Re: People with cycle code 20200705 and processing...
Employee TurboTax Specialist

After you file

Did you claim the EIC or ACTC?  If you claimed the EITC (Earned Income Tax Credit) or ACTC (Additional Child Tax Credit), you will most likely see the message, "We have received your tax return and it is being processed" for several days after February 15th.  

 

Where's My Refund? will be updated with projected deposit dates for most early EITC/ACTC refund filers by February 22

 

The IRS expects the earliest EITC and ACTC related refunds to be available in taxpayer bank accounts or on debit cards the first week of March.

 

Reference:  Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers

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