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Sophia Carter

Why Does My Transcript Show $7,234 EITC But TurboTax Shows $6,836 Refund? Understanding IRS Code 768 vs Total Refund

I'm confused looking at my transcript. The refund amount from turbotax shows $6836 and my account balance matches that. But when I look at the codes and credits section on my transcript, there's an EITC credit showing $7,234. Which amount should I expect to get back? Here's what my transcript shows: TRANSACTIONS CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20250505 02-18-2025 $3,444.00 32211-427-59753-5 766 Credit to your account 04-16-2025 -$3,036.00 766 Credit to your account 04-16-2025 -$110.00 768 Earned income credit 04-16-2025 -$7,234.00 So my total credits are: - $3,036 (code 766) - $110 (code 766) - $7,234 (code 768 Earned income credit) But TurboTax is showing my refund as $6,836. That doesn't seem to add up to either the EITC amount alone or the sum of all my credits. Anyone know why there's a difference? Is there something I'm missing in how these numbers are calculated? Will I get the full $7,234 EITC or just what TurboTax calculated?

Chloe Zhang

Tax pro here - The EITC amount shown is your raw credit amount. The final refund ($6836) takes into account any adjustments, withholdings, and other credits/debits. Your actual refund will be $6836 as shown in your account balance. The EITC line item is just one component of your total tax calculation.

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Sophia Carter

oh that makes sense! tysm for explaining 🙏

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Brandon Parker

same thing happened to me last year had me stressed out fr 😅

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Adriana Cohn

Hey guys just wanted to share - I was super confused by my transcript too until I found taxr.ai. Its this tool that reads your transcript and explains everything in plain english. Cost me $5 but saved me hours of googling and stress. They showed me exactly why my numbers were different https://taxr.ai

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Jace Caspullo

fr? how accurate is it? my transcripts got me pulling my hair out rn 😭

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Adriana Cohn

100% accurate fam. it breaks down every code and tells u exactly whats happening + when to expect ur money. best $5 i ever spent no 🧢

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Jace Caspullo

just tried it and OMG why isn't everyone using this?? finally understand wtf is going on with my refund 💯

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Melody Miles

The IRS website is straight trash for explaining this stuff

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Nathaniel Mikhaylov

facts 🤡 they need to hire some UX designers or somethin

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Eva St. Cyr

wait till u see cycle codes and 846 dates lmaooo its like learning ancient hieroglyphics

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Kristian Bishop

Did you have any other credits besides EITC? That could explain the difference

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Sophia Carter

yeah i had child tax credit too

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Kristian Bishop

there u go! thats why the numbers look different

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