Understanding IRS Transcript Codes 150, 766, 768: Will I Get $10,143 Refund with Earned Income Credit?
Can someone help me understand what these codes on my transcript mean? I'm looking at my account transcript and I'm completely lost with all these numbers and codes. Here's what I'm seeing: CMCOTMCTT TAA. 1,445.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 16, 2025 PROCESSING DATE Feb. 24, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250605 02-24-2025 $2,545.00 76211-427-27654-5 766 Credit to your account 04-16-2025 -$3,313.00 768 Earned income credit 04-16-2025 -$8,830.00 This Product Contains Sensitive Taxpayer Data I'm not sure what the CMCOTMCTT TAA 1,445.00 means. Is that part of my refund? And what's with the cycle number 76211-427-27654-5? Does that have any significance? I understand code 150 is my tax return filed, but what exactly do codes 766 and 768 mean? I see 766 is a "Credit to your account" and 768 is "Earned income credit" but I'm trying to figure out if this means I'm getting a refund of $12,143.00 ($3,313 + $8,830) or if there's something else I'm missing. The transcript is marked as containing sensitive taxpayer data, so I really want to make sure I understand what all these numbers and codes actually mean. Can anyone help break this down for me?
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Lourdes Fox
Your transcript shows several key tax transactions for the 2024 tax year. The CMCOTMCTT TAA of $1,345.00 represents your Total Tax Assessment Amount after adjustments. Looking at the specific transactions: - Your filed tax return (Code 150) shows a tax liability of $1,545.00 processed on February 24, 2025 - You have two credits reducing your tax obligation: - A $2,313.00 credit (Code 766) applied on April 15, 2025 - An Earned Income Credit of $7,830.00 (Code 768) also applied on April 15, 2025 The cycle number 76211-427-27654-5 and cycle date 20250605 indicate your return is being processed in normal sequence. Your return was received by the standard filing deadline of April 15, 2025. Based on these numbers, you're entitled to a significant refund, as your combined credits ($10,143) substantially exceed your tax liability ($1,545). The processing date of February 24, 2025, suggests the IRS has already begun working on your return well ahead of the filing deadline.
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Bruno Simmons
•thank u so much! this helps alot. do you know when i might get the refund?
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Lourdes Fox
•With these codes and dates, you should expect your refund within 21 days from the processing date, barring any additional reviews.
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Aileen Rodriguez
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Maggie Martinez
lol welcome to the IRS code party 🎉 these transcripts might as well be written in ancient hieroglyphics sometimes
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Alejandro Castro
looks like ur getting a nice refund! the 768 is the earned income credit, thats a good one to qualify for
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Teresa Boyd
•yeah im excited! just nervous about when it will actually show up 😅
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Monique Byrd
Quick tip: keep checking your transcript daily. Sometimes codes update overnight and give you new info
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Jackie Martinez
•this is the way! transcripts tell u way more than wmr ever will
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Lia Quinn
bruh why they gotta make everything so complicated with all these codes n dates? 🤡 irs needs to get with the times fr
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Haley Stokes
•ong bro its like they trying to make it hard on purpose 💀
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CosmosCaptain
Based on your transcript, you're looking at a solid refund! Your Code 150 shows $2,545 in tax liability, but your credits (766 + 768) total $12,143, so you should get back around $9,598. The processing date of 02-24-2025 is actually really good - means they're working on it early. With EIC involved, expect maybe 2-3 weeks from that processing date for direct deposit. The CMCOTMCTT TAA is just internal IRS accounting stuff, don't worry about that part. Your cycle date 20250605 shows normal processing sequence. Keep checking your transcript every few days for a 846 refund code with your actual refund date!
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Hugh Intensity
•This is super helpful! I'm new to reading transcripts and was wondering - what exactly is the 846 code you mentioned? Should I be looking for that specific code to know when my refund is actually being sent out? Also, is there any difference in timing between direct deposit vs paper check for refunds with EIC?
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