846 code on transcript

3 replies
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How long after the 846 code do you receive your refund

TurboTax Deluxe Online

CassLOAnswer

Level 11

You will need to continue monitoring the IRS Where's My Refund site for the most up to date information on your refund. Updates are typically done daily, usually overnight on the IRS site. Hopefully you will see that update soon.

If your return shows it is processing on the Where’s My Federal Refund? site, the government reviews your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and they also check if you owe back taxes, unpaid child support, or other debts.
If they need to make any corrections, they may offset (reduce) your refund. In some cases, the correction might even increase your refund.
Once that part's done, the government approves your refund, which means it's ready to be deposited or sent. At that point the IRS site will update with a direct deposit date.

Please see the TurboTax FAQ below for more information.

Why is my direct-deposited refund or check lower than the amount in TurboTax?

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CassLOAnswer

Level 11

You will need to continue monitoring the IRS Where's My Refund site for the most up to date information on your refund. Updates are typically done daily, usually overnight on the IRS site. Hopefully you will see that update soon.

If your return shows it is processing on the Where’s My Federal Refund? site, the government reviews your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and they also check if you owe back taxes, unpaid child support, or other debts.
If they need to make any corrections, they may offset (reduce) your refund. In some cases, the correction might even increase your refund.
Once that part's done, the government approves your refund, which means it's ready to be deposited or sent. At that point the IRS site will update with a direct deposit date.

Please see the TurboTax FAQ below for more information.

Why is my direct-deposited refund or check lower than the amount in TurboTax?

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

J

joemvazquez

Level 2

Thanks for the very generic response. We obviously know about that. Tax experts? Haha in what realm? Last time I pay for premium.

H

HeatherPLO

Level 14

On this public forum, we do not have detailed information about refund processing or transcript codes. Once your return has been accepted by the IRS, you are now on their timeline. You can track your refund at the above information provided.

@joemvazquez

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