Current:Home > MarketsWhat does this IRS code mean on my tax refund? Codes 826, 846, 570 and more explained. -Edge Finance Strategies
What does this IRS code mean on my tax refund? Codes 826, 846, 570 and more explained.
View
Date:2025-04-13 00:53:32
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! (496)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Severe weather continues in Texas with 243,000-plus still without power after recent storms
- Ryan Reynolds and Blake Lively Are True Lovers at Taylor Swift’s Eras Tour Show
- Jury finds Chad Daybell guilty on all counts in triple murder case
- Small twin
- Lenny Kravitz opens up about celibacy, not being in a relationship: 'A spiritual thing'
- Bebe Rexha opens up about suffering PCOS cyst burst: 'The pain was so bad'
- Master the Sunset Blush Trend: Your Step-by-Step Guide to Summer 2024's Hottest Makeup Look
- See you latte: Starbucks plans to cut 30% of its menu
- Kris Jenner reflects on age gap in relationship with Corey Gamble: 'A ... big number'
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Boeing firefighters ratify a contract with big raises, which they say will end a three-week lockout
- Brian Belichick explains why he stayed with Patriots after his father's departure
- Lenny Kravitz Reveals He's Celibate Nearly a Decade After Last Serious Relationship
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Every Gut-Wrenching Revelation From Carl Radke and Lindsay Hubbard's Summer House Breakup Convo
- The Daily Money: Which companies are cutting emissions?
- Seattle police chief dismissed amid gender, racial discrimination lawsuits
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Medline recalls 1.5 million bed rails linked to deaths of 2 women
Actor Nick Pasqual accused of stabbing ex-girlfriend multiple times arrested at U.S.-Mexico border
Red Light Therapy Tools to Combat Acne, Wrinkles, and Hair Loss
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
'Station 19' series finale brings ferocious flames and a flash forward: Here's our recap
Chicago watchdog sounds alarm on police crowd control tactics during Democratic convention
RFK Jr. plans to file lawsuit against Nevada over ballot access