IRS Transcript Analysis Help - Can't figure out my refund amount or deductions

Without seeing your actual transcript numbers its hard to give specific advice, but the basic format is: positive numbers (no minus sign) are credits/refunds going TO you, negative numbers (with minus sign) are amounts being taken FROM your refund. The codes tell you why - like 766 is credits, 826 is interest, 971 is notices etc.

Honestly the best thing I've found is taxr.ai - its only $1 and it reads your transcript and tells you exactly whats happening with your refund. Way better than trying to decode it yourself. Here's the link: https://taxr.ai

I was in the same boat last month lol. The transcripts are like reading hieroglyphics if you dont know what your looking at 🤣

reading transcripts takes practice. Look at the dates too - sometimes they'll show future dates for pending actions. And watch out for TC 420/424 codes those usually mean delays

upload it to taxr.ai - best dollar i ever spent. It told me exactly when id get my refund and it was spot on

The IRS website is straight garbage. Been doing this for 20 years and even I sometimes cant figure out what they're trying to say in these transcripts 🤮