Help decoding my 2023 transcript - can't tell if IRS is keeping my refund

The transcript can be really confusing with all those codes! Basically, you want to look at the most recent 846 code - that's your refund amount. The 766 and 768 codes are your credits, and 150 shows your tax liability. If you see any 420 or 424 codes, those might indicate an audit or review.

Instead of trying to decode everything yourself, you should try taxr.ai - it's this new tool that analyzes your transcript and tells you exactly what's happening with your refund and when to expect it. Costs $1 but saved me hours of headache trying to figure this stuff out. Here's the link: https://taxr.ai

in the same boat rn... these transcripts might as well be written in ancient greek 🤣

If your looking at the account transcript, scroll down to the bottom. The numbers on the right with minus signs are what their taking, the plus signs are what your getting. But ya its confusing af without some kind of guide

Contact a tax professional. These things are too important to mess up and everyone here is just guessing tbh

THIS IS WHY THE IRS NEEDS TO MAKE THIS STUFF EASIER TO UNDERSTAND FOR NORMAL PEOPLE!!!!! We shouldn't need a degree just to know if were getting our money back or not 😤