$28,223.42 Refund with 846 Code (Issue Date 10-23-2024) - When Will It Hit My Account?

Just checking my transcript and see a refund issued date for $29,223.42 with code 846 dated 10-23-2024. Does this mean I'm getting my money on Wednesday? They're also showing interest credited to my account (code 776) for $449.42 on 11-05-2024. First time seeing movement on my account in months! Looking at the full transcript, I filed as Single with AGI of $171,815.00 and taxable income of $157,965.00. My original tax per return was $17,001.00 (code 150), and I had withholdings (code 806) of $44,875.00. My return has a processing date of Nov. 04, 2024, but I'm most excited about that 846 code showing up! After waiting for months, seeing that refund issued code is making me anxious to know when the money will actually hit my account! Here's what my transcript shows: EXEMPTIONS: 01 FILING STATUS: Single ADJUSTED GROSS INCOME: 171,815.00 TAXABLE INCOME: 157,965.00 TAX PER RETURN: 17,001.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Aug. 21, 2024 PROCESSING DATE Nov. 04, 2024 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20244205 11-04-2024 $17,001.00 16221-634-12561-4 806 W-2 or 1099 withholding 04-16-2024 -$44,875.00 846 Refund issued 10-23-2024 $29,223.42 776 Interest credited to your account 11-05-2024 -$449.42 This Product Contains Sensitive Taxpayer Data I'm especially curious about that 846 code with the 10-23-2024 date. Does that mean the money is already on its way to my bank account? I've been waiting since August when they received my return, and this is the first real movement I've seen. Anyone know how long after the 846 code appears that the money actually hits your account?

0 coins

16 comments

Melina Haruko

•10M

The transcript shows you're set to receive a substantial refund of $28,223.42 on October 23, 2024, as indicated by code 846. This is the actual direct deposit date when the funds should appear in your account. Your refund is quite large because your tax withholdings ($44,875.00, code 806) significantly exceeded your tax liability ($17,001.00, code 150). Additionally, you're receiving $349.42 in interest (code 776) dated November 4, 2024, because your return was processed beyond the standard 45-day processing window. Your return was received or due on August 21, 2024, and has a final processing date of November 4, 2024. As a single filer with an Adjusted Gross Income of $171,815.00 and taxable income of $157,965.00, the difference between these figures ($13,850) likely represents your standard deduction. The transcript also confirms you had no self-employment income or related taxes for this tax year. You can expect the main refund amount to be deposited on October 23rd, with the interest payment following separately on November 4th.

0 coins

Lia Quinn

•6M

Congrats on finally seeing movement! 🎉 Just wanted to clarify something I noticed - your post mentions a $28,223.42 refund but your transcript shows $29,223.42 with code 846. That extra $1,000 might be another adjustment or credit that got added during processing. Either way, that October 23rd date is when it should hit your account via direct deposit. The interest payment ($449.42 on 11-05) will come separately since it was calculated after your main refund processed. Hope it all goes smoothly for you!

0 coins

Natasha Romanova

•3M

Wait, I'm confused about the dates here. You're saying the 846 code shows 10-23-2024 as the issue date, but we're already past that date and you're still waiting? If the refund was actually issued on October 23rd, it should have hit your account by now. Double check your transcript again - sometimes the dates can be confusing. Also, are you sure your direct deposit info is correct with the IRS? If there was an issue with your bank account info, the refund might have been sent as a paper check instead, which would explain the delay.

0 coins