When Will I Get My $7,781 HoH Refund - 2024 Transcript Shows February Processing Date But April Credit Dates
I'm looking at my transcript and I'm confused about all the different dates I'm seeing. Looking at the information: ** INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 03 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 18,501.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 2,579.00 SE TAXABLE INCOME TAXPAYER: 16,853.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 2,579.00 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 20250602 02-24-2025 $3,679.00 76211-430-78344-5 766 Credit to your account 04-16-2025 -$3,500.00 768 Earned income credit 04-16-2025 -$7,960.00 This Product Contains Sensitive Taxpayer Data My processing date shows February 24, 2025, but there's also an April 15, 2025 date listed for "Return Due Date." I filed as Head of Household with 3 exemptions, and my AGI is $18,501.00 with $0.00 taxable income. I have self-employment tax of $2,579.00 from my SE taxable income of $16,853.00. The transcript shows a credit to my account of -$3,500.00 and an earned income credit of -$7,960.00, both dated 04-16-2025. There's also a tax return filed transaction (code 150) dated 02-24-2025 for $3,679.00 in cycle 20250602. I'm trying to understand what all these dates mean and when I might actually receive my refund. The processing date is in February, but the credits are dated in April. Does this mean I won't get my refund until April even though my return was processed in February? Or does the cycle date of 20250602 mean something else entirely? Can someone help me understand when I might actually receive my refund based on all these dates and transactions? I'm expecting around $7,781.00 back ($3,500.00 + $7,960.00 - $3,679.00), but I'm not sure when to expect it with all these different dates on my transcript.
13 comments
Anita George
Your tax transcript shows several key elements that explain your refund timeline. The return was processed on February 24, 2025, with a self-employment tax liability of $2,579 based on your SE income of $16,853. While your AGI is $18,501, your taxable income is $0, meaning you only owe the self-employment tax portion. Two significant credits are scheduled to post on April 15, 2025: - A $2,400 credit (code 766) - An Earned Income Credit of $6,960 (code 768) When combined, these credits of $9,360 minus your SE tax of $2,579 result in a total expected refund of $6,781. Your cycle code 20250602 indicates you're in processing cycle 06 of 2025, which is important for tracking weekly updates. The transaction code 150 confirms your return has been processed and the tax amount has been assessed. The April 15 date for credits is standard for the tax year and doesn't necessarily mean you'll wait until then for your refund - it's often received earlier once processing is complete.
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Austin Leonard
So does that mean I have to wait until April to get my refund? 😩
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Anita George
No, those April dates are just placeholder dates. You should see movement much sooner.
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Abigail Spencer
Hey, instead of trying to decode these numbers yourself, you should try taxr.ai - its only $1 and it analyzes your entire transcript. Saved me hours of googling and reddit searches lol https://taxr.ai
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Logan Chiang
fr? does it actually work? sounds too good to be true
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Abigail Spencer
100% legit. It broke down everything and told me exactly when to expect my refund. Even caught some errors I wouldnt have noticed 💯
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Isla Fischer
Just tried it myself, wish I knew about this sooner! It explained everything way better than any IRS agent I talked to
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Miles Hammonds
Congrats on that sweet EIC tho! 🎉
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Ruby Blake
Your in the same boat as me. Self employed and waiting on that refund to hit 😤
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Austin Leonard
the waiting is killing meee
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Micah Franklin
looks like a normal processing timeframe for SE returns tbh. They always take longer than W2 only returns
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Ella Harper
idk why the irs makes these transcripts so confusing fr. Its like they want us to mess up 🤡
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PrinceJoe
ong these dates be having me stressed out every year ðŸ˜
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