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Yellow Code 768 (-$4,290): Earned Income Tax Credit (EITC) amount you will be getting via refund payment. The ACTC and EITC are subject PATH HOLD, even if processed, and will be paid from mid to late February.

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.

Code 806 is simply an acknowledgement that your electronically filed tax return was received. Code 766 indicates a credit to your account (generally, a refund but it can be a credit toward taxes in a prior year, if you have those) Code 768 indicates an earned income credit amount.

The negative amount represents that there is a refund due back to you so no need to worry. The Code 846 will indicate that the refund has actually been issued to you and should be on its way to you as well. You should see an update with that code very soon that will actually release your refund payment.

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.

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.

What is IRS Code 766? 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.