$560 EIC Refund Shows "Issued" on 4/5 Transcript (Code 846) But Not Received - When Will It Arrive?

I need help understanding my 2022 tax transcript. I filed as Single with an AGI of $8,423.00 and my transcript shows codes 150, 768, and 846. I'm trying to figure out where my refund is. My transcript from the Internal Revenue Service (United States Department of the Treasury) shows the following: Request Date: 04-06-2023 Response Date: 04-06-2023 Tracking Number: (removed for privacy) FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2022 ACCOUNT BALANCE: 0.00 ACCRUED INTEREST: 0.00 AS OF: Apr. 18, 2023 ACCRUED PENALTY: 0.00 AS OF: Apr. 18, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): 0.00 INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 01 FILING STATUS: Single ADJUSTED GROSS INCOME: $8,423.00 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, 2023 PROCESSING DATE: Apr. 18, 2023 TRANSACTIONS: CODE | EXPLANATION OF TRANSACTION | CYCLE | DATE | AMOUNT 150 | Tax return filed | 20231305 | 04-18-2023 | $0.00 70211-475-20030-3 768 | Earned income credit | 04-16-2023 | -$560.00 846 | Refund issued | 04-06-2023 | $560.00 For the EIC, it shows -$560.00 on 04-16-2023 (code 768), and a refund issued of $560.00 on 04-06-2023 (code 846). My transcript shows an account balance of $0.00 with no accrued interest or penalties as of April 18, 2023. My return was processed on April 18, 2023 (cycle 20231305), and while the transcript shows the refund was issued (code 846) on 04-06-2023 for $560.00, I haven't received anything in my account yet. My taxable income shows as $0.00 with no self-employment tax. Can someone explain what these codes mean, particularly 150, 768, and 846, and when I should expect my $560.00 refund to hit my account? The transcript shows it was already issued but I'm concerned since I haven't seen it. The document says "This Product Contains Sensitive Taxpayer Data" at the bottom, so I'm wondering if there's something I'm missing about how to interpret these codes.

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12 comments

Anna Xian

•10M

Your tax transcript shows a clear timeline of your 2022 return processing. You filed as Single with an AGI of $7,323.00, which resulted in zero taxable income. The transcript indicates three key transactions: 1. Code 150 (04-17-2023): This confirms your return was processed, with a cycle code of 20231305 2. Code 768 (04-15-2023): Shows your Earned Income Credit of $560.00 3. Code 846 (04-05-2023): Indicates a refund issued for $560.00 Something seems unusual here - while the refund issuance date (04-05-2023) is shown, it's dated before the return processing date (04-17-2023). This timing discrepancy might explain why you haven't received your refund yet. The transcript confirms you have no outstanding balance, penalties, or interest as of April 17, 2023. Given that it's now past the processing date, you should: - Verify your banking information on the return - Contact your bank to check for any pending deposits - If no resolution, contact the IRS directly as the refund should have been received by now The cycle code 20231305 indicates this was processed in the 13th week of 2023, which aligns with the mid-April timeframe.

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