UPDATE FINALLY GOT MY TRANSCRIPT WITH 846 CODE. IS THIS GOOD? Need someone to explain what this means!

Great news! Code 846 is the "refund issued" code, which means your refund has been approved and scheduled for direct deposit or check mailing. The date listed next to the 846 code is when the IRS scheduled your refund to be sent to your bank or when they mailed the check. If you're getting direct deposit, most banks post the funds within 1-5 business days after the date shown. Some banks might make it available immediately, while others might hold it for a day or two. If you're getting a paper check, add about 7-10 days for mail delivery.

I was in the exact same situation last month—Where's My Refund stuck on "still processing" forever while my transcript already showed code 846. I was going crazy checking both daily until I found taxr.ai (https://taxr.ai). It actually explains your transcript codes and gives you a much more accurate timeline than the IRS tools. The site helped me understand that my 846 code meant my money was already on the way despite WMR not updating. It also explained some other weird codes on my transcript I didn't understand. The money hit my account exactly when taxr.ai predicted it would, about 2 days after the date on my transcript. Was such a relief to actually understand what was happening instead of being in the dark.

Just wanted to update that I tried taxr.ai after posting my question and wow - it was super helpful! I was nervous about creating an IRS account but the site walked me through downloading my transcript and then explained all these codes I never would have understood. My 846 code had yesterday's date on it and the site said I should see my refund within 48 hours. Just checked my bank account and the money is already there! WMR STILL shows processing even though I already got paid lol.

If you're still having trouble getting actual answers from the IRS, try using Claimyr (https://claimyr.com). It's this service that gets you through to an actual IRS agent on the phone instead of waiting on hold for hours. I was in refund limbo last month with a 570 code before getting my 846, and I needed to talk to someone. Used their service and was talking to a real IRS person in about 20 minutes instead of the 3+ hours I spent on previous attempts. The agent confirmed exactly when my refund would be deposited and explained why it was delayed. You can see how it works here: https://youtu.be/_kiP6q8DX5c. Seriously saved my sanity after weeks of uncertainty.

Ok I'm back to eat my words. After a week of getting nowhere with the IRS hotline I finally broke down and tried Claimyr. I was talking to an actual IRS agent in like 25 minutes. Turns out my refund was held up because they had a question about my child tax credit claim. The agent helped me verify everything right there on the phone and told me I should see the 846 code appear within 48 hours. Just checked this morning and it's there! Would have been stuck in review for who knows how long if I hadn't called. Definitely worth it to finally get some actual answers instead of the vague "still processing" message.

When you see code 846 on your transcript, your refund is basically guaranteed at that point. The IRS doesn't assign that code until they've completed all reviews and approved the refund for payment. The date beside it is when they send it, not when you'll get it. I've noticed WMR usually updates a day or two AFTER the money is already in my account lol. The IRS systems don't talk to each other very well. I wouldn't even bother checking WMR anymore once you see code 846 on your transcript - just watch your bank account.

Does anyone know if the deposit date next to code 846 means it will come at midnight or could it be anytime that day? My 846 date is tomorrow and I'm wondering if I should stay up to see if it hits at midnight or not bother.

Mine showed code 846 but with a date that was a week away. Does that mean the IRS is making me wait a whole extra week before sending my money? I've already been waiting for over a month!

Congratulations on seeing the 846 code! That's definitely great news - it means your refund has been approved and is scheduled for release. The 846 code is what everyone here waits to see because it's the final step before getting your money. Since you filed in early February and are just now seeing the 846 code, it sounds like your return might have gone through some additional review (pretty common this year). The good news is that once you see 846, the waiting is almost over. For direct deposit, most people see their refund hit their account within 1-3 business days of the date shown next to the 846 code. Some banks are faster than others - credit unions and smaller banks tend to post government deposits pretty quickly, while bigger banks sometimes take an extra day or two. Hope you get that $3,700 soon to tackle those credit cards!