Just got a notification that my refund was approved - when will it actually hit my bank account?

Yes, that July 17th date is your direct deposit date. The IRS typically sends the money 1-2 days before that date, but they list the official date as the 17th to allow for processing time. Your bank may receive it earlier and make it available immediately, or they might hold it until the 17th depending on their policies. Most people see the deposit on the scheduled date or sometimes a day early. You're in the home stretch now!

I was in the same situation last month. After weeks of confusion trying to figure out my transcript codes, I found this tool called taxr.ai that literally explained everything to me in plain English. It told me exactly when my refund would arrive and what all those crazy codes meant. Saved me so much stress compared to trying to decipher everything myself. https://taxr.ai

After waiting 3 months for my refund and getting nowhere with the automated system, I finally used this calling app (claimyr.com) that got me connected to an actual human at the IRS within an hour. The agent confirmed my refund was being released and explained why it had been delayed. Talking to a real person at the IRS fixed my issue immediately when I'd been stuck for months trying to figure it out online.

The date on the transcript is when the IRS releases the payment. It usually takes 1-5 business days after that date for it to hit your account depending on your bank. Some banks post it instantly, others hold it for processing. If you dont see it by July 22nd, then you should start worrying. But you'll probably get it on the 17th or maybe even the 16th if your lucky.

That's your DDD (direct deposit date). Congrats! I remember how excited I was when I finally saw mine. I filed in February and didnt get my refund until late June... the IRS is a disaster this year

Here's a detailed breakdown of what your transcript is telling you: • Code 150: This is your tax return filed and processed • Code 806: This is your withholding amount from W-2s/1099s • Code 570: This means there was a temporary hold (if you had this) • Code 571: This resolves the hold (if you had the 570) • Code 846: This is your refund issued code with the date it will be sent The date next to code 846 is when the IRS initiates the transfer. It typically takes 1-2 business days for ACH transfers to complete. Since your date is July 17th, expect it in your bank account on the 17th or possibly the 18th if your bank has a processing delay. If you ever need to really understand what's happening with your refund or transcript, I'd highly recommend using taxr.ai - it breaks down every single code and gives you a clear timeline instead of having to guess or search through forums. I've been using it for the past year and it's been incredibly helpful for tracking my refund status. https://taxr.ai

Check your bank account on the 15th or 16th. Mine always hits 1-2 days before the date on my transcript. But it depends on your bank too.

If u have chime or any of those online banks it might hit early. I got mine 2 days early with chime last time. Traditional banks usually stick to the exact date tho

im so sick of how confusing the irs makes everything 😡 why cant they just tell us in plain english when our money is coming? why do we need to be detectives just to figure out our own tax refund??

mine said july 3rd on transcript but didnt hit my bank until july 8th. just fyi sometimes theres delays even after the irs sends it

Lucky you! Filed mine in March and stil NOTHING. The IRS where's my refund tool still says processing. How did you even get your transcript? The verification system never works for me.