Hello,  My transcripts show code 766 with a negative amount and date of 4/15/2022? My initial refund was also reduced by a few thousand due to an error on my form 8812? Anyone have any knowledge?

in the same boat here friend 😩 lost like 3k on my ctc calculation. taxr.ai actually helped me understand exactly wat happened

whats taxr.ai? can it actually help figure out wen ill get my $$$?

yep! it analyzes all your tax docs and gives you a detailed breakdown of your refund status, including expected deposit dates and any hold-ups 💯

just tried it and wow... way better than calling the irs and waiting 4 hours on hold 🤣 it explained everything about my 766 code and even showed me why my refund got adjusted. thx for the rec!

okay fam, i paid for taxr.ai and this is what I got back: Refund Status: Adjusted Original Amount: $5,432 Adjusted Amount: $2,891 Reason: Form 8812 calculation error Expected Deposit: Within 7-10 business days Actually worth every penny fr fr 💅

ngl was skeptical but this actually works? might have to check it out myself 🤔

Here at the bottom

Here’s both pages if it makes it easier for someone to kindly explain what this all means again as my refund was reduced a few thousand due to an error on form 8812

Hi 766 with negative means a credit. In accounting, negative means a credit (money you get it) and other codes + means money taken out by irs. 4/15 date doesn’t mean anything. It’s just a tax due date. I see you already received your refund on 3/16/22.

Thank you Katie, should I reach out to IRS being I haven’t received the remainder of my Child credit due to an error my Tax personnel made when filing?

You’re so welcome.  I can see a full page you posted. Code 150 shows $4,179 which IRS taken out for your past and this year tax due and it could be also other debts you owed. 806 negative shows a credit you get from your withholding income tax 766 negative is a credit. Either child tax credit or stimulus payment mostly or other you claimed. If you have a question about reduced refund, you need to call tax offset, 800-304-3107. If you want to speak with IRS agent, It’s still busy line to get through so use Claimyr to get through. $5 discount link for first time call https://join.claimyr.com/49a083 and choose IRS. IRS Monday thru Fri will be open 7 am to 7 pm

Are you able to tell me what the codes 570 and 572 mean and the dates that are displayed?

570 means a freeze code has been placed on the account that holds the refund from being issued and I saw there was 571 on your transcript says it’s resolved. Adjusted.

To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I

Hi Angela. 766 is mostly about child tax credit claimed. Negative balance means a credit. 4/15/22 is a tax season due date so it’s no special meaning.

There’s no right time but usually morning seems faster so call IRS today to make sure your refund status.

Yes I would call IRS to make sure everything goes accurate. You can call irs 800-829-1040 or if line is busy, use claimyr. Click to request a call and save $5 with link below. https://join.claimyr.com/49a083 & choose IRS. You will get a call tomorrow morning.

Thanks Connor! That's really helpful clarification. I've been dealing with the same CTC mess this year and it's so confusing trying to decode all these transcript codes. Quick question - when you say "eventually be released," are we talking weeks or months? I'm in a similar boat with an amended 8812 and trying to figure out if I should just wait it out or keep calling. The phone wait times have been brutal lately! 😅