I checked my own tax transcript this morning, and just like many of you, I noticed a massive discrepancy between what the “Where’s My Refund?” (WMR) tool says and the actual codes on the backend. In my experience covering IRS tax seasons, relying solely on the WMR portal can lead to unnecessary panic—especially when it’s stuck on “Still Processing.”
| Transcript Code | Meaning | What to Do |
| Code 150 | Tax Return Filed | Relax. This is a normal processing step; you are officially in the system. |
| Code 570 | Additional Action Pending | Wait for a mailed notice. Do not amend your return yet. |
| Code 846 | Refund Issued (The Goal) | Monitor your bank account. Processing usually takes 3-5 business days. |
The reality is that WMR often lags behind the IRS Master File by several days. If you pull your Account Transcript and see an 846 code with a future date, that is the most accurate indicator of your direct deposit timeline. However, remember that bank processing times vary wildly depending on your institution. Never guarantee or assume your money will hit on that exact date, but Code 846 does confirm the IRS has officially released the funds. If you’re stuck in a loop, skip the portal and check your transcript directly.
Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Always consult with a qualified tax professional or official government resources.
Evan Cole Editor-in-Chief | Breaking News & Public Policy
“From Washington to Wall Street, and Main Street to Hollywood—Evan Cole connects the dots.”
As the Editor-in-Chief at Newskilo, Evan leads a dynamic team of journalists dedicated to uncovering the truth behind the headlines. With over 15 years in digital media, Evan has a reputation for cutting through the noise.
While he is widely recognized for his deep analysis of U.S. fiscal policy (IRS & Stimulus), Evan’s expertise extends to global current events, corporate accountability, and cultural trends. Whether he is breaking down a complex government bill, exposing a tech giant’s failure, or analyzing the societal impact of a viral celebrity moment, Evan’s goal is simple: To tell the stories that shape our world with clarity, accuracy, and integrity.