$5,784 HOH Refund on Hold - Code 570 from March 20 with EIC $3,533 - Will I Get My Money?

I see a negative balance of -$5,784.00 on my transcript dated March 20, 2023. I'm trying to understand what this means for my refund because I really need this money right now. Looking at my transcript in detail: ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT ACCOUNT BALANCE: -$5,784.00 ACCRUED INTEREST: $0.00 AS OF: Mar. 21, 2023 ACCRUED PENALTY: $0.00 AS OF: Mar. 21, 2023 ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -$5,784.00 Under INFORMATION FROM THE RETURN OR AS ADJUSTED: EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: [blank] TAXABLE INCOME: [blank] TAX PER RETURN: [blank] 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. 16, 2023 PROCESSING DATE: Mar. 20, 2023 The transactions listed are: CODE EXPLANATION OF TRANSACTION - CYCLE - DATE - AMOUNT 150 Tax return filed - 20230905 - 03-20-2023 - $0.00 30211-449-79991-3 766 Credit to your account - 04-16-2023 - -$1,600.00 766 Credit to your account - 04-16-2023 - -$651.00 570 Additional account action pending - 03-20-2023 - $0.00 768 Earned income credit - 04-16-2023 - -$3,533.00 I'm concerned about the 570 code that shows "Additional account action pending" from March 20, 2023. Does this mean my refund is being held up? The negative balance shows I'm due a refund of $5,784.00, which includes my EIC of $3,533.00 plus those two credits of $1,600.00 and $651.00 that were dated April 16, 2023. I filed Head of Household with 2 exemptions, and my return was processed on March 20, 2023 (cycle 20230905). Anyone know what this 570 code means for my refund timeline? Will I still get the full amount shown? Really anxious about this as I'm counting on this money.

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13 comments

Alfredo Lugo

Your transcript shows a total refund amount of $5,784.00, comprising three distinct credits: a $1,500 credit (likely Child Tax Credit), a $551 credit (potentially Additional Child Tax Credit), and $3,733 in Earned Income Credit. These credits are dated April 15, 2023, which is the standard credit application date for the 2022 tax year. Your return was processed on March 20, 2023 (cycle code 20230905), and you filed as Head of Household with 2 exemptions. The 570 code from March 20 indicates a temporary hold on your refund while the IRS reviews your return. This review process typically takes 4-8 weeks from the hold date. Important details from your transcript: - No interest or penalties have accrued - Your self-employment income shows as $0.00 - Your return was processed before the due date (April 15, 2023) - The transaction code 150 confirms your return was received and entered into the system The presence of both EIC and dependent-related credits (766 codes) aligns with your Head of Household filing status and exemptions claimed. While the hold may be frustrating, the good news is that all your credits have been calculated and entered into the system.

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- 1M