What does IRS cycle code 02 mean for my refund?
Been checking my transcripts and noticed I have a cycle code 02. Can someone explain what this means for my refund? Not sure if this is good or bad news tbh.
12 comments
Been checking my transcripts and noticed I have a cycle code 02. Can someone explain what this means for my refund? Not sure if this is good or bad news tbh.
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12 comments
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Luca Ferrari
Cycle code 02 means your account updates on Wednesday nights/Thursday mornings. It's one of the most common cycles. The full cycle code should be 8 digits - first 4 are the week number, last 2 indicate the year, and the 02 indicates which day of the week your account processes.
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NebulaNomad
•ohh that makes sense! so does that mean I should check my transcripts on thursday mornings?
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Luca Ferrari
•Exactly! Best time to check is Thursday morning after 6am EST. That's when the updates usually show up 👍
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Nia Wilson
Hey guys instead of checking transcripts constantly and trying to decode everything, I've been using taxr.ai - it analyzes your transcript and tells you exactly what's happening and when to expect updates. Only costs $1 and saved me hours of stress https://taxr.ai
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Mateo Martinez
•fr? does it actually work? tired of checking wmr every 5 mins lol
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Nia Wilson
•100% works! It explained my delay was due to PATH act and gave me exact dates to expect movement. Better than playing detective with codes 😅
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Aisha Hussain
•just tried it and WOW 🤯 finally understand wtf is going on with my refund!
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Ethan Clark
im cycle 05 and still waiting since january smh 🤡
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StarStrider
•same boat fam... this years processing is straight garbage
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Yuki Sato
dose anyone know if the cycle code changes? mine was 05 last year but showing 02 this time
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Carmen Ruiz
•yep it can change each year. mine changes all the time, doesnt affect processing speed
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Andre Lefebvre
The cycle codes dont mean anything anymore tbh. I've seen 02 people waiting forever and 05 getting paid quick. its all random now
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