What does code 806 mean?? Do we get that money in our return or do they take it? If I add it to my bottom return amount it’s what I’m supposed to get so I’m confused.

Let me clarify what code 806 means on your transcript - it's the amount of withholding credits (basically the taxes taken out of your paychecks throughout the year). This IS part of your refund calculation. The 806 amount gets added to any other credits you might have, then the IRS subtracts what you owe to determine your final refund. If you're having trouble making sense of all these codes and numbers, I'd highly recommend checking out taxr.ai - it's this new AI tool that breaks down your transcript and tells you exactly what each code means and how it affects your refund. Way easier than trying to decode everything yourself.

I found a way to solve understanding IRS code 806 meaning, watch this: https://www.youtube.com/watch?v=R6pKqQOw70Q

806 is what was withheld from your paychecks. Add up all credits including the 806 code and minus the 150 code and it will give you your refund amount.

806 is what was withheld from your paychecks. Add up all credits including the 806 code, subtract the 150 code. The total will be your refund amount.

How do you know when it will be here I’m so confused

It's the total of your withholding (Form 1040, page two, line 25d).  Withholding is generally collected throughout the year, and it's considered tax paid on time.

Right, like everyone else says its 806 is acknowledging you filed your return, the amount listed is what you had withheld from your paycheck for the year.

Had the same code and thats what it meant for me as well, was the total my employers subtracted from my pay and sent to the IRS for the year.

806 is just acknowledgement of an efile of your taxes The money portion is the amount of withholding you paid in and are getting back.

All of us get code 806, It’s just showing you the total you paid in taxes for the year out of your paycheck. Make sure that amount matches your paperwork from your employer. You should be seeing an 846 code when your refund is sent, but the withheld amount on the 806 code will not be the refund amount.

When code 806 is negative the amount is the represents the excess withholding tax withheld from employers and other sources of income subject to withholding. The account balance (when negative) represents the current refund as of that date. If there are outstanding notices issued and further information requested from the IRS, the refund amount could change.

I filed in Jan and still waiting for my refund I got 5 letters stating reviewing me but never explained reviewing me for what

Can’t get a hold of anyone in the irs and when I do they hang up on me

To all those having trouble reaching a human at the IRS. I just ran across this video that gave me a shortcut to reach a human. Hope it helps! https://youtu.be/wMf29SmRU-I

Is the 806 code my refund amount

No, the 806 code is NOT your refund amount - it's the total amount of federal taxes that were withheld from your paychecks throughout the year. Think of it as money you already paid to the IRS. Your actual refund is calculated by taking all your credits (including that 806 withholding amount) and subtracting what you actually owe in taxes. The refund amount will show up as an 846 code when it's processed and sent out.

Code 806 represents the total federal income tax withheld from your paychecks during the year - it's basically a record of taxes you've already paid. This amount gets credited toward your tax liability, but it's NOT your actual refund amount. Your refund is calculated by taking your total tax liability and subtracting all payments/credits (including the 806 withholding). So if you add the 806 amount to your expected refund and it matches what you think you should get, that suggests your withholding covered most of your tax bill. Look for code 846 on your transcript - that's when your actual refund gets issued!

Just went through this same confusion last month! Code 806 is definitely the amount withheld from your paychecks throughout the year - it's money you already paid to the IRS. When you add it to your bottom line refund amount and it equals what you expect, that's actually a good sign! It means your withholdings are covering your tax liability properly. The 806 amount gets applied as a credit against what you owe, and whatever's left over becomes your refund (which will show up as code 846 when it's processed). So you're not getting the 806 amount ON TOP of your refund - it's already factored into the calculation. Hope that clears things up!

The 806 code can definitely be confusing at first! To put it simply - code 806 shows the total federal income tax that was withheld from your paychecks throughout the year. This is money you've already paid to the IRS, so it acts as a credit on your account. When you're calculating your refund, the IRS takes all your credits (including that 806 withholding amount) and subtracts your actual tax liability. Whatever's left over becomes your refund. So if adding the 806 amount to your expected refund gives you the total you think you should get, that suggests your math is on track! Just remember to look for code 846 on your transcript - that's when your actual refund gets sent out. The 806 is just showing the IRS recognizes the payments you already made through payroll deductions.