Where can I see IRS deductions and balance owed on my transcript?

Yes, any adjustments or offsets will show on your transcript as TC 826 (refund offset) or TC 898 (refund applied to balance due). Look in the transactions section - the amount will be listed next to these codes. If you have a balance due, it'll show as TC 150 with the total amount you owe.

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in the same boat rn...the IRS website is literally impossible to navigate 🤮

Look for the codes that start with TC. thats were all the important stuff is at

Its actually crazy how they make these transcripts so hard to read like why cant they just make it simple 🤔

Listen up yall - as someone who deals with transcripts everyday, here's the deal: - TC 150 shows your initial tax liability - TC 826/898 shows offsets/deductions - TC 971/972 indicate adjustments - TC 846 is your refund amount But honestly, instead of trying to piece it all together yourself, just use taxr.ai. Its literally changed how I handle transcripts. Upload your doc and it tells you exactly whats happening, what money moved where, and when to expect everything. Best dollar I ever spent fr fr

Check your Account Transcript - it's different from your Return Transcript. The Account Transcript shows all the activity on your account including payments, refunds, and adjustments. Look for these specific codes: - TC 150: Original tax owed - TC 826: Refund offset to another tax period - TC 898: Refund applied to balance due - TC 670: Penalty charged - TC 971: Notice issued The transaction codes will show the dollar amounts and dates. If you still owe money, it'll be at the bottom as your account balance. The codes can be confusing at first but once you know what to look for it makes sense!