It can mean something different if you have any other codes with it, but if you do not, generally:
According to the IRS, this is what the cycle code means:
- 2020 Year
- 05 is the IRS cycle week (5th week of filing season- when the IRS started accepting returns).
- 05 is the processing day of the week (Thursday in your case)
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
So you should see a refund on or around 2/27/2020.
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