Why Does My Transcript Show 846 Refund Code Dated 3/13 But Credits 766/768 Dated 4/15? No Refund Received Yet

I'm trying to understand my transcript and getting worried about some timing issues. I filed as Head of Household and see several codes on my account transcript. Looking at the "TRANSACTIONS" section: CODE EXPLANATION OF TRANSACTION CYCLE DATE AMOUNT 150 Tax return filed 20241005 03-25-2024 806 W-2 or 1099 withholding 04-15-2024 766 Credit to your account 04-15-2024 768 Earned income credit EIC 04-15-2024 846 Refund issued 03-13-2024 I'm really confused because the 846 code (Refund issued) is dated 03-13-2024, but the 766 (Credit to your account) and 768 (Earned Income Credit) are both dated 04-15-2024 with a note saying "Last day of tax season". How can my refund be issued before these credits are applied? My transcript shows: ACCOUNT BALANCE: (blank) ACCRUED INTEREST: AS OF: Mar. 25, 2024 ACCRUED PENALTY: AS OF: Mar. 25, 2024 INFORMATION FROM THE RETURN OR AS ADJUSTED EXEMPTIONS: 03 FILING STATUS: Head of Household I also see notes about cycle codes where: 01 daily transcripts update on Monday 02 daily transcripts update on Tuesday 03 daily transcripts update on Wednesday 04 daily transcripts update on Thursday 05 update on Friday And there's a note that "transcripts come always updates the day AFTER" The transcript shows RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2024 PROCESSING DATE Mar. 25, 2024 I haven't received any refund in my account yet despite the 846 code from March 13. There's also a comment that "a negative number is credit Ldont freak" and "ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT -" I'm trying to understand what all these dates mean, especially why the 846 refund date is before the 766 and 768 credit dates. Does this mean I won't get my refund until after April 15? Why would they issue a refund before applying credits?

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StarStrider

Your transcript shows several key dates and codes that explain your refund status. The primary codes are: 150 (tax return filed), 766 (credit to account), and 768 (Earned Income Credit), all with cycle code 20241005. While these credits show a date of 04-15-2024 (end of tax season), this is normal IRS accounting - it doesn't affect your refund timing. The most important code is 846 dated 03-13-2024, which indicates your refund was issued on that date. Typically, refunds appear in bank accounts within 5 business days of the issue date. Your transcript confirms Head of Household filing status with 3 exemptions, and shows a processing date of March 25, 2024. According to the transcript notes, updates occur the day after processing, with different update schedules Monday through Friday. If you haven't received your refund despite the 03-13 issue date, verify your banking information is correct and consider contacting your bank or the IRS if it's been more than 5 business days. Note that negative amounts in the transcript represent credits in your favor - this is standard IRS accounting notation and shouldn't cause concern.

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