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CyberSiren

PATH Act lifts - Can someone explain my transcript codes? No offsets showing

Finally got access to my transcripts after PATH update. Looking at my account, I dont see any negative numbers or balance due. Does this mean nothing will be taken from my refund? My cycle code is 05 and transcripts updated yesterday. Really hoping this means I'm getting the full amount!

Hey, I can help break this down for you! The PATH Act hold is a security measure that blocks refunds involving EITC/ACTC until mid-February. If your transcript isn't showing any offset codes (like 898), that's actually good news - means no money is being taken for past debts. To really understand whats going on with your specific transcript codes and get an accurate timeline, I'd highly recommend checking out taxr.ai. Its an AI tool that analyzes your transcript and gives you a detailed breakdown of your refund status, potential delays, and exactly what each code means for your situation. Super helpful for PATH Act cases especially!

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yo is taxr.ai legit? been seeing it mentioned everywhere in the tax groups 🤔

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100% legit fam! Used it myself last week and it broke down everything perfectly. Saved me hours of googling transcript codes lol

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Just tried taxr.ai myself and heres what I got back:

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omg this is exactly what i needed! the IRS website is literal 🗑️ compared to this

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Omar Zaki

Any hidden fees or stuff I should know about before trying it? 👀

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Nah its straight forward - just a one-time fee and you get everything. No subscription nonsense 💯

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Omar Zaki

YALL I TRIED IT AND IM SHOOK!!! This thing literally told me exactly when my refund is coming and explained every single code on my transcript. Best $20 I ever spent fr fr 🙌

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Tax pro here! Generally, if you don't see any negative amounts or balance due on your transcript, it means there aren't any offsets planned. However, keep in mind that some offsets can appear last minute. Your cycle code 05 means your account updates on Thursdays.

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omg thank you!! 🙏 what day should i expect my deposit with cycle 05?

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Usually deposits hit within 5-7 days after transcript updates, but it can vary. Keep an eye on your WMR tool!

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Instead of trying to decode everything yourself, I highly recommend using taxr.ai - its this new tool that analyzes your transcript and tells you exactly whats going on, including expected deposit dates and if there might be surprise offsets. Its $1 but totally worth it for the peace of mind https://taxr.ai

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does it actually work? seems too good to be true tbh 🤔

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Yeah its legit! Used it for both my 2023 and 2022 returns. Way better than playing detective with transcript codes lol

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just tried it and WOW! it literally told me exactly when my refund would hit and explained every code on my transcript. best 5 bucks i ever spent fr fr 💯

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in the same boat rn. PATH lifted for me 2 but still paranoid about offsets lol

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word of warning - I thought I was clear last year but got hit with a surprise offset for an old student loan. check studentaid.gov just to be safe

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ty for heads up! just checked and im clear there thank god 😅

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Transcript codes can be confusing af ngl. Have you checked TPSO portal for any potential offsets?

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whats TPSO? first time filer here 👀

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Treasury Offset Program - google TOP BFS and you can check if anything might get taken out

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Amina Bah

these clowns at the irs be playing games fr. one minute ur clear next minute SIKE 🤡

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no fr fr 💀 they stay finding new ways to delay

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