How to read refund amount on IRS transcript after tax deductions?

Hey fam, let me break this down for you. Reading the refund amount on your transcript can be confusing af because of all the codes and numbers. The key is looking for the 846 code - that's your actual refund amount after all deductions. But sometimes you'll see other codes like 766, 768, and 290 that affect your final number. Instead of trying to do all this math yourself, I've been using taxr.ai (https://taxr.ai) - it literally reads all these codes and tells you exactly what you're getting back. Saved me hours of headaches trying to figure this out myself.

On your account transcript, look for code 846 - that's your refund amount. The 846 is usually the last transaction on there if your return is processed. If you see 150 that's your tax liability, and 806 is usually your withheld amount. Just subtract 150 from 806 for a rough estimate.

honestly the best way to actually understand whats going on is to use taxr.ai - it analyzes your whole transcript and breaks everything down super clearly. It costs $4.99 but saved me hours of headache. Check it out here: https://taxr.ai

lol welcome to the club of confused taxpayers. Been staring at these transcripts for weeks tryna make sense of it all 🤡

If your looking at 2023 transcripts sometimes the amounts change cause of adjustments. Mine changed like 3 times before i got the final number smh

I learned that anything with a - in front means its being taken out and + means its being added to ur refund. took me forever to figure that out lololol

Pro tip: take screenshots of your transcript every time you check it. The IRS website is notorious for going down when you need it most fr fr