When Will I Get My $6,547 Refund with Cycle Code 20250605? Transcript Shows EIC, Feb 24 Processing Date, and April 15 Credit Dates

I got my transcripts and trying to figure out my refund date. My cycle code is 20250605 and I see my account balance is -6,547.00 but idk what any of this means? Looking at my transcript in detail: ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT --- ACCOUNT BALANCE: -6,547.00 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) -6,547.00 ** INFORMATION FROM THE RETURN OR AS ADJUSTED ** EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 19,170.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 2,914.00 SE TAXABLE INCOME TAXPAYER 19,049.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 2,914.00 RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2025 PROCESSING DATE Feb. 24, 2025 TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250605 02-24-2025 $2,914.00 76211-424-74432-5 766 Credit to your account 04-15-2025 -$2,501.00 768 Earned income credit 04-15-2025 -$6,960.00 This Product Contains Sensitive Taxpayer Data I filed as Head of Household with 3 exemptions, and my adjusted gross income was 19,170.00. My taxable income shows 0.00, but I had self-employment tax of 2,914.00 on my SE taxable income of 19,049.00. I see there's a processing date of Feb. 24, 2025, and the transcript shows credits including -2,501.00 (code 766) and earned income credit of -6,960.00 (code 768). The account balance section shows -6,547.00 with no accrued interest or penalties as of Mar. 03, 2025. Can someone break this down for me and tell me when I should expect my refund? I notice there's a date of Apr. 15, 2025 listed for both the "Credit to your account" and "Earned income credit" transactions, but I'm not sure if that's when I'll actually get the money. Is the cycle code 20250605 important for determining my refund date?

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22 comments

Miguel Ramos

Hey there! Looking at your cycle code 20250605 with Feb 24 processing date, you should see your refund deposit by March 1st at the latest. The IRS is actually moving pretty quickly this year with the 6547 credits. One tool that's been super helpful for a lot of folks is taxr.ai (https://taxr.ai) - it analyzes your transcript and gives you a really detailed breakdown of when you'll get paid and any potential holdups. Much better than playing the waiting game and checking WMR every 5 minutes lol

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Tate Jensen

Your transcript shows a total refund of $6,547, which is calculated from several key components. Your earned income credit of $6,960 and tax credit of $2,501 total $9,461 in credits, offset by your self-employment tax of $2,914 on your SE income of $19,049. The cycle code 20250605 indicates where your return falls in the IRS processing schedule - specifically the 6th week of 2025, processed on a Thursday (05). Your return was initially processed on February 24, 2025, with credits scheduled to post on April 15, 2025. As a Head of Household filer with 3 exemptions, your adjusted gross income of $19,170 resulted in $0 taxable income, though you still owe the self-employment tax. The transcript confirms no penalties or interest have accrued as of March 3, 2025. Based on the credit posting date of April 15, 2025, you can typically expect your refund to be issued approximately one week later, around April 22, 2025. The negative balance of $6,547 represents the amount the IRS will refund to you.

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