When Will My $10,892 IRS Refund Arrive? Filed 2/24, Only "As Of" Date Changed to 3/3/25, Cycle Code 20250605

I filed my 2024 taxes and my IRS transcript shows a negative account balance of -$10,892.00. Looking at my Account Transcript for Tax Period Dec. 31, 2024, the only thing that changed in the past week is the "AS OF" date, which is now showing Mar. 03, 2025. Everything else remains exactly the same, including the 150 code (Tax return filed) from 02-24-2025 with cycle 20250605. I just received my IRS Account Transcript that states "This Product Contains Sensitive Taxpayer Data" at the top and bottom. It's from the Internal Revenue Service, United States Department of the Treasury. My transcript shows the following detailed information: - FORM NUMBER: 1040 - TAX PERIOD: Dec. 31, 2024 - ACCOUNT BALANCE: -$10,892.00 (the minus sign signifies a credit amount according to the transcript) - ACCRUED INTEREST: $0.00 AS OF: Mar. 03, 2025 - ACCRUED PENALTY: $0.00 AS OF: Mar. 03, 2025 - ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$10,892.00 Under the RETURN INFORMATION section, it shows: - RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER): Apr. 15, 2025 - PROCESSING DATE: Feb. 24, 2025 The TRANSACTIONS section shows: - Code 150: Tax return filed, CYCLE 20250605, DATE 02-24-2025 - Transaction ID: 76219-422-28007-5 - Code 806: W-2 or 1099 withholding, DATE 04-15-2025 - Code 766: Credit to your account, DATE 04-15-2025 - Code 768: Earned income credit, DATE 04-16-2025 The account balance shows -$10,892.00 with $0.00 in accrued interest and $0.00 in accrued penalty (as of Mar. 03, 2025). I'm starting to get worried about when I'll see my refund since nothing has changed except the AS OF date. I've been checking the Where's My Refund tool but it still just says my return is being processed. Does anyone know what this means for my refund timeline? Has anyone experienced similar transaction codes with their refund? I'm especially curious about what the cycle code 20250605 means for when I might receive my money. It's a significant amount and I had plans for using it.

0 coins

14 comments

Zainab Abdulrahman

•10M

Your tax transcript shows a confirmed refund amount of $10,892.00, indicated by the negative balance in your account. The key elements supporting this are: The processing date of February 24, 2025 (shown with code 150) confirms your return has been officially processed by the IRS. Three main credits are contributing to your refund: - Code 806: Your tax withholdings from W-2/1099 forms - Code 766: Additional tax credits - Code 768: Earned Income Credit (EIC) The March 3, 2025 "AS OF" date is simply an internal IRS processing marker and its updates don't impact your refund timeline. There are no penalties or interest accruing ($0.00 shown for both), which is normal for a refund situation. Your return is well within the normal processing window, as the due date is April 15, 2025. Since your processing date was February 24, you should expect movement on your refund within 21 days of that date, assuming no additional verification is needed. The cycle code 20250605 indicates your account updates occur in the 6th processing cycle of the week.

0 coins