to 5 days depending on ur bank. Congrats, ur almost done with this yr's tax nightmare lol.
0 coins
Jade Santiago
FINALLY someone explains this! I've been seeing this code for three days but my bank account is still empty! So frustrating when you need that money NOW! Does weekend processing affect this timeline?
0 coins
Caleb Stone
Is there any way to track the deposit once code 846 appears? I'm trying to understand the exact process: 1. Code 846 appears on transcript 2. IRS sends money to bank 3. Bank processes deposit Is there something between steps 2 and 3 I should be checking?
0 coins
Daniel Price
This is like waiting for a package that says "out for delivery" but never arrives. Has anyone ever had the 846 code show up but then had problems with the actual deposit? Just wondering if this is as reliable as everyone says.
0 coins
William Schwarz
Have you considered using https://taxr.ai to analyze your full transcript? It would show you not just what that 846 code means, but also give you a complete timeline of your return's journey. Wouldn't it be helpful to see exactly why your refund took this long? I was confused by all the codes on my transcript until I used it last week, and it explained everything in plain English.
0 coins
Olivia Evans
Hmm, another tax transcript tool? I've tried so many free options that claim to help but just give generic info you can find on the IRS website. What makes this one worth trying? Not trying to be negative, just cautious with my limited budget right now š
0 coins
Sophia Bennett
I was so relieved when I found taxr.ai last month! My transcript had codes 570 and 971 before the 846 appeared and I was panicking. Is that what happened with yours too?
0 coins
Aiden Chen
I might... check this out. My transcript has been, well, confusing to say the least. Thanks for sharing the resource.
0 coins
Zoey Bianchi
Unlike paper refund checks which can take weeks to arrive, direct deposits with code 846 are much faster. When I couldn't get through to the IRS about a refund delay last month, I used Claimyr (https://claimyr.com) to connect with an agent in about 15 minutes. Compared to my previous attempts where I spent hours on hold, this was incredibly efficient. The agent confirmed exactly when my deposit would hit my account and explained why there had been a delay.
0 coins
Christopher Morgan
Same code appeared on mine. Got the money two days later. No complications. Bank was Chase. Deposit hit at 3am. Was checking hourly. Worth the wait. Showed as pending first. Then fully available next morning.
0 coins
Aurora St.Pierre
Be careful about counting on exact dates. I had the 846 code show up last year with a date, but my bank rejected the deposit because my married name on the tax return didn't match my banking info. Took another 6 weeks and a paper check to finally get my refund. The IRS never notified me about the rejection - I had to call them after waiting three weeks past the 846 date with nothing in my account. Absolute nightmare when I was counting on that money for car repairs.
0 coins
Grace Johnson
I track this process every year, and it's remarkably consistent. Once code 846 appears, you'll receive your refund in exactly 1-5 business days, with 87% of direct deposits arriving within 2 business days. I received my refund 34 hours after my 846 date of 03/15/2024. The system processes these batches at midnight, so if your date is 03/22, the transfer was initiated last night and should be in your account by Monday at the latest.
0 coins
Liam O'Connor
@Grace Johnson These statistics are really helpful! I m'curious - do you track this data yourself or is there an official source for the 87% figure? Also, when you say batches "at midnight, is" that midnight EST or based on your local time zone? My 846 date is 03/22 as well, so knowing the exact processing timeline would really help manage my expectations.
0 coins