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Natasha Orlova

IRS Transcript Update: Codes 767, 290, 971 After Amended Return - Will I Get My $6,595 Refund Soon?

My transcript just updated today and I see codes 767, 290, and 971. First time seeing these codes and don't know if this is good news or not. Really need this refund and getting anxious about what these mean. I've never seen these codes before so I'm going to copy my entire transcript below to see if anyone can help me understand what's happening: ACCOUNT BALANCE: -6,595.00 ACCRUED INTEREST: 0.00 AS OF: Dec. 17, 2024 ACCRUED PENALTY: 0.00 AS OF: Dec. 17, 2024 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount) -6,595.00 INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 15,434.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2024 PROCESSING DATE May 06, 2024 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20241605 05-06-2024 $0.00 70211-430-73439-4 810 Refund freeze 02-09-2024 $0.00 766 Credit to your account 04-16-2024 -$2,600.00 766 Credit to your account 04-16-2024 -$9,095.00 768 Earned income credit 04-16-2024 -$4,995.00 971 Amended tax return or claim 05-11-2024 $0.00 forwarded for processing 977 Amended return filed 05-11-2024 $0.00 43277-534-68440-4 767 Reduced or removed credit to your 04-16-2024 $9,095.00 account 290 Additional tax assessed 20244804 12-17-2024 $0.00 71254-731-05739-4 971 Notice issued 12-17-2024 $0.00 I see that I had credits of $2,600, $9,095, and earned income credit of $4,995 back in April. Then there's code 767 showing "Reduced or removed credit" for $9,095, which looks like they took back one of my credits. I also filed an amended return in May (codes 971 and 977). Now today (Dec 17), I'm seeing these new codes - 290 for "Additional tax assessed" (but with $0.00 amount) and another 971 for "Notice issued". My account balance shows -$6,595.00 which I assume means they owe me that amount? What does all this mean? Is my refund coming soon? Should I be worried about the 767 code that took away some of my credit? And what notice are they sending me (971 code)? Getting really anxious since I really need this money.

Sayid Hassan

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Tax specialist here - let me break down these codes for you. Code 767 is a refund credit, 290 shows additional tax assessment, and 971 indicates a notice was sent. Usually when these appear together, it means the IRS is processing adjustments to your return. Rather than trying to decode these manually, I'd recommend checking out taxr.ai - it's this new AI tool that analyzes your entire transcript and explains exactly what's happening with your refund. It'll tell you the meaning of every code and when you can expect your money. Super helpful for situations like this where you're seeing multiple codes and aren't sure what they mean together.

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Rachel Tao

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just used taxr.ai and omg its actually legit. uploaded my transcript and it broke everything down, even predicted my DDD πŸ™Œ

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Derek Olson

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how much does it cost tho? tired of paying for stuff that doesnt work πŸ€”

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Rachel Tao

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like $15 i think? way cheaper than paying a tax person to look at it. plus it tells you exactly whats going on and what to do next

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Danielle Mays

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

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Roger Romero

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those codes were driving me nuts til i used taxr. saved me from calling irs and waiting 4 hours on hold fr fr πŸ’―

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Anna Kerber

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wait so is code 767 good news or nah?

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Sayid Hassan

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767 is usually good news - means a credit's being applied. but the combo with 290/971 can mean different things. taxr.ai can tell you exactly what's happening in your specific case

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Javier Cruz

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Those codes actually show progress! Code 767 means a refund was issued, 290 shows completed processing, and 971 is just a notice being sent. You should see your refund within 7-10 business days if direct deposit was selected. Congrats!

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Natasha Orlova

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omg thank you so much! πŸ™ been stressing about this for weeks

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Emma Thompson

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wait fr? i got the same codes yesterday was freaking out πŸ˜…

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Malik Jackson

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Instead of trying to decode these transcripts yourself, you should try taxr.ai - it's literally changed the game for me. For $1 it analyzes your entire transcript and tells you exactly what's happening and when to expect your refund. Here's the link: https://taxr.ai

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Isabella Costa

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sounds interesting. is it legit? how does it work exactly?

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Malik Jackson

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totally legit! you just upload your transcript and their AI breaks down everything - tells you what each code means, if there are any issues, and gives you a precise timeline

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Isabella Costa

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just tried it and WOW 🀯 wish i knew about this months ago instead of playing detective with these codes lol

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StarSurfer

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in the same boat rn... these codes are like trying to read hieroglyphics fr fr πŸ’€

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Ravi Malhotra

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Mine updated with those same codes last week and got my DD today! ur almost there!

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Natasha Orlova

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omg thats amazing! what bank do you use if you dont mind me asking?

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Ravi Malhotra

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I use chime, they usually drop it early πŸ‘Œ

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anyone else notice how the IRS makes this stuff impossible to understand on purpose? like just tell us whats happening in plain english smh

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Omar Hassan

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fr fr its giving gatekeeping vibes 🀑

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Chloe Robinson

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Has anyone gotten a 971 notice without the 767? Starting to worry...

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Diego Chavez

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yea thats different, might mean they need more info. check your mail

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Caesar Grant

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Looking at your transcript, you're actually in a pretty good spot! Your account balance of -$6,595 means the IRS owes you that amount. The 767 code removed the $9,095 credit but you still have the $2,600 and $4,995 EIC credits showing. Code 290 with $0.00 just means processing is complete, and 971 is likely just a standard notice explaining the changes. Since your amended return was filed in May and these final codes just posted, you should see your refund deposit within the next week or two. The waiting is the hardest part but you're definitely getting that money!

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Jayden Hill

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Based on your transcript, you're actually in great shape! The -$6,595 account balance means that's what the IRS owes you as a refund. Here's what happened: You originally had credits totaling $16,690 ($2,600 + $9,095 + $4,995 EIC), but the 767 code removed the $9,095 credit, leaving you with $7,595. Then they assessed additional tax of $1,000 (though it shows $0.00, the math suggests there was an assessment), bringing your final refund to $6,595. The 290 code with $0.00 means all processing is complete, and the 971 notice is just informing you of the final adjustments. Since these codes just posted on 12/17, you should see your refund deposit within 7-10 business days if you have direct deposit set up. The hardest part is over - your money is coming!

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Yara Nassar

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This breakdown is super helpful! I've been trying to figure out transcript codes for months and this makes so much sense. The math actually adds up when you explain it like that - I was getting confused seeing the $0.00 amounts but didn't realize there could still be underlying assessments affecting the balance.

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Yara Haddad

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Your transcript is actually showing really good news! That -$6,595 account balance means the IRS owes you that exact amount as a refund. Here's what I see happened: You originally had credits totaling about $16,690, but the 767 code removed the $9,095 credit (probably because it was incorrect or duplicated). The 290 code with $0.00 means all processing adjustments are complete, and the 971 is just a notice being sent to explain the final changes. Since these codes just posted on 12/17 and everything shows as processed, you should definitely see your refund hit your account within the next 1-2 weeks if you have direct deposit. The waiting is stressful but you're basically at the finish line now!

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StarSurfer

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This is exactly what I needed to hear! I've been losing sleep over these codes but your explanation makes perfect sense. Really appreciate you taking the time to break down the math - knowing that the -$6,595 balance is what they owe me and that processing is complete gives me so much relief. Just have to be patient for that direct deposit now 🀞

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I can see why you're stressed about these codes! Looking at your transcript, you're actually in a really good position. That negative account balance of -$6,595 is what the IRS owes YOU - it's your refund amount. The 767 code did remove that $9,095 credit (probably an error correction), but you still have your other credits. Code 290 with $0.00 just means they've finished processing all adjustments, and 971 is a standard notice they're sending to explain the changes. Since these codes just posted on 12/17 and show processing is complete, you should see your $6,595 refund deposit within 1-2 weeks with direct deposit. The hardest part is behind you now!

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Thank you so much for explaining this! I was literally panicking when I saw that 767 code thinking they were taking away my entire refund. Knowing that the -$6,595 is actually what they owe me makes me feel so much better. I do have direct deposit set up so hopefully I'll see it soon. Really appreciate everyone here helping decode these confusing codes! πŸ™

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Zoe Walker

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Those codes are actually really positive signs! Your account balance of -$6,595 means that's exactly what the IRS owes you as a refund. The 767 code removed that $9,095 credit (likely correcting an error or duplicate), but you still have your $2,600 credit and $4,995 EIC showing. Code 290 with $0.00 means all processing adjustments are finalized, and 971 is just them sending you a notice to explain what happened. Since these codes posted on 12/17 and everything shows as complete, you should see your $6,595 refund hit your account within 7-10 business days with direct deposit. The waiting game is almost over - your money is definitely coming!

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This is such a relief to read! I've been checking my transcript obsessively since those codes appeared and was so confused about what they all meant together. Your breakdown about the math makes total sense - I was getting scared when I saw the 767 removed that big credit but didn't realize I still had the other ones. Really hoping to see that deposit hit my account soon since I really need this money right now. Thanks for taking the time to explain it all!

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Ava Johnson

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Looking at your transcript, this is actually great news! That -$6,595 account balance means the IRS owes you exactly that amount as your refund. Here's what happened: You originally had credits of $2,600 + $9,095 + $4,995 EIC = $16,690 total. The 767 code removed the $9,095 credit (probably an error correction from your amended return), leaving you with $7,595. There must have been a small tax assessment that brought it down to your final refund of $6,595. The 290 code with $0.00 means all processing is complete, and 971 just means they're sending you a notice explaining the adjustments. Since these codes just posted on 12/17, you should see your refund deposit within 1-2 weeks if you have direct deposit set up. You're at the finish line now - that money is definitely coming your way!

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This breakdown is so helpful! I was getting really confused trying to figure out where that final $6,595 number came from but your math makes it crystal clear. It's such a relief to know that the 767 code removing that big credit doesn't mean I'm losing everything - just that they corrected an error. Really appreciate you explaining how the amended return process works with these codes. Now I just need to be patient for that direct deposit! 🀞

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Cass Green

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Looking at your transcript, you're actually in really good shape! That -$6,595 account balance is exactly what the IRS owes you as your refund. Here's what happened: You had multiple credits totaling around $16,690, but the 767 code corrected an error by removing the $9,095 credit (probably from your amended return processing). The 290 code with $0.00 means all adjustments are finalized, and 971 is just a notice explaining the changes. Since these codes posted on 12/17 and processing is complete, you should see your $6,595 refund within 7-10 business days with direct deposit. The anxiety-inducing part is over - your money is definitely on the way!

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Gael Robinson

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This explanation really puts my mind at ease! I've been stressing about these codes for days and was convinced something was wrong when I saw that 767 code. But knowing that it's just an error correction from my amended return and that the -$6,595 is actually what they owe me makes so much sense. I do have direct deposit so fingers crossed I see it soon! Thanks for breaking it down so clearly - this community is amazing for helping people understand these confusing transcript codes! πŸ™

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Looking at your transcript, you're definitely getting that refund! The -$6,595 balance means that's exactly what the IRS owes you. Here's what I see: You originally had credits totaling $16,690 ($2,600 + $9,095 + $4,995 EIC), but the 767 code removed the $9,095 credit - this was likely an error correction from when they processed your amended return. After some small adjustments, you're left with $6,595. The 290 code showing $0.00 means all processing is officially complete, and the 971 is just them sending you a notice to explain what happened. Since these codes just appeared on 12/17 and everything shows as finalized, you should see that money hit your account within 1-2 weeks if you have direct deposit. I know the waiting is stressful but you're literally at the finish line now! πŸŽ‰

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Jean Claude

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Wow, this is exactly what I needed to hear! I've been refreshing my bank account every few hours since I saw these codes appear. Your explanation about the 767 being an error correction makes total sense - I was so worried they were taking away my entire refund. Knowing that the -$6,595 is what they actually owe me and that processing is complete gives me so much hope. Really appreciate you taking the time to break down all the math! Now I just need to practice patience while waiting for that direct deposit πŸ˜…

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Your transcript is showing really positive news! That -$6,595 account balance means the IRS owes you exactly that amount as your refund. Here's what happened: You originally had credits totaling $16,690, but code 767 removed the $9,095 credit (likely an error correction from your amended return processing). You still have your $2,600 credit and $4,995 EIC showing. Code 290 with $0.00 means all processing adjustments are complete, and 971 is just a standard notice being sent to explain the changes. Since these codes just posted on 12/17 and everything shows as finalized, you should see your $6,595 refund deposit within 7-10 business days if you have direct deposit set up. The hardest part is behind you - your money is definitely coming! Try not to stress too much, these codes are actually good indicators that processing is complete. πŸ™

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Carter Holmes

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This is such a thorough explanation, thank you! I've been losing sleep over these codes since they appeared and was convinced something went wrong with my amended return. Your breakdown about the 767 being an error correction rather than them taking away my refund completely makes so much sense. I was getting really worried when I saw that $9,095 credit disappear but knowing I still have the other credits and that the -$6,595 is actually what they owe me is such a relief. I do have direct deposit so hopefully I'll see it within that 7-10 day window you mentioned. Really appreciate everyone in this community taking the time to help decode these confusing transcript codes! πŸ™

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Looking at your transcript, you're actually in a great position! That -$6,595 account balance is what the IRS owes YOU - that's your refund amount. Here's what happened: You originally had credits of $2,600 + $9,095 + $4,995 EIC = $16,690 total. The 767 code removed the $9,095 credit (likely correcting an error from your amended return), leaving you with the other credits. Code 290 with $0.00 means all processing is officially complete, and 971 is just them sending a notice to explain the adjustments. Since these codes just posted on 12/17 and processing is finalized, you should see your $6,595 refund hit your account within 1-2 weeks if you have direct deposit. I know the waiting is stressful, but you're at the finish line now! The hardest part is over and your money is definitely coming. Try to relax and check your bank account in a few days πŸ™

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TommyKapitz

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This gives me so much hope! I was literally having anxiety attacks looking at these codes thinking something terrible happened with my return. Your explanation about the math really helps - I didn't realize that the 767 removing that big credit was actually just fixing an error rather than taking away money I was supposed to get. The fact that the -$6,595 means they owe ME that amount is such a relief. I have direct deposit with Wells Fargo so hopefully I'll see it soon. Thank you for being so patient explaining all this - this community has been a lifesaver during this stressful process! πŸ™

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Bethany Groves

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Looking at your transcript, you're actually in really good shape! That -$6,595 account balance means the IRS owes you that exact amount as a refund. Here's what happened: You originally had credits totaling $16,690 ($2,600 + $9,095 + $4,995 EIC), but the 767 code removed the $9,095 credit - this was likely an error correction from your amended return processing. The 290 code with $0.00 means all processing adjustments are complete, and the 971 is just a notice being sent to explain the changes. Since these codes just posted on 12/17 and everything shows as finalized, you should see your $6,595 refund within 7-10 business days if you have direct deposit set up. I know the waiting is anxiety-inducing when you really need the money, but you're literally at the finish line now! The hardest part is over and your refund is definitely on the way. πŸ™

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Omar Zaki

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This is such a detailed and reassuring explanation! I've been checking my transcript obsessively since these codes appeared and was getting really panicked about what they all meant together. Your breakdown about the 767 being an error correction from the amended return makes total sense now - I was so scared they were taking away my entire refund. Knowing that the negative balance actually means they owe me that money is such a huge relief. I have direct deposit set up so I'll be watching for it to hit my account over the next week or so. Really grateful for everyone here taking the time to help newcomers like me understand these confusing codes! πŸ™

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