This issue stems from the Automated Clearing House (ACH) network protocols and how newer financial technology platforms integrate with legacy government systems. SoFi utilizes partner banks for certain transaction types, which can create routing complexities. The IRS Electronic Federal Tax Payment System (EFTPS) occasionally flags these transactions as anomalous due to intermediary processing. For tax year 2023 (filing in 2024), SoFi implemented RFC-8252 compliant verification which should resolve most of these issues. However, there's a technical distinction between their Money accounts and Checking/Savings accounts that affects how deposits are processed. I recommend verifying which specific SoFi account type you're using and confirming the correct routing number for that specific account type.

I've been banking with SoFi for about 8 months now and can share some perspective on this. The good news is that SoFi has definitely improved their systems since last year's issues. I received my state refund through SoFi in January without any problems, and I'm expecting my federal refund next week according to the IRS Where's My Refund tool. That said, I'd recommend a few precautions: First, make absolutely sure you're using the current routing number (273075681) - not any older numbers you might find online. Second, verify that the name on your tax return matches exactly how it appears on your SoFi account. Even small differences like middle initials or suffixes can cause rejections. If you're really worried, you can always call SoFi at 855-456-7634 and ask them to verify your direct deposit information matches what you entered on your tax return. They can also confirm if there are any holds or flags on your account that might affect incoming deposits. Better to spend 10 minutes on the phone now than wait weeks for a paper check if something goes wrong!

Same situation here - filed in January and still stuck on "processing" 😤 The lack of communication from NYS is what's really frustrating me. At least give us realistic timelines instead of leaving everyone in the dark! I've been checking the tracker obsessively every day hoping for an update. Really considering that taxr.ai thing @Giovanni mentioned if it can actually tell me what's going on with my return.

Ugh, I'm in the same boat as everyone else here 😩 Filed my NYS return back in February and it's been stuck on "processing" ever since. This is my first time dealing with such a massive delay - usually get my state refund within 3-4 weeks max. The worst part is not knowing if there's actually an issue with my return or if it's just sitting in some digital pile waiting to be looked at. Really wish NYS would send automated updates or at least be more transparent about what's causing these delays. Might have to bite the bullet and try calling that support line even though 2+ hour wait times sound absolutely brutal 😤

Has anyone else noticed that the self-employed health insurance deduction calculation is messed up in tax apps? I tried three different ones and they all gave different answers for the exact same numbers. Ended up having to calculate it by hand using the worksheet in the 1040 instructions.

This is such a helpful thread! I'm in a similar boat as a freelance photographer and had no idea the health insurance deduction was separate from Schedule C expenses. One thing I'm wondering about - if I started my business partway through 2024 and was on COBRA for the first few months before switching to marketplace coverage, can I deduct both the COBRA premiums and the marketplace premiums? Or do I need to prorate based on when my business was actually operational? My business didn't really start generating income until March, but I was paying COBRA from January.

Something else to consider - do either you or your sister plan to live in the house at all before selling? If one of you moved in and used it as your primary residence for at least 2 years, you might qualify for the Section 121 exclusion, which lets you exclude up to $250,000 of capital gain from your income ($500,000 for married couples filing jointly). It's a long-term strategy and might not be practical in your situation, but worth mentioning as it's one of the biggest tax breaks available for residential real estate.

I'm sorry for your loss. This is definitely a complex situation that requires careful handling. One important point that hasn't been fully addressed yet - you mentioned your sister is the executor of your father's estate. Since your father passed away in August (after the July quitclaim deed transfer), there may be some coordination needed between how this transfer is handled and the overall estate administration. The executor will need to include information about this quitclaim deed transfer in the estate tax return (Form 706, if required) and potentially amend any gift tax considerations. Make sure your sister is working with a qualified estate attorney or CPA who understands both the gift tax implications of the July transfer AND the estate tax implications following your father's death. Also, keep detailed records of all expenses related to maintaining, improving, or selling the property after you received it - these can potentially be added to your basis and reduce your capital gains when you do sell. Given the complexity and the significant tax implications involved, I'd strongly recommend getting professional advice from someone who specializes in estate and gift taxation rather than trying to navigate this alone.

As someone who's also adjusting to the U.S. tax system from abroad, I completely relate to your confusion! The unpredictability compared to other countries' systems is definitely jarring at first. From my experience and what I've learned here, Tuesday night into Wednesday morning (3-6am Eastern) is your most reliable window. I used to check randomly like you did and it was exhausting! Now I've settled into a routine: check Wednesday morning around 8am with my coffee, and if nothing's there, I check again Saturday morning. One thing that helped me understand the system better was realizing that the IRS processes returns in weekly batches tied to cycle codes, not continuously like many other tax systems. Once you get your first transcript update, you'll see your cycle code which will help you predict future updates more accurately. Don't feel bad about that 4am checking session last year - we've all been there! The key is working with the system's rhythm instead of against it. Your transcript will update when it updates, and stressing over the exact timing won't make it happen faster. Focus on the Wednesday morning checks and save yourself the lost sleep!

Coming from a different tax system myself, I totally understand the frustration with the unpredictable timing! The consensus here is spot-on - Tuesday night into Wednesday morning (3-6am Eastern) is definitely your best bet. What really helped me was shifting my mindset from "when will it update?" to "when should I check?" I now check Wednesday mornings around 7am, and if there's nothing new, I'll check again Saturday morning. This saves me from the constant refreshing cycle that was driving me crazy my first year. The IRS batch processing system is so different from what many of us are used to internationally. In my home country, tax updates were almost immediate, so waiting for these weekly cycles felt bizarre at first. But once you understand that it's not personal - it's just how their system works - it becomes much less stressful. Don't waste your sleep checking at 3am like some people do. The transcript will be there at 7am if it updated overnight, and you'll actually be rested enough to understand what you're looking at! Save your energy for interpreting all those transaction codes once your transcript finally appears.