When Will My $8,158 Refund Process? IRS Transcript Shows Codes 766/768 With April 17, 2025 Date

I got my 2024 transcript today and I noticed codes 766 and 768 with dates of 4-17-2025. According to my transcript, I filed as Head of Household with an Adjusted Gross Income of $31,491.00 and taxable income of $9,591.00. The transcript shows my total refund should be $8,158.00 ($3,042.00 from code 766 and $5,116.00 from code 768 Earned Income Credit). Looking at the processing dates, my return was processed on Mar. 03, 2025 (cycle 80221-429-82708-5), and the transcript shows both credits are dated for Apr. 17, 2025. My account balance shows -$8,158.00 with $0.00 in accrued interest and penalties as of Mar. 03, 2025. Here's what my transcript shows: Internal Revenue Service United States Department of the Treasury This Product Contains Sensitive Taxpayer Data Request Date: 02-08-2025 Response Date: 02-08-2020 Tracking Account Transcript FORM NUMBER: 1040 TAX PERIOD: Dec. 31, 2024 ACCOUNT BALANCE: -8,158.00 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): -8,158.00 INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 31,491.00 TAXABLE INCOME: 9,591.00 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 Mar. 03, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250701 03-03-2025 $0.00 80221-429-82708-5 766 Credit to your account 04-17-2025 -$3,042.00 768 Earned income credit 04-17-2025 -$5,116.00 Can someone explain what these codes mean specifically (766 and 768) and when I might expect to receive my $8,158.00 refund? I'm confused because even though my return was processed on March 3rd, the credits are dated for mid-April. Does this mean I won't get my refund until April 17th? The transcript says my return due date/received date is Apr. 15, 2025, if that matters for the timing.

0 coins

26 comments

StarSurfer

Hey there! 766/768 codes with April 15 date usually means you're getting interest payment (768) and a refund credit (766). The IRS processes these around mid-late March, with deposits hitting accounts 1-2 weeks before the April 15 date. I recommend checking out taxr.ai (https://taxr.ai) - its really good at analyzing these codes and giving you exact dates to expect your refund. The tool saved me hours of trying to decode my transcript and gave me peace of mind about when my money would actually show up.

0 coins

- 1M

Harper Collins

Your transcript shows a total refund of $8,158 made up of two key components: a credit of $3,042 (code 766) and an Earned Income Credit of $5,116 (code 768). As a Head of Household filer with an Adjusted Gross Income of $31,491 and taxable income of $9,591, you qualify for both credits. The processing date of March 3, 2025 (cycle 80221-429-82708-5) is the important date to focus on, not the April 15, 2025 dates shown for the credits - those are standard placeholder dates used by the IRS. Your return has been processed (indicated by code 150) with no pending issues, holds, or additional processing codes. Since your transcript shows a clean processing with a negative account balance of $8,158 (negative numbers indicate money owed to you) and zero penalties or interest, you should expect your refund within 7-21 days from the March 3rd processing date. The absence of any additional transaction codes suggests there are no delays or reviews holding up your refund.

0 coins

- 1M