Is $8,934 Tax Refund Normal for Head of Household with $37,754 AGI, 3 Dependents and $3,789 EIC?

Can someone help me understand my 2024 tax transcript? I received it today (02-12-2025) and I'm trying to make sure everything looks right. My transcript shows the following details: FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2024 ACCOUNT BALANCE: -$8,934.00 ACCRUED INTEREST: $0.00 AS OF: Mar. 03, 2025 ACCRUED PENALTY: $0.00 AS OF: Mar. 03, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$8,934.00 Under "INFORMATION FROM THE RETURN OR AS ADJUSTED": EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $37,754.00 TAXABLE INCOME: $15,854.00 TAX PER RETURN: $0.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 My RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) is Apr. 15, 2025 PROCESSING DATE is Mar. 03, 2025 Looking at the TRANSACTIONS section: CODE 150: Tax return filed - CYCLE 20250701 - DATE 03-03-2025 - AMOUNT $0.00 (Transaction ID: 80211-429-69866-5) CODE 806: W-2 or 1099 withholding - DATE 04-15-2025 - AMOUNT -$2,533.00 CODE 766: Credit to your account - DATE 04-15-2025 - AMOUNT -$2,612.00 CODE 768: Earned income credit - DATE 04-15-2025 - AMOUNT -$3,789.00 So my total refund amount is -$8,934.00 which includes an Earned Income Credit of -$3,789.00. I filed as Head of Household with 3 exemptions. My AGI shows as $37,754.00 with taxable income of $15,854.00. The account balance shows -$8,934.00 and there are no accrued interest or penalties ($0.00 for both). Is everything looking normal with these numbers and dates? I just want to make sure I'm understanding the transcript correctly and that there aren't any red flags I should be concerned about.

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13 comments

Victoria Stark

Your tax transcript shows a total refund of $8,934.00, which aligns perfectly with the combined amounts from your withholdings and credits. Breaking this down: you have $2,533 in W-2/1099 withholdings, $2,612 in additional tax credits, and $3,789 in Earned Income Credit. The transcript confirms you filed as Head of Household with 3 exemptions, with an Adjusted Gross Income of $37,754 and taxable income of $15,854. Your tax liability per return is $0, which means your credits and deductions effectively eliminated your tax obligation. The processing date of March 3, 2025, is normal, and there are no red flags in your transcript - no penalties or interest charges are showing. Your return due date is properly listed as April 15, 2025, and the transaction codes (150, 806, 766, and 768) are all standard codes for normal tax return processing. Based on your income level and filing status, your Earned Income Credit amount of $3,789 appears to be within expected ranges for a Head of Household with 3 qualifying dependents. With the March 3rd processing date, you should typically expect your refund within 21 days, assuming no additional reviews are required.

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