Code 826: Understanding Why $6,408 Was Transferred Out of My 2024 Tax Account to 2019 Tax Year

I need help understanding my transcript for my 2024 tax return. I'm really confused about what's happening with my refund. Looking at my account transcript, I see I filed as Head of Household with an AGI of $17,242.00. There are several credits and transfers that I don't understand: I received my Account Transcript showing FORM NUMBER: 1040 with a current ACCOUNT BALANCE of $0.00, with no ACCRUED INTEREST or PENALTIES as of Feb. 24, 2025. The INFORMATION FROM THE RETURN OR AS ADJUSTED section shows: EXEMPTIONS: 02 FILING STATUS: Head of Household ADJUSTED GROSS INCOME: $17,242.00 TAXABLE INCOME: $0.00 TAX PER RETURN: $0.00 SE TAXABLE INCOME TAXPAYER: $0.00 SE TAXABLE INCOME SPOUSE: $0.00 TOTAL SELF EMPLOYMENT TAX: $0.00 The RETURN DUE DATE OR RETURN RECEIVED DATE is listed as Jan. 28, 2025, with a PROCESSING DATE of Feb. 24, 2025. In the TRANSACTIONS section I see: CODE 150 - Tax return filed - CYCLE 20250605 - DATE 02-24-2025 - AMOUNT $0.00 Reference number: 76211-429-52032-5 CODE 806 - W-2 or 1099 withholding - DATE 04-15-2024 - AMOUNT -$813.00 CODE 460 - Extension of time to file tax return - DATE 03-12-2024 - AMOUNT $0.00 (ext. Date 10-15-2024) CODE 960 - Appointed representative - DATE 08-26-2024 - AMOUNT $0.00 CODE 766 - Credit to your account - DATE 04-15-2024 - AMOUNT -$1,600.00 CODE 768 - Earned income credit - DATE 04-15-2024 - AMOUNT -$3,995.00 CODE 826 - Credit transferred out to 1040 201912 - DATE 04-15-2024 - AMOUNT $6,408.00 CODE 971 - Notice issued - DATE 02-24-2025 - AMOUNT $0.00 CODE 971 - Notice issued - DATE 02-24-2025 - AMOUNT $0.00 I see W-2 withholding of $813.00 (code 806), a credit of $1,600.00 (code 766), and an Earned Income Credit of $3,995.00 (code 768). What's really confusing me is there's a code 826 showing $6,408.00 being transferred out to "1040 201912". My transcript shows my account balance is $0.00, with no accrued interest or penalties as of Feb. 24, 2025. The return was processed on Feb. 24, 2025, and I had filed for an extension until Oct. 15, 2024 (code 460). I also notice there was an "Appointed representative" entry (code 960) from 08-26-2024, though I'm not sure what this means. I'm really confused about what this all means for my refund status. Why was $6,408.00 transferred out? That seems to be the total of my withholding and credits ($813 + $1,600 + $3,995 = $6,408), but where did it go? Does "1040 201912" mean it went to my 2019 tax year? Can someone explain what's happening here and whether I'll be getting a refund?

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13 comments

Aisha Rahman

Your tax transcript shows a Head of Household filing with an Adjusted Gross Income of $17,242.00, but your taxable income and tax liability were both $0.00. You accumulated several credits: $813 in W-2 withholdings (code 806), a $1,600 credit (code 766, likely the Child Tax Credit), and an Earned Income Credit of $3,995 (code 768), totaling $6,408 in potential refund money. However, code 826 indicates this entire amount ($6,408) was transferred to tax year 2019 (shown as "1040 201912"). This transfer suggests you had an outstanding tax debt from 2019 that was satisfied using your 2024 refund. The IRS automatically applies current year refunds to past due tax debts before issuing any remaining refund to the taxpayer. The two 971 codes dated Feb. 24, 2025, indicate that notices were sent to explain this transfer. Your current account balance is $0.00 with no penalties or interest, confirming that the transfer resolved your prior tax debt. The transcript also shows you filed an extension (code 460) to October 15, 2024, and have an appointed representative (code 960) for your tax matters.

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