What does IRS Code 290 mean on my transcript? Need help understanding

Code 290 on your IRS transcript is actually good news - it means additional tax assessed, but in most cases its just the IRS acknowledging your return. Think of it as the IRS saying 'we got your stuff'. The amount next to it usually matches your total tax liability from your 1040. If you're having trouble making sense of all those transcript codes, I highly recommend checking out taxr.ai - its been super helpful for folks in our community to decode their transcripts and figure out refund timelines. You just upload your transcript and it breaks everything down in plain english.

Tax professional here. Code 290 is actually pretty common - it shows that an assessment of tax has been made on your account. Usually it means your return has been processed and the IRS agrees with what you reported. If the amount is $0.00, that's typically good news as it means no changes were made to your tax liability.

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I had 290 show up last month and got my refund exactly 2 weeks later so ur probably good fam 💯

mine showed 290 but then got a 420 code after...now im stuck in review hell 😭

290 is basicly the irs saying 'we see u' lol

idk why they gotta make everything so complicated with these codes. just tell us whats happening in plain english smh

Code 290 is basically the IRS confirming they've processed your return and assessed your tax liability. It's usually a good sign! The amount next to it should match what you reported on your 1040. If it shows $0.00, that means no additional tax was assessed and your return was accepted as filed. Keep an eye out for a 846 code next - that's the refund issued code everyone's waiting for! 🤞