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It means your return was successfully filed and you are in a daily batch cycle. There is also an estimated processing date of Feb 28th, 2022 noted in the transcript example above.

A negative on the transcript means that a refund is due on the return, it does not indicate when a refund is on its way or when it will be received. This doesn't indicate or answer the question whether it will be used to pay off a past due debt.

You are able to see your cycle date via the free official IRS transcript, with this being an eight-digit number that follows the format of year-week of year-day of week. Therefore, it will look something like 20220602. The first four digits indicates the tax processing year, so this would be 2022.

How To READ an IRS TAX ACCOUNT TRANSCRIPT EASY- YouTube YouTube Start of suggested clip End of suggested clip You'll see your exemption line this is how many dependents or exemptions you take you'll see yourMoreYou'll see your exemption line this is how many dependents or exemptions you take you'll see your filing status. You'll see your adjusted gross income.

The negative amount represents that there is a refund due back to you so no need to worry.

An IRS Code 766 on your account means that you have received a credit on your account from the IRS. A credit on your account is a dollar-for-dollar reduction in your tax liability. If you have more credits than your tax liability, you will receive a refund for the overpayment.

Refund direct deposit date (with Code 846) via cycle code It will generally be the day after your day of the week cycle code. So if you are on a Tuesday daily cycle, your refund will likely hit your account on a Wednesday. Paper checks will take 5 to 7 days longer.

Your balance includes: any estimated tax payments made using software, from your online services account, or with Form IT-2105, Estimated Tax Payment Voucher for Individuals, any overpayment from last year's return that you asked us to apply to the following year, and.

Code 846 indicates that a refund has been issued by direct deposit or that a check has been printed for the refund.

Issued means the refund processing is complete and will be sent to you, either by direct deposit or mailed paper check (depending on how you requested it). It can take up to 5 days to be reflected in your bank account in some states from the date it is issued (weekend's typically are not included) . 1.