turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2020 Path Act: Post your updates here, please.

@Jaswiththeplan  yeah im kinda in the same spot i need another car and to pay bills 

ATW1
Level 2

2020 Path Act: Post your updates here, please.

People said there was a big update today or last night. Anything tonight that anyone is aware of? Thank you.

2020 Path Act: Post your updates here, please.

So I just got off the phone with the irs they are saying that we should start seeing the money in our accounts by next week and most the first week of March same nonsense I’ve already been hearing 

2020 Path Act: Post your updates here, please.

So the santa Barbara page can't find me now even though I've been checking for days and haven't had any problems. What might cause this?

2020 Path Act: Post your updates here, please.

Me too smh 

2020 Path Act: Post your updates here, please.

@Andreamunoz002  Website is probably down. Said same thing for me as well 

2020 Path Act: Post your updates here, please.

Website just worked for me but still no updates. Be back tomorrow. ,

2020 Path Act: Post your updates here, please.

Can somebody please tell me how you know if youre daily or weekly in regards to your transcript updating?

2020 Path Act: Post your updates here, please.

As I mentioned in another post. My spouse is still waiting for his return. My return was DD on 13th with EIC. My bars didn't move until last saturday. Even though I had my money. Tt never updated. 

2020 Path Act: Post your updates here, please.

11 hours until a HUGE transcript update with 846 code.. If you can see your transcripts I would start checking for that code at 7-8 pm tonight EST.  If you cannot see your transcripts like me, your WMR will be updated with your DDD or any codes! 

 

TRUST ME... Good luck all 

2020 Path Act: Post your updates here, please.

don't play with us HARPO. Don't have me waiting until 11 hours have passed and then nada. Lol

2020 Path Act: Post your updates here, please.

@BellaNJakesMom  I hope you're right. I wasn't sure if transcripts updated at a different time than WMR. I haven't paid attention in the past. I'll check tonight!

ATW1
Level 2

2020 Path Act: Post your updates here, please.

Thank you. But is this documented somewhere? How are you positive about this? 

2020 Path Act: Post your updates here, please.

@BellaNJakesMom where woud I find that code? 

2020 Path Act: Post your updates here, please.

Below are the answers to your questions and an info graphic about the IRS update cycle. When do the WMR and transcripts update?

Anyday, anytime.  But, there are 4 days that are “mass” updates.

What is a mass update?

It is a day when a lot of Transcripts or the WMR is updated.

When are mass updates?

For daily accounts, there are 4 days per week that you can expect mass updates. Some are mass updates for Transcripts and others are mass updates for WMR. For weekly accounts, there are 2 days per week that you can expect mass updates.

What is “Weekly” or “Daily”?

Your IRS Account is identified as either being updated weekly or daily.  Cycle codes ending in 01, 02, 03, 04 are daily accounts.  Cycle codes ending in 05 are weekly accounts, but in some cases, they may be daily.

Why does it matter?

It doesn’t really. However, people use it to check what day they should expect updates on Transcripts or WMR.

How do I know if I am a Weekly or Daily?

Look at the last 2 digits of your Cycle Code?  If it ends in 01, 02, 03, 04 transactions post to our IMF account daily except weekends.  If it ends in 05, you could be weekly or daily.  For weekly accounts, transactions are posted to the IMF account only once weekly.

What is a Cycle Code?

It is an 8 digit sequence of numbers such as 20200405.

What does a Cycle Code mean?

It indicates when your account posts to the master file. It is NOT a calendar date, but can be translated to a date.

Where is my Cycle Code?

Your cycle code can be found on your “Account Transcript”.

How do I translate my Cycle Code?

Use an IRS Posting Calendar. Or make it easy and look at the IGMR IRS Cycle Chart. Check out the 2020 IRS Cycle Code and What Posting Cycles Dates Mean.

Why do I need my cycle code?

You really don’t. But, you can use the last 2 digits of your cycle code to see if your account is Weekly or Daily.

What do the last 2 digits of the cycle code mean?

Cycle Code Ending in 01= Friday
Cycle Code Ending in 02= Monday
Cycle Code Ending in 03= Tuesday
Cycle Code Ending in 04= Wednesday
Cycle Code Ending in 05= Thursday

When do Daily Accounts update?

Everyday.

When do Weekly Accounts update?

Weekly.

What day do Transcripts update?

Transcripts can update any day of the week. However, mass updates on daily accounts are usually Tuesday; and mass updates on weekly accounts are usually Friday.

What day does the WMR update?

The WMR can update any day of the week. However, mass updates on daily account are usually Wednesday; and mass updates on weekly accounts are usually Saturday.

What time are updates?

The WMR and Transcripts can update anytime throughout the day. However, mass updates occur overnight between midnight and 3 am.

Manage cookies