Tax Transcript Shows Code 150, 806, 766 Without EIC Code 768 - When Will My $14,022 Refund Come? Filed January With Processing Date Feb 24 2025

I filed my taxes in January with child tax credit and earned income credit. I just checked my transcript and I'm trying to understand what all these codes mean and if my refund is coming soon. My transcript shows: EMPLOYMENT TAX: 1,799.00 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 $1,799.00 30211-422-32490-5 806 W-2 or 1099 withholding 04-15-2025 -$14,421.00 766 Credit to your account 04-15-2025 -$1,400.00 This Product Contains Sensitive Taxpayer Data Can someone help me understand if I'm supposed to wait for codes 846 and 768? I know code 846 is the refund issued code, but I thought I was supposed to see code 768 for earned income credit since I claimed that. My current transcript codes are just 150, 806, and 766 with my return due date showing as Apr. 15, 2025. I can see my tax return amount is $1,799.00 (code 150) and withholdings at -$14,421.00 (code 806), plus that credit for -$1,400.00 (code 766), but I'm confused about what comes next. Does this mean I'm getting a refund of $14,022.00 ($14,421.00 - $1,799.00 + $1,400.00)? Why isn't my EIC showing up yet? And when will I see the refund code 846? Not sure what all this means tbh. The cycle date says 20250605 but the processing date is Feb. 24, 2025. What's the difference and how does that impact when I'll get my refund?

0 coins

14 comments

Yara Sayegh

Your transcript shows three key transactions that indicate your return is still in processing. The tax amount of $1,799.00 (code 150) was recorded on February 24, 2025, with cycle code 20250605. Your withholdings of $14,421.00 (code 806) and credit of $1,400.00 (code 766) are both dated April 15, 2025, which is the standard due date. The presence of codes 150, 806, and 766 but absence of code 846 (refund issued) indicates your return is still being processed. This is normal, especially with Child Tax Credit and Earned Income Credit claims, which typically require at least 21 days for processing. Based on your withholdings and credits versus tax owed: - Tax owed: $1,799.00 - Withholdings: -$14,421.00 - Additional credit: -$1,400.00 This suggests you're due a significant refund, but you'll need to wait for code 846 to appear to confirm the final amount and refund date. Your reference number 30211-422-32490-5 is your unique identifier for this tax return. Keep monitoring your transcript for the appearance of code 846, which will indicate your refund has been approved and scheduled.

0 coins

- 1M