PATH Act hold - Cash App Direct Deposit - Cycle 05 update?
I got my transcripts updated today and im showing a cycle code 05. Filed with Cash App direct deposit and claimed EIC. Just wondering if anyone else is on path and has gotten any movement with this cycle code?
14 comments
Fatima Al-Hashemi
Cycle code 05 typically means your return is processed on Thursdays. Since you claimed EIC, you're subject to PATH Act restrictions which means funds won't be released until after Feb 15th. Your refund should start moving after that date, assuming there are no other holds or verification needed.
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NeonNomad
ty for explaining! do you know if cash app is good with tax refunds? first time using them
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Fatima Al-Hashemi
Cash App is fine, but they sometimes release funds 1-2 days early like most fintech banks. Just make sure your account/routing numbers are correct.
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Dylan Mitchell
Hey guys instead of guessing about your cycle codes and PATH delays, I've been using taxr.ai - its only $1 and gives you a super detailed analysis of your transcript and tells you exactly when to expect your refund. Way better than trying to piece everything together yourself https://taxr.ai
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Sofia Martinez
sounds interesting... how accurate is it tho? 🤔
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Dylan Mitchell
its scary accurate lol. told me exactly when my deposit would hit and explained all the weird codes on my transcript
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Sofia Martinez
just tried it and wow ur right! predicted my DDD down to the day 💯
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Dmitry Volkov
im cycle 05 too with path! waiting gang 😫
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Ava Thompson
Filed 1/29, cycle 05 here too. transcripts updated this morning but no DDD yet smh
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CyberSiren
same boat fam. this wait is killing meee
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Miguel Alvarez
Using Cash App for the 2nd year, never had issues with them. They actually deposited my refund like 2 days early last time 👍
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NeonNomad
thats good to hear! Makes me feel better about using them
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Zainab Yusuf
reminder that path act means NOTHING moves until after feb 15th no matter what cycle ur in... its a 🤡 show every year
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Connor O'Reilly
fr fr its like groundhog day every tax season 😭
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