When Will My $3,531 Refund Arrive After Feb 24, 2025 Processing Date - Filed Taxes with Early Processing Option

I just got my transcript for my 2024 tax return and I'm trying to figure out when I'll get my refund. I paid one of those places to get it 5 days early. My transcript shows a Request Date and Response Date of 02-10-2025, with Tracking Number 107425406212. This Product Contains Sensitive Taxpayer Data Request Date: 02-10-2025 Response Date: 02-10-2025 Tracking Number: 107425406212 Account Transcript FORM NUMBER: 1040 TAX PERIOD Dec. 31. 2024 ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: -3,531.00 ACCRUED INTEREST: 0 AS OF Feb. 24, 2025 ACCRUED PENALTY: 0. AS OF: Feb. 24, 2025 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -3,531.00 **INFORMATION FROM THE RETURN OR AS ADJUSTED** EXEMPTIONS: 03 FILING STATUS: Married Filing Joint ADJUSTED GROSS INCOME: TAXABLE INCOME: TAX PER RETURN: 0 SE TAXABLE INCOME TAXPAYER: 0.00 SE TAXABLE INCOME SPOUSE: 0.00 TOTAL SELF EMPLOYMENT TAX: 0.00 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 20250601 02-24-2025 $0.00 30221-428-54611-5 806 W-2 or 1099 withholding 04-15-2025 -$1,461.00 766 Credit to your account 04-15-2025 -$411.00 768 Earned income credit 04-15-2025 -$1,659.00 I'm trying to understand what all these codes mean and when I should expect my refund. Specifically, I see the Processing Date is Feb. 24, 2025, but I also notice that some of the transaction dates are April 15, 2025. Does this mean I won't get my refund until April? Or is that just when those credits would normally be applied if I hadn't paid for early processing? I also notice my total refund amount is showing as $3,531.00 (account balance). The breakdown shows $0 tax liability, $1,461.00 in withholding, $411.00 in credits, and $1,659.00 for earned income credit. I'm wondering if the cycle code "20250601" has any meaning for when the refund will be issued? Can someone help me understand this transcript and give me a better idea of when I'll receive my refund? I really need this money soon.

0 coins

14 comments

Dylan Cooper

•10M

Your tax transcript shows a total refund of $3,531, broken down into three main components: $1,461 in tax withholdings (Code 806), a $411 tax credit (Code 766), and $1,659 from the Earned Income Credit (Code 768). The return was processed on February 24, 2025, with a cycle code of 20250601. Some key details from your transcript: - You filed as Married Filing Joint with 3 exemptions - Your tax liability is $0 (Code 150) - No self-employment income was reported for either spouse - No penalties or interest have accrued as of February 24, 2025 Based on your cycle code and processing date, you should expect your refund within a week. Since you mentioned using a tax preparation service with early access, they will deduct their fees from your refund before forwarding the remaining amount to you. The April 15, 2025 dates shown for some codes are standard processing dates for the 2024 tax year and don't affect your refund timing. Your tracking number (107425406212) can be used to monitor the refund status through the IRS website or app.

0 coins