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What is an IRS Cycle Code? The cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the 4 digits of the current cycle year, two-digit IRS cycle week, and two-digit processing day of the week.

This means the IRS has processed your return and your estimated direct deposit date (DDD) has been determined. See section below for more details on this code. The IRS can and does update cycle codes and dates regularly and are pretty careful about disclosing specific details given issues in past tax years.

It essentially means that the IRS systems have not loaded your return into the IRS master file for processing, so no tax transcript updates have been generated for the current tax season.

A tax transcript will not help you find out when you'll get your refund. The information transcripts have about your account does not necessarily reflect the amount or timing of your refund.

The first four digits indicates the tax processing year, so this would be 2022. The fifth and sixth digits are the week of the year, so in this example the '06' would mean it is the sixth calendar week of the year.

Once your return is assigned a processing batch (per cycle code) your transcript will populate and be available over night and a refund direct deposit date if processing is normal. If your return has errors or adjustments (e.g code 570 or TC 898 on your transcript) processing can take longer.

The date next to Code 846 is the date that the IRS sent your refund. If you are receiving your refund via direct deposit, this is the date that the direct deposit was initiated by the IRS. It can still take several days for the refund to appear in your account.