When Will My $9,129 Tax Refund with EIC Post to Account After Feb 24 Processing Date? Transcript Shows Approval

I just pulled my transcript and see a negative balance of -$9,129.00. Looking at my account transcript, it clearly shows "ACCOUNT BALANCE: -9,129.00" at the top with a note that "ANY MINUS SIGN SHOWN BELOW SIGNIFIES A CREDIT AMOUNT." The transactions section shows I'm receiving an Earned Income Credit (EIC) of -$6,843.00 (code 768) and another credit to my account of -$2,286.00 (code 766), both dated for 04-15-2025. My transcript shows I filed as Head of Household with 3 exemptions. My adjusted gross income was $23,263.00 with a taxable income of $1,363.00. My tax per return shows $0.00, and I have no self-employment tax (it shows "TOTAL SELF EMPLOYMENT TAX: 0.00" and both "SE TAXABLE INCOME TAXPAYER: 0.00" and "SE TAXABLE INCOME SPOUSE: 0.00"). The processing date on my transcript was Feb. 24, 2025, and my return was filed with a cycle code 20250605 (code 150). My transcript shows "ACCRUED INTEREST: 0.00 AS OF: Feb. 24, 2025" and "ACCRUED PENALTY: 0.00 AS OF: Feb. 24, 2025". I also see a line that says "ACCOUNT BALANCE PLUS ACCRUALS (this is not a payoff amount): -9,129.00" and a reference number that looks like "14221-427-25757-5" next to my credit. The transcript indicates "RETURN DUE DATE OR RETURN RECEIVED DATE (WHICHEVER IS LATER) Apr. 15, 2025" Does this negative account balance mean my refund is approved? When should I expect it to hit my account?

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14 comments

Statiia Aarssizan

•7M

The -$9,129.00 balance on your transcript represents your approved refund amount, consisting of two main components: an Earned Income Credit of $6,843.00 (Code 768) and an additional credit of $2,286.00 (Code 766). Your tax return was processed on February 24, 2025, with cycle code 20250605, and shows no penalties or interest accrued. Your filing status as Head of Household with 3 exemptions and an adjusted gross income of $23,263.00 qualified you for these credits. With a taxable income of only $1,363.00, your tax liability was $0.00, meaning all credits are being refunded to you. The transaction codes (766 and 768) and processing date (02-24-2025) indicate your return has been processed successfully with no holds or verification codes. Both credits are dated for April 15, 2025, but since your return has already been processed, you should expect your refund within 21 days of the February 24 processing date. The lack of any additional transaction codes suggests there are no compliance checks or delays affecting your refund.

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