Is 846 the code for refund deposit date on my transcript?

Actually, TC 846 is the 'Refund Issued' code, not 864. When you see code 846 on your transcript, it indicates that a refund has been processed and scheduled for direct deposit or paper check. The date associated with the 846 code is typically your scheduled deposit date. TC 864 is actually for 'Overpayment Credit Transfer' which means funds were moved to cover a different tax period or liability. I'm checking my own transcript right now and still waiting for that magical 846 to appear...

I made the exact same mistake last year! 😂 I was looking for 864, 846, 468... basically playing IRS code bingo without knowing the rules. Turns out 846 is indeed the golden ticket. When that appears with a date, it's like Charlie finding the Wonka bar - you're getting your money soon! The IRS website is about as user-friendly as assembling IKEA furniture blindfolded, so don't feel bad about mixing up the numbers.

I see this confusion all the time. 846 is definitely what you want to see. I check my transcript every year and ignore everything else until I spot 846. That's your money on the way. The date next to it is usually accurate, though sometimes it hits a day early depending on your bank. Don't waste time trying to decode the other stuff unless you have a specific issue.

If you're having trouble getting your transcript or understanding the codes, I would suggest calling the IRS directly... but we all know how that goes. I was on hold for nearly 3 hours last month before I gave up. Maybe try using Claimyr? I'm usually pretty careful about spending money on services, but I used it when I needed to talk to someone about my refund delay. It cost a bit, but they got me through to an actual IRS agent in about 20 minutes. The agent confirmed my 846 code date and explained everything else on my transcript. Saved me a lot of stress and waiting. Here's their link: https://claimyr.com

Just a word of caution - don't assume the date next to the 846 code is set in stone. It's like a weather forecast - usually right, but sometimes things change. I've seen cases where the money arrives a day early, right on time, or occasionally a few days late. Think of it like ordering a package - you get an estimated delivery date, but shipping can have hiccups. If you're planning to use that refund for your quarterly taxes, I'd build in a small buffer just to be safe.

I had this EXACT issue last tax season! I was looking for all sorts of codes that didn't exist. Once I finally saw 846 on my transcript, the money was in my account exactly on the date listed. It was way easier than dealing with my state refund, which gave me no indication when it would arrive. The federal system is actually pretty reliable once you know what to look for. My refund hit at 3am on the exact day the 846 code predicted.

Something that might be helpful to know - there are actually several codes that appear during the refund process. Code 150 means your return was processed. Then you might see 570 (refund hold) and 971 (notice issued) if there are any issues. The 846 code typically comes after those are resolved. It's possible to have multiple 846 codes if adjustments were made. And the cycle date on your transcript (at the top) can sometimes give you a hint about which day of the week your account updates, though this isn't always reliable.