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The date that appears beside the 846 code indicates when the IRS is expected to deposit your tax refund into your bank account. After that, the cycle code can help you figure out when you are most likely to get your money.

Transaction code 846 signals a refund, plus any interest, has been approved by the IRS.

Transaction Codes (TC) consist of three digits. They are used to identify a transaction being processed and to maintain a history of actions posted to a taxpayer's account on the Master File.

Transcript Code (TC) 841 ? This code is officially described as ?Cancelled Refund Check Deposited? and means that the financial institution the IRS sent your refund to rejected the payment because the account details the IRS sent them does not match what they have on their systems.

An IRS Code 846 on your transcript means that the IRS has issued you a refund for your tax return. You can use the cycle code to determine the approximate date that you will receive your refund, or you can use the Where's My Refund tool to get a more accurate date. What is IRS Code 846?

A Code 150 means that your return has been processed and added to the IRS master file. Your tax liability has been established, but if the liability is negative, then you will receive a refund. Does code 150 mean I'm not getting a refund? No. Code 150 indicates that your return has been processed.

The cycle code on your tax transcript means your return has been sent to the IRS master file (IMF). Additionally, this indicates the IRS is currently reviewing your submitted tax return. Your cycle code's first four digits reveal the year the tax is processed, while the fifth and sixth digits represent the week.

Generally the 846 date is the when the IRS issues the refund payment or paper check confirmation. It could be 1 to 2 days later that you actually receive the actual payment via direct deposit (WMR status = Refund Sent). Paper checks can take up to a week longer to be received.

Transaction codes that are unique to IDRS are also included." Code 150 indicates that your tax return has been processed and added to the IRS's main file. You will receive a refund in the event your tax liability turns out to be less than you anticipated.

When you see the IRS code 846 (refund of overpayment) on your transcript it means a refund has been issued. This is when you can use the cycle code to get an estimated payment date for your refund. It will generally be the day after your ?day of the week? cycle code.