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.

Confused Help!

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 ?

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.

1 Reply
JohnB5677
Expert Alumni

Confused Help!

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.

  • Code 806 - Means that there was a credit for Withheld Taxes & Excess FICA,
  • Code 766 - Means that IRS TOP Offset a Reversal 

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)

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question