What's the difference between IRS transcript codes 766 and 768? Are they separate payouts?
I'm looking at my transcript and noticed both codes 766 and 768. Can someone explain what these mean and if they're different payouts? Or does it all come together in one refund? Just trying to figure out what to expect and when.
13 comments
Jade Lopez
Transaction Code 766 is for credits applied to your account (like earned income credit, child tax credit, etc) while 768 is specifically for the Earned Income Credit. If you see both, it means you're getting different types of credits. They'll all come together in your final refund amount - it's not separate payments. The total refund will be the sum of all your credits minus any adjustments or debts.
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Arjun Patel
oh that makes sense! So the 768 is just breaking down where part of my refund is coming from?
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Jade Lopez
Exactly! Its just showing you the breakdown. You'll get everything together in one payment 👍
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Tony Brooks
hey guys instead of trying to decode these transcript codes manually, i started using taxr.ai and its been a game changer. it costs like a buck but it explains everything in plain english and even gives you estimated deposit dates. https://taxr.ai
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Ella rollingthunder87
Does it actually work? Seems too good to be true tbh 🤔
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Tony Brooks
100% works! I was skeptical too but it literally saved me hours of googling and guessing. It reads your whole transcript and explains everything
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Ella rollingthunder87
just tried it and holy cow where has this been all my life?! So much better than playing detective with google searches 💯
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Yara Campbell
im in the same boat rn, got both codes on my transcript and been confused af about it all week lol
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Isaac Wright
Don't forget 846 is the one you really wanna see - thats when ur getting paid 🤑
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Arjun Patel
still waiting on that magic 846 to show up 😭
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Maya Diaz
mine had both codes last year.got everything in one deposit bout a week after the 846 code showed up
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Tami Morgan
The IRS website is literally the most confusing thing ever created i stg
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Rami Samuels
fr fr its like they purposely make it impossible to understand 🤡
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