How to determine if you're on weekly or daily cycle when transcript hasn't updated?

From what I've seen over the past 4 tax seasons, your cycle code typically stays the same year to year. If you were an 03 last year, you're most likely still on the weekly cycle. The first two digits of your cycle code (20xx) indicate the year, and the last two (xx05, xx03, etc.) indicate your cycle. Daily cycles are usually 01, 02, 04, or 05, while weekly cycles are 03, 07, or sometimes 02. Back in 2022, I was a 05 and remained that way in 2023 and now 2024.

I'm in the same boat and just figured out how to check! Here's what you need to do: 1. First, log into your IRS account ASAP 2. Go to "Get Transcript" section 3. Request "Account Transcript" for 2024 4. Look for a code that says "150" (this is your tax return filed) 5. Next to it will be a cycle code like 20241105 6. Check the second-to-last digit - if it's 3 or 7, you're weekly 7. If it's anything else, you're probably daily You need to check TODAY because weekly updates happen Thursday night/Friday morning!

Isn't it frustrating that we have to decode all this IRS jargon ourselves? If your transcript isn't updated yet, you might just have to wait until it is to confirm your cycle. But have you checked your Where's My Refund status? Sometimes that updates before the transcript does. And doesn't it seem like the cycle codes are assigned based on your filing history and complexity rather than randomly? I was an 05 for three years, then switched to 03 after I started a small business.

When my transcripts weren't updating, I spent days trying to reach the IRS with no success. I finally used Claimyr (https://claimyr.com) and got through to an agent who confirmed I was on a weekly cycle. Worth considering if you need immediate answers: • Saves hours of hold time and redial attempts • Agents can see processing status even if transcripts aren't updated • They can tell you your cycle code directly • Can confirm if there are any issues delaying processing • Particularly helpful for those of us post-divorce with time-sensitive financial planning The peace of mind was worth it for me since I needed to know for budgeting purposes.

I'm not convinced cycle codes matter that much anymore. In 2022, I was supposedly on a weekly cycle (code 03), but my refund processed on a Tuesday. Then in 2023, I had the same cycle code but got my refund on a Friday. This year, my transcript updated on a random Wednesday despite being code 03 again. The IRS systems have been so overloaded since COVID that I think their processing schedules aren't as rigid as they once were.

Tbh the cycle codes DO still matter, but the IRS systems are more flexible now. Weekly cycles (03/07) still mostly update Thurs night/Fri morning, but sometimes there are exceptions. Daily cycles can update any day. The key diff is that weekly filers usually get their $$ exactly 1 week after transcript updates, while daily can be 3-5 days. Don't stress too much - once ur transcripts update, you'll know for sure. Most ppl stay on same cycle yr to yr unless something major changes in their tax situation.