When Will My $11,404 IRS Refund Arrive? Transcript Shows Feb 24 Processing Date with April 15 Credit Dates

Looking at my transcript for my 2024 tax return, I see a processing date of Feb 25, 2025. Does this mean I'll get my refund on that date? Or is it just when it updates? My refund shows exactly -$12,404.00 which includes my EIC of -$8,830.00, withholding credits of -$1,170.00, and additional credits of -$3,404.00. I filed as Head of Household with 4 exemptions, and my adjusted gross income was $19,193.00 with $0.00 taxable income. Here's what my transcript shows: Internal Revenue Service United States Department of the Treasury This Product Contains Sensitive Taxpayer Data Request Date: 02-07-2025 Response Date: 02-07-2025 Record of Account FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2024 TAXPAYER IDENTIFICATION NUMBER: [redacted] ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: -12,404.00 ACCRUED INTEREST: 0.00 AS OF: Feb. 25, 2025 ACCRUED PENALTY: 0.00 AS OF: Feb. 25, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -12,404.00 ** INFORMATION FROM THE RETURN OR AS ADJUSTED ** EXEMPTIONS: 04 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 19,193.00 TAXABLE INCOME: 0.00 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, 2025 PROCESSING DATE Feb. 25, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250605 02-25-2025 $0.00 16221-423-81496-5 806 W-2 or 1099 withholding 04-16-2025 -$1,170.00 766 Credit to your account 04-16-2025 -$3,404.00 768 Earned income credit 04-16-2025 -$8,830.00 The transcript shows my return was filed with code 150 on cycle 20250605, and all my credits are dated for 04-16-2025 including my W-2 withholding (code 806), earned income credit (code 768), and other credits (code 766). I'm just trying to understand if this processing date means that's when I'll actually receive my refund, or if it's just a system update date? Does the Feb 25, 2025 processing date mean I have to wait until then to get my money? Or does the IRS send refunds before the processing date?

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14 comments

Val Rossi

Your tax transcript shows a total refund of $11,404.00, broken down into three main components: $7,830.00 in Earned Income Credit (Code 768), $1,070.00 in W-2 withholdings (Code 806), and $2,504.00 in additional credits (Code 766). The February 24, 2025 processing date indicates when the IRS expects to complete their review of your return, not your actual refund date. Looking at your financial details, you filed as Head of Household with 4 exemptions, reporting an adjusted gross income of $19,193.00 with $0.00 taxable income. Your cycle code 20250605 suggests your return is being processed in the 6th week of 2025. All credits are dated April 15, 2025, which is the standard due date for 2024 tax returns. Important to note: The processing date of February 24, 2025, typically means your refund would be issued 5-7 days after this date, assuming no additional reviews are needed. Your account shows no accrued interest or penalties, indicating a clean processing status. The negative amounts (-$11,404.00) in your transcript represent credits due to you, not amounts you owe.

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- 1M