IRS Transcript Question: Received $2,020 Refund in March, Then Additional Credits (766/768) in April - Are These Additional Refunds Coming?

Your tax transcript shows multiple transactions that occurred across March and April 2023. The codes reveal a sequence of tax processing events: Code 150 (with cycle number 16221) represents your tax return being processed in the system. The cycle number helps the IRS track processing batches internally. Your refunds and credits were issued in two phases: 1. First, you received an initial refund (Code 846) of $1,020.00 on March 9, 2023 2. Then in April, two additional credits were processed: - A $241.00 credit (Code 766) on April 15, 2023 - An Earned Income Credit (Code 768) of $1,403.00 also on April 15, 2023 The split timing is common - the IRS often processes the basic refund first, then handles additional credits like the Earned Income Credit separately. The Earned Income Credit (EIC) is a special benefit for working individuals with lower incomes, and it frequently processes later than the initial refund. The negative signs (-) before the April amounts actually indicate credits in your favor, not deductions. Your total benefit across all transactions amounts to $2,664.00 ($1,020 + $241 + $1,403).

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im in the same boat! waited forever to get my EIC processed. the IRS is moving slow af this year 🐌

those dates are normal - EIC usually processes later than regular refunds. atleast ur getting something!

Called the IRS about this exact situation last week. They said the system automatically splits some refunds now, especially with earned income credit. Its actually faster this way supposedly 🤷‍♀️