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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Isabella Santos
•Thanks! My bank info is correct but still nothing 😭 Should I call the IRS?
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StarStrider
•Wait one more business day, then yes definitely call. Sometimes there can be a delay between the 846 code and actual deposit.
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Ravi Gupta
Hey, instead of trying to decode these transcripts yourself, you should try taxr.ai - it's only $1 and it will tell you exactly what's happening with your refund and when to expect it. I use it every week for my clients. https://taxr.ai
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Freya Pedersen
•fr? does it actually work? tired of playing detective with these transcripts 🕵️
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Ravi Gupta
•Yes! It analyzes everything and gives you specific dates and explanations. Way better than guessing or waiting on hold with IRS for hours 🙄
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Freya Pedersen
•just tried it - holy cow this is actually legit! 💯 got more info in 5 mins than I did in 2 weeks of research
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Omar Hassan
in the same boat waiting since january...irs is playing games with our money fr fr 🤡
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Chloe Anderson
check if your bank rejected the deposit. happened to me and i had to wait for a paper check smh
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Isabella Santos
•how do I check that?
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Chloe Anderson
•call your bank first, then if they say no deposit was attempted, call irs
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Diego Vargas
those dates look good tbh. ur probably getting it this week no cap
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CosmicCruiser
Did you claim any pandemic credits? Those are taking forever to process rn
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Isabella Santos
•nope just regular w2 and eic
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Evelyn Kim
The 846 code dated 03-13-2024 means your refund was officially issued on that date, but it can take 5-10 business days to actually hit your account depending on your bank. The 766/768 credits dated 04-15 are just IRS accounting entries - they don't affect when you get your money. Since it's been a while since 03-13, I'd definitely call your bank first to see if they received and processed a deposit from "IRS TREAS". Sometimes banks hold IRS deposits for verification or there could have been an issue with your account info. If your bank says no deposit was attempted, then call the IRS refund hotline at 1-800-829-1954. Your transcript looks normal otherwise - the processing date of 03-25 and all the codes check out for a standard EIC refund. Hang in there! 🤞
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