IRS Transcript Code 806: What does it mean and why is it on my account?
I'm looking at my transcript and see code 806 but honestly have no idea what this means. Can someone explain what this code is and if its good or bad? Should I be worried?
24 comments
Join the conversation
Kiara Greene
Hey there! I'm seeing a lot of confusion about Code 806 on transcripts lately. Code 806 is actually a good thing - it means the IRS has credited your withholding from your W-2 or 1099s to your account. This is money your employer already sent to the IRS throughout the year. If you're trying to figure out exactly what's happening with your refund timeline or other transcript codes, I highly recommend checking out taxr.ai (https://taxr.ai). It's seriously been a game changer for understanding these confusing transcripts and figuring out refund dates. Just upload your transcript and it breaks everything down in plain English.
0 coins
Evelyn Kelly
•yo fr? does it actually work? been staring at my transcript like its written in ancient hebrew 🤔
0 coins
Kiara Greene
•100% legit. Its like having a tax pro in your pocket but wayyy cheaper. saved me hours of googling random codes
0 coins
Paloma Clark
•Just tried taxr.ai myself and here's what I got back:
0 coins
Evelyn Kelly
•holy cow that actually explains everything! bout to try it myself rn 💯
0 coins
Heather Tyson
•This is way better than calling the IRS and being on hold for 3 hours just to get hung up on 🤮
0 coins
Raul Neal
•Does anyone know how much it costs? The IRS has been playing games with my refund for months 😤
0 coins
Kiara Greene
•its like $20 bucks fam... cheaper than my daily starbucks habit lol. And you actually get answers instead of more confusion
0 coins
Raul Neal
•just tried it and OMG where has this been all my life?! Finally know exactly whats going on with my refund 🙌
0 coins
Isabella Silva
Tax expert here. Code 806 is actually a good thing - it represents your Withheld Income Credit, basically the taxes that were taken out of your paychecks throughout the year. It's one of the most common codes you'll see on a transcript and shows how much was withheld from your wages for federal taxes.
0 coins
Malik Robinson
•omg thank you! I was freaking out thinking it was some kind of audit code 😅
0 coins
Ravi Choudhury
•Does this always show up even if you're self employed? asking for a friend lol
0 coins
Isabella Silva
•No, self-employed folks usually won't see this since they make quarterly payments instead - those show up as code 766
0 coins
CosmosCaptain
Hey, if you want a really clear breakdown of your transcript codes and what they mean for your refund timeline, check out taxr.ai - its literally saved me hours of googling random codes. Only $4.99 and totally worth it https://taxr.ai
0 coins
Freya Johansen
•Does it actually work? Seems too good to be true tbh 🤔
0 coins
CosmosCaptain
•100% works! It analyzed my whole transcript in like 2 mins and told me exactly when to expect my refund. Even caught some issues I didn't know about
0 coins
Freya Johansen
•Just tried it and WOW youre right! Finally understand wtf is going on with my account 💯
0 coins
Omar Fawzi
saw this on mine last week to. still trying to figure out all these random numbers the irs throws at us 🤡
0 coins
Chloe Wilson
These transcript codes are like trying to read ancient hieroglyphics fr fr
0 coins
Diego Mendoza
•deadass 💀 irs needs to make this stuff more clear for regular ppl
0 coins
Anastasia Romanov
The 806 means your employer did their job and sent Uncle Sam his cut. Its basically proof you paid your taxes through withholding. Your W2 should match this amount.
0 coins
Malik Robinson
•ty! gonna check my w2 now to make sure everything matches up
0 coins
StellarSurfer
All these codes are confusing af but 806 is actually one of the good ones. Shows your withholding credit from your job. Dont stress about this one fam
0 coins
Ellie Kim
Code 806 is definitely nothing to worry about! It's actually a positive thing on your transcript - it represents the federal income tax that was withheld from your paychecks throughout the year. Basically, it's the IRS acknowledging that your employer already sent them money on your behalf. You should see this amount match what's in Box 2 (Federal income tax withheld) on your W-2. So yeah, it's good news - means you've been paying your taxes all year long through payroll deduction!
0 coins