Current:Home > InvestWhat does this IRS code mean on my tax refund? Codes 826, 846, 570 and more explained. -Zenith Investment School
What does this IRS code mean on my tax refund? Codes 826, 846, 570 and more explained.
View
Date:2025-04-19 10:46:28
Taxes can be confusing, but they don’t have to be. With a slew of numbers, acronyms and deadlines, it can be challenging to figure out how to interpret your returns.
Let’s start with transaction codes, the three-digit codes that signify an Internal Revenue Service action related to your taxes, such as a credit or debit. The codes help create a history of your account. An “R” following a transaction code shows that the transaction has been reversed.
Here are the most common to know this tax season:
What is IRS code 826?
Transaction code 826 means that part of your tax refund was used to pay an existing tax debt.
What is IRS code 846?
Transaction code 846 signals a refund, plus any interest, has been approved by the IRS.
What is IRS code 570?
Transaction code 570 means there is a hold on your account that's preventing the IRS from finalizing your refund. You should wait for the IRS to ask you for additional information.
What is IRS code 971?
Code 971 means the IRS has asked you for additional information on an issue, and it's typically related to Code 570.
Common IRS codes to be aware of
You can view all of the IRS codes on their website, but here are some typically seen on tax returns:
- 000: Adds a new taxpayer entity to the applicable Master File, which is a running record of IRS actions related to your account.
- 011: Change Employer Identification Number (EIN), Social Security number (SSN) or plan number
- 013: Changes the name of the account or plan
- 017: Adds or changes spouse SSN
- 091: Revocation of being taxed as a small business
- 150: A Master File Entity was created from your return and tax liability assessed
- 177: Abatement of estimated tax penalty
- 424: This is an examination request indicator; your return was referred to the Examination or Appeals Division
- 425: Reversed transaction code 424
- 766: Generated refundable credit allowance
- 768: Earned income credit
- 810: Refund freeze
- 811: Reverse refund freeze
- 9001: An error code that shows an attempt to access information using the wrong SSN or Taxpayer Identification Number (TIN)
More of your 2024 tax season questions answered
- Filing taxes: Not everyone has to do it. Here's what to know.
- What does OASDI mean?:Why this comes out of your paycheck each week
- Federal tax brackets: Numbers for 2023 and 2024 to know
- What is income tax?: How it works, different types and more
- Tax season for new parents: Your guide to Child Tax Credit, EITC and more
- Do I report crypto on taxes?: Here's what you should know about form 8949
- What is a 1098-E form?: What to know about student loan interest statement
- IRS mileage rate: How to claim mileage deductions this year
veryGood! (6558)
Related
- Nevada attorney general revives 2020 fake electors case
- The U.S. faces 'unprecedented uncertainty' regarding abortion law, legal scholar says
- Lowriding was born in California but it's restricted. Lawmakers want to change that
- 'Camera Man' unspools the colorful life of silent film star Buster Keaton
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Rescue crews start a new search for actor Julian Sands after recovering another hiker
- The Real Black Panthers (2021)
- Middle age 'is a force you cannot fight,' warns 'Fleishman Is in Trouble' author
- The Daily Money: Spending more on holiday travel?
- 'Return to Seoul' is about reinvention, not resolution
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- At 3 she snuck in to play piano, at nearly 80, she's a Colombian classical legend
- Tom Verlaine, guitarist and singer of influential rock band Television, dies at 73
- New Mexico prosecutors downgrade charges against Alec Baldwin in the 'Rust' shooting
- What do we know about the mysterious drones reported flying over New Jersey?
- Shlomo Perel, a Holocaust survivor who inspired the film 'Europa Europa,' dies at 98
- 'Fleishman Is in Trouble' is a Trojan horse for women's stories, says Lizzy Caplan
- Fear, Florida, and The 1619 Project
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Beyoncé's Grammy-nominated 'Renaissance' is a thotty and ethereal work of art
Grab a tissue and get emotional with 'Dear Edward'
'Return To Seoul' might break you, in the best way
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Forensic musicologists race to rescue works lost after the Holocaust
The lessons of Wayne Shorter, engine of imagination
Marilyn Monroe was more than just 'Blonde'