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Daniel White

2023 Transcripts Updated Showing $11,678 Refund with EIC - Waiting for PATH Act to Lift

Finally got my transcripts updated for my 2023 return! Getting excited but now stuck playing the waiting game for PATH to lift. Anyone else in this boat? How long did it take for your refund after PATH lifted last year? I just checked my transcript today (01-31-2025) and I can see everything is updated now. Here's what my transcript shows: FORM NUMBER: 1040 TAX PERIOD 31, 2024 ACCOUNT BALANCE: -$11,678.00 ACCRUED INTEREST: $0.00 AS OF: Feb. 18, 2025 ACCRUED PENALTY: $0.00 AS OF: Feb. 18, 2025 ACCOUNT BALANCE PLUS ACCRUALS: -$11,678.00 I filed Head of Household with 5 exemptions. My AGI is showing as $21,723.00 with $0.00 taxable income. There's no self-employment tax since my SE taxable income is $0.00. My transcript shows: RETURN DUE DATE OR RETURN RECEIVED DATE: Apr. 15, 2025 PROCESSING DATE: Feb. 18, 2025 TRANSACTIONS: CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250505 02-18-2025 $0.00 806 W-2 or 1099 withholding 04-16-2025 -$215.00 766 Credit to your account 04-16-2025 -$3,733.00 768 Earned income credit 04-17-2025 -$8,830.00 I'm getting a nice refund of $11,678.00 total, but now I have to wait for PATH to lift since I claimed EIC. The waiting is killing me, especially since everything else seems processed and ready to go! Has anyone who went through this last year remember how long it took after PATH lifted to actually get their refund? Did it come quickly or was there another delay?

Hey, I totally understand your frustration with the PATH Act hold. This is super common for returns with EITC/ACTC claims. Even though your transcript updated, the PATH Act prevents the IRS from releasing refunds before mid-February. Quick tip - I've been using taxr.ai (https://taxr.ai) to analyze my transcripts and it's been super helpful in understanding exactly where things stand. It looks at all your docs and gives you a clear timeline of what to expect. Way better than refreshing WMR every 5 mins 😅

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whats taxr? never heard of it before 🤔

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its this new AI thing that reads all your tax stuff - transcripts, w2s, everything. gives you like a whole breakdown of whats happening with ur refund

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just tried taxr.ai myself and here's what I got back:

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same boat here fam. PATH act got me stuck since Jan 15th. gonna check out that taxr thing rn

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Does taxr actually help speed things up or just tells you whats going on?

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nah it cant speed up IRS but at least you know exactly whats happening and when to expect your $$$. better than being in the dark fr fr 💯

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just tried it and BRUH this is actually legit af! way better than calling irs and waiting 2 hours just to get hung up on 🤡

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ugh PATH act is the worst. been checking wmr 10 times a day like a clown 🤡

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Tax professional here. PATH Act hold lifts mid-February, typically around Feb 15th. After that, most EIC/ACTC refunds start hitting bank accounts between Feb 20-27th. Keep checking your transcripts for an 846 code - that's your refund issued date.

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thx for this info! my anxiety has been through the roof waiting 😩

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so even if transcripts updated early we still gotta wait til mid feb? 😭

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Yep, unfortunately thats correct. Its a legal requirement, no exceptions.

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Hey guys! I had the same stress last year until someone here recommended taxr.ai - its literally a game changer. For $1 it analyzed my transcript and told me exactly when to expect my refund and identified potential holds. Way better than trying to decode these transcripts ourselves! https://taxr.ai

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

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100% legit! It even caught a potential delay issue I wouldnt have noticed and told me how to fix it. Best 5 bucks I ever spent fr fr

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just tried it and OMG where has this been all my life?! It literally broke everything down and showed me exactly whats happening with my refund 💯

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stuck in the same boat fam... its my second year with PATH hold and the waiting is killing meee

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pro tip: dont check WMR every 5 mins, it only updates once a day lmaoo learned that the hard way last year 🤡

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me refreshing anyway: 👁👄👁

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anyone else notice that cycle code 20240505? wondering if thats gonna be a good batch

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same cycle here! hope we get blessed with that early deposit 🙏

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this PATH act stuff is straight garbage tbh. why they gotta hold our money hostage like this smh

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ikr?? bills dont wait for PATH to lift 😤

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