IRS Transcript Showing Code 571 Last Week and 846 Code Dated for Next Week - Refund Finally on the Way After Freeze?
Just checked my transcript and saw some movement finally. Got a 571 code last week and now showing 846 code dated for next week. Can someone tell me what this means? Is this good news? Here's what my account transcript shows right now: FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2022 ACCOUNT BALANCE: 0.00 ACCRUED INTEREST AS OF: Jun. 13, 2023: 0.00 ACCRUED PENALTY AS OF: Jun. 13, 2023: 0.00 FILING STATUS: Head of Household EXEMPTIONS: 03 ADJUSTED GROSS INCOME: 0.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 0.00 SE TAXABLE INCOME TAXPAYER: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 RETURN DUE DATE OR RETURN RECEIVED DATE: Apr. 15, 2023 PROCESSING DATE: May 15, 2023 TRANSACTIONS: CODE EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT 150 Tax return filed | 20231705 | 05-15-2023 | $0.00 75221-432-73750-3 806 W-2 or 1099 withholding | | 04-15-2023 | -$3,550.00 810 Refund freeze | | 03-09-2023 | $0.00 766 Credit to your account | | 04-15-2023 | -$1,240.00 768 Earned income credit | | 04-15-2023 | -$6,840.00 766 Credit to your account | | 04-15-2023 | -$1,050.00 971 Amended tax return or claim forwarded for processing | | 05-14-2023 | $0.00 977 Amended return filed | | 05-14-2023 | $0.00 971 Amended tax return or claim forwarded for processing | | 05-15-2023 | $0.00 977 Amended return filed | | 05-15-2023 | $0.00 I see the 810 code showing a refund freeze from March, but now I've got the 571 code last week and today I'm seeing an 846 code dated for next week. Does this mean my refund is finally on the way? I filed an amended return which looks like it was processed in mid-May. I'm really hoping this means good news after waiting for so long!
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Zoe Wang
Don't get 2 excited yet! I had these codes show up last week but no deposit yet. The IRS be playing games fr fr 🤡
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Connor Richards
•nah fam, 846 is basically a garuantee. if you got that code your money is otw no cap
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Zoe Wang
•hope ur right, these bills ain't paying themselves 😩
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Isabella Tucker
Those codes are actually good news! Code 571 means the IRS reversed a previous hold on your account, and 846 is the refund issued code. The 846 date shown is when your refund should hit your bank account. If you want a really detailed analysis of your transcript with predicted refund dates and potential holdups, check out taxr.ai - its helped alot of ppl in this sub understand their transcripts better. It basically reads all your codes and tells you exactly whats happening and when to expect your $$.
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Jayden Hill
•fr fr? my transcript has those same codes but the dates are different. gonna try that taxr thing rn 🤔
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LordCommander
•how accurate is taxr.ai? been waiting since march and im tired of guessing
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Isabella Tucker
•its pretty spot on tbh. it looks at all your codes and dates and tells you exactly whats happening. saved me hours of googling random irs codes 💯
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LordCommander
•Just used taxr.ai and here's what I got back: The AI spotted my delay was from missing W2 info but says my 571/846 combo means money coming in 5-7 days!
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Lucy Lam
•same boat fam! got my refund exactly when taxr said i would 🙌
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Aidan Hudson
•yo does it work with amended returns too? been waiting forever on mine ðŸ˜
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Isabella Tucker
•yep! it handles everything - amended returns, audits, notices, all that fun stuff lol
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Connor O'Reilly
Yes! This is great news! Code 846 is your refund issued date. The 571 means they resolved whatever hold was on your account. Your money should hit your account on the date listed with the 846 code 🎉
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Zainab Yusuf
•omg thank you!! been waiting 8 months, cant believe its finally happening ðŸ˜
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Yara Khoury
•congrats! im still stuck on 570, hopefully ill join u soon
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Keisha Taylor
Instead of trying to decode these transcript codes yourself, you should try taxr.ai - its only $4.99 and the AI reads your whole transcript and tells you exactly whats happening and when youll get paid. Way better than playing detective https://taxr.ai
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StardustSeeker
•interesting... does it actually work? seems too good to be true
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Keisha Taylor
•Yeah its legit! Just upload your transcript pdf and it explains everything in plain english. Saved me hours of googling
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StardustSeeker
•Just tried it - holy cow this thing is amazing! It found stuff in my transcript I never would have noticed and gave me an exact timeline. Worth every penny 💯
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Paolo Marino
Your in the home stretch! make sure your bank info is correct in the system
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Amina Bah
took me 13 months to see those codes but when i did the $ was there exactly on that date
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Zainab Yusuf
•13 months?! omg thats crazy, glad u finally got it
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Oliver Becker
Anyone know if the deposit date is always accurate? Mine shows next wednesday
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Natasha Petrova
•usually hits 1-2 days early if u have direct deposit
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Javier Hernandez
idk why everyone says its good news, i had those codes show up 3 times and still no refund 🤡
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Emma Davis
•bruh what? thats not normal at all. u should call the tax advocate
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Javier Hernandez
•been trying for weeks, cant get thru 😤
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Logan Greenburg
Code 571 means they lifted the freeze on your account and 846 is the actual refund issuance! Based on your transcript, looks like the 810 freeze from March got resolved. The 846 date is usually pretty accurate - that's when it should hit your account. After 8+ months of waiting, you're finally in the clear! 🎉 Just make sure your direct deposit info is still current in case they need to update anything.
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Salim Nasir
•This is such a relief to hear! I've been checking my transcript obsessively for months. Quick question - does the 846 date usually mean the exact day it hits your account or could it be a day or two earlier? I'm trying not to get my hopes up too much but after waiting since March I'm so ready for this nightmare to be over 😅
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Nia Davis
Congrats! Those are definitely the codes you want to see! 🎉 The 571 code means the IRS released whatever hold was on your account (that 810 freeze from March), and 846 is the golden ticket - that's your refund being issued. The date next to the 846 is when it should hit your bank account, usually pretty accurate within 1-2 days. After waiting since March with that freeze, you're finally at the finish line! Just double check that your bank info is still correct in case anything changed since you filed. Been through this myself and those codes delivered exactly when promised!
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