When will I get my taxes I got code 766

Forum|Forum|28 days ago
June 22, 2026
2 replies
27 views

Yes

TurboTax Online

M-MTax

Level 15

The web site below has an extensive explanation.

https://www.jwoodcpa.com/blog/code-766-on-irs-transcript/

Mike9241

Level 15

IRS transaction code 766 on a tax transcript means a credit has been posted to your account. The official IRS label for this code is “Generated Refundable Credit Allowance,” and it covers refundable tax credits like the Child Tax Credit, overpayment credits carried forward from a prior year, and similar adjustments that reduce what you owe or increase your refund. Seeing this code is good news, but it doesn’t tell the whole story on its own. The codes surrounding it on your transcript determine whether that credit is heading to your bank account, being held for review, or getting redirected to pay a debt. Code 766 rarely appears in isolation. Your transcript is a running ledger of everything happening with your tax account, and the codes around it tell you whether your credit is actually on its way to becoming a refund or whether something is holding it up.

for example code

846 - refund issued

570 account put on hold

571 hold released

971 notice issued

the date next to the code is the date the item was posted and has nothing to do with when you’ll receive your refund'

what does the WMR tracker say?

wmr tracker

Mike9241