Understanding My $8,509 Tax Refund: February Processing Date vs April Credit Dates on IRS Transcript

I just got my transcript and I'm trying to understand all these dates and codes for my refund. I've attached a screenshot of my Internal Revenue Service Account Transcript that I received. The transcript shows a total refund amount of $8,509.00 (listed as a negative balance under ACCOUNT BALANCE), but I'm confused about the timing. According to my transcript, the Request Date was 02-07-2025 and Response Date was also 02-07-2025. Here's what my transcript shows: FORM NUMBER: 1040 ACCOUNT BALANCE: -8,509.00 ACCRUED INTEREST: 0.00 AS OF: Feb. 17, 2025 ACCRUED PENALTY: 0.00 AS OF: Feb. 17, 2025 ACCOUNT BALANCE PLUS ACCRUALS: -8,509.00 Under "INFORMATION FROM THE RETURN OR AS ADJUSTED": EXEMPTIONS: 05 FILING STATUS: Married Filing Joint ADJUSTED GROSS INCOME: $53,090.00 TAXABLE INCOME: $23,890.00 TAX PER RETURN: $0.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 The transcript shows a RETURN DUE DATE OR RETURN RECEIVED DATE of Apr. 15, 2025, and a PROCESSING DATE of Feb. 24, 2025. Under TRANSACTIONS, I see: - Code 150 Tax return filed on 02-24-2025 for $0.00 (Cycle 16221-429-39381-5) - Code 806 W-2 or 1099 withholding dated 04-15-2025 for -$2,015.00 - Code 766 Credit to your account dated 04-15-2025 for -$3,599.00 - Code 768 Earned income credit dated 04-15-2025 for -$2,895.00 Can someone help me understand what these dates mean for when I'll actually get my $8,509 refund? I'm especially confused about why I see both February and April dates. The transcript shows a request date of 02-07-2025 and a processing date of Feb 24, but then all these credits are dated April 15. When should I expect the money in my account?

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13 comments

Liam McGuire

Your tax transcript shows a total refund of $8,509.00 that breaks down into three components: withholding of $2,015.00 (code 806), a tax credit of $3,599.00 (code 766), and earned income credit of $2,895.00 (code 768). While you see April 15, 2025 dates on these credits, those are simply standard tax year ending dates and don't affect your refund timing. The key date to focus on is your processing date of February 24, 2025, with cycle code 20250605. This indicates your return has been fully processed by the IRS. Your filing status is married filing jointly, with an adjusted gross income of $53,090.00 and taxable income of $23,890.00. Looking at your transcript's transaction codes: - Code 150 confirms your return was filed and processed - Code 806 shows your withheld taxes - Codes 766 and 768 represent your tax credits Based on your cycle code and processing date, you should expect your refund deposit approximately 7-10 days after the February 24 processing date, likely around March 3-6, 2025. The transcript shows zero penalties or interest accrued as of February 17, 2025, indicating your return is in good standing.

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