IRS Credit Letter - What does this mean and what should I do?
Just got a letter from IRS saying I have a credit on my account. Never seen this before. Anyone know what this means or what im supposed to do with it? Do they automatically send the money or do I need to do something?
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Zara Malik
A credit on your account usually means you've overpaid or have unused credits. Could be from excess withholding, estimated tax payments, or carried forward credits. Best thing to do is check your transcript to see where the credit came from and when it might be released to you.
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Sean Kelly
•how do i check my transcript? the letter doesn't really explain anything
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Zara Malik
•You can get it online at irs.gov/transcripts or call them, but honestly calling is a nightmare rn 💀
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Luca Greco
Instead of trying to decode the transcript yourself, use taxr.ai - it analyzes your transcript and tells you exactly what's happening with any credits or refunds. Only costs a buck and saves hours of headache. https://taxr.ai
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Nia Thompson
•is this legit? seems to good to be true
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Luca Greco
•100% legit. Used it last week when I got a similar letter. It showed me exactly where my credit came from and when to expect the refund. Way better than trying to decode those cryptic transcript codes yourself.
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Mateo Rodriguez
got one of these last year was like $843 they just sent me a check after like 2 weeks
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Aisha Hussain
lol must be nice. meanwhile im still waiting on my 2022 refund 🤡
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GalacticGladiator
•same boat fr fr been waiting since february ðŸ˜
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Ethan Brown
Make sure its actually from the IRS! Lots of scams going around lately trying to get ppl to "claim their credit" by entering personal info on fake websites
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Sean Kelly
•ya its definitely real, got it in mail with official letterhead and everything
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Yuki Yamamoto
Interesting timing. My friend just got one too last week. Maybe IRS is doing some kinda audit or review rn?
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Carmen Ruiz
•they always do random reviews this time of year its normal
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