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Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

So my fed refund was 2870. And state was $1441.00 however it shows on my transcripts that a credit will be on 04/15/2022 for $1500, $1555, $780, and $340 is this correct or could this be correct?
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10 Replies

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

What do you mean by "transcript"?  Where are you seeing these future deposits?  Are you confusing refunds with estimated tax payments?

JulieS
Expert Alumni

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

No, they are not additional refunds. Your account transcripts will show things like stimulus payments, taxes withheld and refundable credits with a date of 4/15/22. 

 

If you check your tax return, you will probably find these numbers on your return on lines 25 through 32.

 

If you are getting a refund, your account transcript will say "refund" on the line with the figure. 

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Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

Even if it says 768 credit to your account when I look at my past transcripts that meant that they were depositing or did deposit funds into my accounts both last year and the year Pryor so is that still your answer I just need to know because I really could use that money? I'm sure everyone could.

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

No it says account credit issued on 04/15/2022 

On 2 amounts 04/15/2022 1) $1500 and 1)$780

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

No John I'm not I'm reading it correctly 768 not 766 a credit issued on 4/15/2022 and then the amounts

JulieS
Expert Alumni

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

No, this doesn't mean you will be getting additional refunds this year.

 

Code 768 means Earned Income Credit, so that is the amount of EIC that was on your tax return.

 

Code 766 means Tax relief credit. 

 

It is very common for the IRS to date these credits on the due date of the return rather than when it was filed. 

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Aheard89
New Member

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

I have another deposit date for 4/15 what does that really indicate even though I already received my taxes 

JulieS
Expert Alumni

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

No, unless you have amended you tax return, you are not getting another tax refund this year. 

 

The tax transcripts can be misleading. They often list things like Earned Income Credit and Child Tax Credit with the due date of the return. 

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Exavier89
New Member

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

My transcript date says 04/15/2022 but I still haven't received my state or federal taxes. Should I be worried? 

AmyC
Expert Alumni

Question I received both my state and federal refunds however my transcript shows more deposits being made on April 15 2022 is this possible?

As long as your return is being processed, no need to worry. Refunds are taking up to 6 weeks with all the cross checking for stimulus, kids, etc. You can check the IRS website  to check the status of your return.  You  must enter the primary SSN, filing status, and the gross amount of the refund. You may also call IRS @ 1-800-829-1040. The gross amount is what is on your actual tax form, not what you may receive after fees, etc.

See  Where's My State Refund?

 

@Exavier89

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