Understanding My IRS Transcript: Filed March 2025, Codes 150/766/768 - When Will I Receive My $5,913 Refund?

Can someone help me understand my transcript? Looking at my tax return filed on 03-04-2025 (code 150) showing $855.00, then I see a credit (code 766) of -$1,800.00 and an earned income credit (code 768) of -$4,313.00 dated 04-16-2025. I'm trying to figure out what my refund amount will be and when I'll get it. The return due date shows as Apr. 15, 2025, and there's a processing date of Mar. 03, 2025. Really confused about all these numbers and dates. Here's my full transcript details: EMPLOYMENT TAX: 855.00 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 20250705 03-04-2025 $855.00 76211-431-48411-5 766 Credit to your account 04-16-2025 -$1,800.00 768 Earned income credit 04-16-2025 -$4,313.00 This Product Contains Sensitive Taxpayer Data I'm having trouble understanding what all these codes mean and how they relate to my refund. The cycle number 20250705 - is that important? What does the 76211-431-48411-5 number represent? My main questions are: 1. Does this mean my total refund will be $6,113.00 ($1,800 + $4,313)? 2. Since the credit dates show 04-16-2025, does that mean I won't get my refund until then? 3. Is there anything else I need to do, or do I just wait? 4. Why does it say "Tax return filed" with an amount of $855.00? Is that what I owe or what I paid? Can someone break this down and help me understand what I'm looking at and when I should expect my refund? I'm really confused by all these codes and dates on the transcript.

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13 comments

Emma Wilson

Your tax transcript shows a total employment tax liability of $755.00 (Code 150), which was filed on March 3rd, 2025. You're eligible for two significant credits that reduce this liability: a $1,700 credit (Code 766) and an Earned Income Credit of $4,213 (Code 768), both scheduled to be applied on April 15th, 2025. The cycle code 20250705 indicates your return is being processed in the 7th week of 2025, on the 5th day. When calculating your refund, subtract your tax liability from the total credits ($1,700 + $4,213 - $755), which equals $5,158. Your processing date of March 3rd, 2025, combined with your cycle code, suggests your refund should be issued within 1-2 weeks of the processing date, assuming no additional reviews are needed. The reference number 76211-431-48411-5 is your unique transaction identifier for the credit. While the credits show an April 15th date, this is a standard end-of-tax-year posting date and doesn't affect your actual refund timing, which is based on the March 3rd processing date.

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