When Will My $10,790 Refund Arrive - Cycle 5 (20250605) Transcript with EIC, HOH, and Processing Date of Feb 24?

I just got access to my transcript for my 2024 tax return and I see cycle code 20250605 on my transcript - looks like I'm cycle 5? My refund is showing as -$10,790.00 but I need help understanding what I'm looking at on this transcript. Here's what I'm seeing on the transcript: ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: -10,790.00 ACCRUED INTEREST: 0.00 AS OF: Feb. 24, 2025 ACCRUED PENALTY: 0.00 AS OF: Feb. 24, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -10,790.00 INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 04 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: 18,763.00 TAXABLE INCOME: 0.00 TAX PER RETURN: 573.00 SE TAXABLE INCOME TAXPAYER: 3,743.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 573.00 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 $573.00 76221-424-31796-9 806 W-2 or 1099 withholding 04-15-2025 -$1,094.00 766 Credit to your account 04-15-2025 -$2,439.00 768 Earned income credit 04-15-2025 -$7,830.00 This Product Contains Sensitive Taxpayer Data I filed as Head of Household with 4 exemptions. My AGI was $18,763.00 with $0.00 taxable income. I had self-employment income of $3,743.00 which resulted in SE tax of $573.00. The transcript shows several credits: - W-2/1099 withholding of -$1,094.00 (code 806) - A credit of -$2,439.00 (code 766) - Earned income credit of -$7,830.00 (code 768) The processing date shows as Feb. 24, 2025, and my return due date is Apr. 15, 2025. My account balance shows -$10,790.00 with $0.00 in accrued interest and penalties as of Feb 24, 2025. I'm getting worried about when I'll actually receive my refund. Can someone help me understand what all these dates and codes mean, especially that cycle code 20250605? What does the 76221-424-31796-9 number mean? And what's the difference between the processing date (Feb 24) and the cycle date (02-24-2025)? Does the cycle 5 mean I'm on a weekly update schedule?

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Anastasia Popova

Your transcript details show a significant refund of $10,790.00 coming your way, and I can help break down exactly what this means. The cycle code 20250605 indicates you're a cycle 5 filer, which means your account updates on Thursday nights/Friday mornings. Your return shows a relatively low tax liability of $573.00, which comes entirely from self-employment tax on your $3,743.00 of SE income. Despite having $18,763.00 in adjusted gross income, your taxable income is $0.00, likely due to your Head of Household status and 4 exemptions. The refund is made up of three main components: 1. W-2/1099 withholding credit: -$1,094.00 2. Additional credit: -$2,439.00 (likely Child Tax Credit) 3. Earned Income Credit: -$7,830.00 Your processing date of February 24, 2025, is positive news, as it indicates your return has been processed. With a cycle 5 code and this processing date, you should see movement on your refund soon. The transcript confirms zero penalties or interest accrued, which means everything is proceeding normally with your return.

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