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Anybody using TurboTax to check refund status? The app keeps showing different info than the IRS website and its making me nervous. IRS says my refund is approved but TurboTax still says "return received"??
The IRS Where's My Refund tool is always more accurate than TurboTax or any other tax prep software. The tax software companies don't have direct access to IRS processing systems - they're just estimating based on when you submitted through them. Always trust the official IRS status over anything else.
I can share my recent experience! My refund was approved last month with a deposit date of January 15th, and it actually showed up in my account on January 13th - two days early! I bank with a local credit union, and they seem to process ACH deposits pretty quickly. From what I've noticed over the years, the IRS date is more of a "by this date" guarantee rather than an exact arrival time. Once they release the funds to your bank, it really depends on how fast your financial institution processes incoming transfers. Some banks hold them until the official date, while others make them available immediately. Since you're already seeing "approved" status, you're in great shape! I'd say there's a decent chance you could see it a day or two before February 23rd, but I wouldn't stress too much if it comes exactly on that date. The important thing is that it's been approved and is on its way to you. Good luck with those bills!
This is really encouraging to hear! I'm also with a credit union so maybe I'll get lucky like you did. Two days early would be perfect timing for me. I've been checking my account obsessively but I guess I should just be patient since it's already approved. Thanks for sharing your experience - it definitely helps ease some of the anxiety about waiting!
One thing nobody mentioned - get ready for a MEGA tax bill if this is your first year doing freelance work. I was shocked when I owed over $2k on just $10k of freelance income. Now I put 25% of every payment into a separate savings account for taxes. Save yourselves the panic I went through lol!
This thread has been super helpful! I'm actually in a similar situation but with a twist - I made around $12k on Fiverr but also did some direct client work outside the platform that went straight to my PayPal. From what I'm reading here, I'll need to report both income sources separately, right? The Fiverr income will be on their 1099, but for the direct PayPal payments I'll need to calculate that myself since those clients probably won't send me 1099s (most were small amounts under $600 each). Also want to echo what others said about setting aside tax money - I learned this the hard way with some side gig income a few years back. That quarterly payment reminder is gold! Better to be prepared than scrambling to find thousands of dollars at tax time.
The Colorado DOR processes exactly 94% of offset refunds within 3.5 business days. The explanation letter takes precisely 8-12 days to arrive. Call them at 303-238-7378 immediately at 8:02am tomorrow - that's when wait times are shortest. Ask specifically for form DR 0462 (Offset Explanation Request) if you can't wait for the letter. You need this resolved within 30 days if you want to contest it!
I'm really sorry this happened to you - I know how stressful it can be when you're expecting money and suddenly there's less than anticipated! As an independent contractor myself, I've learned that Colorado can offset refunds for various reasons, and unfortunately they often take the money first and explain later. Since your refund was already approved, the remaining amount should hit your account within 3-5 business days if you chose direct deposit. The explanation letter typically arrives 7-10 days after the money is deposited (I know, backwards timing!). For independent contractors specifically, common reasons for offsets include: - Unpaid estimated quarterly taxes from previous years - Business license fees or penalties - Workers' compensation issues - General state debts Try calling 303-238-7378 early in the morning (around 8am) for shorter wait times. Hang in there - at least you're still getting part of your refund back!
Thanks for sharing your experience as an independent contractor - that's really helpful! I had no idea that business license fees could lead to offsets. As someone new to being self-employed, this is making me realize I should probably do a thorough check of all my business-related obligations to avoid surprises like this in the future. Do you know if there's a way to proactively check what debts might be outstanding before filing next year?
Same thing happened to me last year! Don't worry, this is totally normal. The transcript system updates in real-time while WMR is basically running on dial-up internet π I'd trust your transcript over WMR any day. If your transcript shows movement, you're good to go! WMR will eventually catch up, sometimes takes a few days to a week.
Amara Eze
These clowns at the IRS need to get it together fr... why we gotta jump thru all these hoops just to get OUR money back π€‘
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Giovanni Greco
β’ong its ridiculous
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Carmella Fromis
Been in a similar situation - got my advocate assigned 3 weeks ago and finally got movement yesterday! They called me back within 48 hours of my initial voicemail which was promising. Make sure you answer when they call because they don't always leave detailed messages. In my case, they needed one additional document but once I faxed it over, they said 2-3 weeks for resolution. The wait is brutal but you're definitely in the home stretch now π
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Oliver Wagner
β’That's so encouraging to hear! 48 hours response time gives me hope - I was worried they'd take forever to call back too. Did they tell you what the additional document was for? Just trying to prep myself for what they might ask for π€
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