Help Understanding My IRS Transcript: Refund Freeze/Release, $9,694 Refund Issued 11/22 With Interest
I got my transcript from the IRS but i have no idea what im looking at. theres all these codes and dates and amounts that dont make any sense to me. Here's what my transcript shows: Internal Revenue Service United States Department of the Treasury This Product Contains Sensitive Taxpayer Data Request Date: 11-15-2024 Account Transcript ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: 0.00 ACCRUED INTEREST: 0.00 AS OF: Dec. 02, 2024 ACCRUED PENALTY: 0.00 AS OF: Dec 02. 2024 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): 0.00 INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 21,450.00 TAXABLE INCOME: 650.00 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 Dec. 02. 2024 TRANSACTIONS CODE EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT 150 Tax return filed | 20244605 | 12-02-2024 | $0.00 30211-429-98482-4 810 Refund freeze | | 02-08-2024 | $0.00 811 Removed refund freeze | | 02-08-2024 | $0.00 766 Credit to your account | | 04-15-2024 | -$2,700.00 768 Earned income credit | | 04-16-2024 | -$7,704.00 846 Refund issued | | 11-22-2024 | $9,694.94 776 Interest credited to your account | | 12-02-2024 | -$490.94 Can someone explain what im supposed to be looking for to know when ill get my refund? its been 3 months already and im getting worried. What does "Refund freeze" mean and why was it added and then removed in February? I filed as Head of Household with 3 exemptions if that helps. Also, what's this interest amount at the bottom? Does that mean they're paying me extra because it took so long?
13 comments
Samantha Johnson
IRS transcripts can be pretty confusing without knowing what to look for. The main things you want to check are the cycle codes, transaction codes (like 150, 570, 571, 846), and the dates associated with them. But without seeing your specific transcript, it's hard to give exact guidance. What codes are you seeing?
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Santiago Martinez
I see a 570 and 971 from last week. Does that mean theres a problem?
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Samantha Johnson
570 is typically a hold on your account and 971 means they sent you a notice. Check your mail, they should be sending you a letter explaining why
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Nick Kravitz
Instead of trying to decode everything yourself, you should try taxr.ai - it analyzes your transcript and tells you exactly whats going on and when you'll likely get paid. Its only $1 and totally worth it tbh https://taxr.ai
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Hannah White
is this legit? seems too good to be true
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Nick Kravitz
100% legit! Used it last week and it told me exactly when my deposit would hit. Way better than trying to figure it out yourself
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Hannah White
just tried it and wow 🤯 wish i knew about this months ago fr fr
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Michael Green
lol welcome to the club 🤡 been trying to understand these stupid transcripts for 6 months
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Mateo Silva
The IRS website is literally the most confusing thing ever created istg
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Victoria Jones
fr fr its like they made it confusing on purpose 💀
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Cameron Black
Check your cycle code - its that 8 digit number on the right. First 2 digits tell you what day of the week updates happen
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Santiago Martinez
mines 20231605 what does that mean?
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Cameron Black
05 means you update on thursdays. check your transcript friday mornings
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