When Will My $14,621 Refund Process with 570/971 Codes and March 20 Processing Date?

The transcript details show a significant refund of $14,621.00 currently under review by the IRS. This amount is derived from several sources: $4,808 in withholdings, three separate credits ($1,000, $5,909, and $937), and an Earned Income Credit of $2,092. Your tax liability is relatively low at $125.00, which contributes to the large refund amount. The presence of code 570 (posted March 20, 2023) and code 971 (posted March 27, 2023) indicates your return is under IRS review. While most of your credits show an April 15, 2023 date, this is a processing cycle date rather than a scheduled refund date. The cycle code 20230905 indicates your return was processed in the 9th week of 2023. Your filing status as Head of Household with an AGI of $43,142 and taxable income of $23,742 appears consistent with the credits claimed. The transcript shows no accrued interest or penalties as of March 13, 2023, which is positive. However, the 570 hold must be resolved before a refund can be issued, regardless of the April 15 cycle date for the credits. Your filing indicates 5 exemptions, and there's no self-employment income reported, which simplifies the tax calculation. The reference number 30211-452-21254-3 is your unique identifier for this tax return.

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im in the same boat. 570/971 since february and still waiting 🤡

Check your mail carefully. 971 means theyre sending you a notice that might need a response

The IRS is such a joke fr. Making us wait months while they 'review' everything 🙄

mine cleared after 6 weeks. hang in there!

Looking at your transcript, the good news is your refund amount is solid at $15,621 - all your credits and withholdings add up correctly. The 570/971 combo usually means they're verifying some of your credits, possibly the large ones totaling $10,846. Since your 971 notice was issued 03-27-2023, you should have received or will receive mail explaining what they need. Sometimes it's just identity verification or documentation for certain credits. The April 16th dates you're seeing are just processing cycle dates, not your actual refund date. With a cycle code ending in 05, you're on a weekly cycle which is actually better for getting updates. Keep checking your transcript weekly for changes - once that 570 drops off, you should see an 846 refund date code pretty quickly after. Have you received any mail from the IRS yet? That 971 notice will tell you exactly what's holding things up.