So I filed my taxes and My transcript is a tad confusing to me.
What are these codes? Also, What does credit per say mean. Credit to taxes I owe ? Or Credit to my bank account I
will be getting? I didnt owe taxes that I knew of. Just confused
i DID NOT get my stimulus fyi
So what does this mean?
Code 806: W2 or 1099 Withholding -$2780
with date 4-15-2021
Code 766 : Credit To Your Account -$1800
with date 4-15-2021
846 : Refund issued : $508
withdate 4-14-2021
Now will i be getting 2780 & 1800?
im just so confused :(
When it says credit will I be getting this to my bank account ?
The IRS uses an electronic system to check and process tax returns. Even paper returns are uploaded into the system called the Master File. As a tax return is processed, there are transaction codes added to it to indicate changes. Many of these changes don't mean anything of real consequence to you. They are used to keep an accurate record of changes in the tax return from year to year. Other codes can be of some significance if the IRS has adjusted your return.
If you need to do anything the IRS will let you know. You may contact the IRS to get a clearer picture of when you will receive your refund by calling 1-800-829-1040 between 7 am - 7 pm.
I went to check my transcripts and saw codes 806 766 (intuit.com)