OMB 1545-0074 Letter: Timeline for Refund Reduction & Payment?

The OMB 1545-0074 is actually just a standard form number that appears on most IRS notices - it's not specific to refund reductions. For reduced refunds, typically the IRS processes these within 2-4 weeks after they send the notice. You should see the adjusted refund deposited about 1-2 weeks after that processing completes.

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in the same boat rn. got my letter last week and im still waiting 🤡

anyone else notice how these delays keep getting longer every year??

Make sure u keep that letter! You might need it later if theres any issues

did they tell u why theyre reducing it? sometimes u can appeal

Check your IRS account transcript online - it usually shows more details about the adjustment than the letter does. That way you can see exactly what they're reducing it for and track the processing status. The "Where's My Refund" tool should also update once they finish processing the adjustment.

I went through this exact situation last year! Got the same type of letter and it took about 3 weeks from when I received it to when the adjusted refund finally hit my account. The key thing is that once they send you that letter, they've already started processing the adjustment. You can call the IRS customer service line to get a more specific timeline, but honestly the wait times are brutal. Hang in there - the money will come through eventually!

I had a similar situation a few months ago with a refund reduction letter. In my case, it took exactly 21 days from receiving the letter to getting the adjusted refund deposited. The IRS is pretty consistent with their processing times once they send that notice out. One thing I learned is that you can set up direct deposit alerts with your bank so you know immediately when it hits - saved me from obsessively checking my account every day! The waiting is definitely the worst part but at least you know it's coming.