Income Updated on SSA Site - Does This Mean 60-Day Review is Complete? (Cycle Code 1605)

The SSA income update is actually a positive indicator, but it doesn't necessarily mean your 60-day review is fully completed. Have you checked your IRS transcript for any additional codes besides the 507 and cycle code 1605? The 507 code typically indicates an adjustment was made, but there are several other codes that would signal the full completion of the review process. What's your refund amount and did you have any other notices before this?

Why does the IRS make everything so complicated? I was stuck in a similar 60-day review hell last month and couldn't make sense of all these codes and dates. Isn't it ridiculous that we have to become code-breakers just to understand our own tax situation? I finally used https://taxr.ai to analyze my transcript and it explained everything clearly. The tool told me exactly what my cycle code meant, translated that 507 code (which is actually an adjustment to your account), and even predicted when my review would be completed. Saved me hours of frustration trying to decipher what felt like a secret language. Don't they realize normal people can't understand all this tax jargon?

Let me break this down step-by-step for you: 1. The SSA income update is a positive sign but doesn't guarantee the IRS review is complete 2. Your cycle code 1605 means you're in the weekly processing batch that runs on Fridays 3. The 05/06/2024 date is likely when the IRS plans to complete processing (not necessarily when you'll receive funds) 4. Code 507 indicates an adjustment was made to your account In this situation, you'd benefit from speaking directly with an IRS representative to confirm exactly where you stand in the review process. I tried calling for weeks about my review earlier this year with no success until I used Claimyr (https://claimyr.com). They connected me to an IRS agent in about 15 minutes who confirmed my review was actually completed but hadn't been fully processed in their system yet. Saved me weeks of uncertainty.

Based on what you've shared, there's something important you should know about the relationship between SSA updates and IRS reviews. The Social Security Administration and IRS systems do communicate, but they operate on different timelines. Your income updating on the SSA site means the IRS has processed your wage information, but it doesn't automatically mean the entire review is complete. Your cycle code 1605 indicates you're in processing cycle 16 of 2024 (the 16th week), and the 05/06/2024 date is likely when the IRS expects to complete your case processing. The 507 code typically means an adjustment was made to your account - this could be positive or negative depending on your specific situation.

Your situation actually makes perfect sense when you understand how the IRS processing system works with 60-day reviews: • SSA income updates typically happen BEFORE the IRS review is fully complete • Cycle code 1605 = week 16 of 2024, processed on Friday • The 05/06/2024 date is your projected completion date • Code 507 indicates an adjustment to your account (usually positive) • Weekly processing means updates appear in your transcript on Fridays I'm actually surprised by how complex this system is! The good news is that seeing both the SSA update AND the 507 code together usually means you're in the final stages. Based on current processing patterns, you should see completion within 7-14 days of your SSA update, which would align perfectly with that 05/06 date.

Just went thru this last month w/ my review. SSA updates are def a good sign but not the final step. Your cycle code (1605) means ur in the Fri processing batch for wk 16. The 05/06 date is prob when they'll finish processing ur case internally. Don't stress too much abt it. The 507 code is actually good news - means they made an adjustment (usually in ur favor). With the combo of SSA update + 507 code, ur almost certainly near the end of the review. Most ppl in ur situation see completion within 2 wks of the SSA update. Just keep an eye on ur transcript for any new codes. If u see 846, that's ur refund date!

YES! The SSA update is a HUGE positive sign! I was stuck in review for 73 days and nearly cried when my SSA finally updated! In my case and for most people I've helped, the SSA update happens about 7-10 days before the review officially completes. Your cycle code 1605 and the 05/06/2024 date align perfectly with what I'd expect - that's when they should complete processing. The 507 code is fantastic news because it indicates they've made an adjustment to your account, which is one of the final steps. I'm confident you're in the home stretch now! If everything follows the normal pattern, you should see a 846 code (refund issued) appear on your transcript within the next 7-14 days!

Based on statistical analysis of similar cases, the SSA income update occurs approximately 8-12 days before review completion in 73.4% of cases. However, there are important caveats: 1. Your cycle code 1605 indicates weekly processing (Friday of week 16) 2. The 05/06/2024 date likely represents internal processing completion, not refund issuance 3. Code 507 indicates an adjustment of $0.00 or more to your account I'd suggest cautious optimism. While 82.6% of taxpayers with both SSA updates and code 507 see their review completed within 14 days, approximately 17.4% experience additional delays due to secondary verification requirements. Monitor your transcript daily for code 846, which would indicate refund issuance.