Codes 766 & 768

Home Forums General Discussion 2022 Tax Season Codes 766 & 768

  • This topic has 26 replies, 5 voices, and was last updated 2 years ago by Bri.
  • Topic Starter
  • #4505917
    Starrynite

      I apologize in advance if this question was answered somewhere but I haven’t found it yet. ¯\_(ツ)_/¯

      Ok so I have a Cycle of 20220505 (weekly) and Date 02-21-2022
      I noticed at the end of my transcripts reads codes 766 & 768 with dates of 04-15-2022 and – next to the amounts.
      Can someone please explain this to me?

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      • #4520287
        Bri

          I have 766 and 768 codes, i also got a ddd on the 24th of february of 1000$ from my taxable income but the ctc and eic they are holding i sent in my documents needed for verification after receiving the letter and haven’t heard back yet

        • #4520246
          Day Savage

            I’m going through the same thing. I received my taxes but now on my transcript it’s another 766 code with a – beside the amount. I’ve received 3 different answers from the irs. 2 representative have said I will receive and the 3rd one said they weren’t sure

          • #4518672
            Ambedawn

              The negative amounts listed are your tax refund And any advanced child talks credit payment you got so Your refund amount doesn’t change unless you made an error on the child tax credit payments

            • #4518631
              Helga

                I have a 766 code for 4/15/2022. It is what the child tax credit would have been, however it wasn’t included in my refund. It is just sitting there with a 766 credit to your account. I just got my federal refund, but no ctc. You cannot get throught to the irs no matter what time you call. So I am thinking that I am not getting the rest of my CTC payment.

              • #4515510
                Moo

                  @erin thank you now I see!!!

                • #4515502
                  Moo

                    Right. I added all three of my -negative amounts . It’s more . Hopefully I will see a larger refund.

                  • #4514925
                    Holly E

                      766 is the child tax credit that you received if you did early child tax credit. 768 is your EIC..All it’s doing on your transcript is showing that you have earned these to date.

                    • #4513706
                      Andrew
                        @voslik

                        [quote quote=4513696]Did you ever find the answer to this? It is driving me nuts. I have the same thing. Different amounts.[/quote]

                        766 Not sure but some kind of refund or offset reversal but positive currency.

                        768 Earned Income Credit
                        They should have negative marks next to them meaning that’s what you’re getting paid!

                      • #4513696
                        Belinda

                          Did you ever find the answer to this? It is driving me nuts. I have the same thing. Different amounts.

                        • #4512267
                          Hwat

                            The 766 I’m getting shows 3000.00 more than what turbo tax told me I’m getting. Is that supposed to happen? Is that my amount? Like, am I getting 3000.00 more than I expect?

                          • #4512236
                            Ladyluck84

                              Same here

                            • #4512235
                              Anxiously waiting

                                @ Ladyluck84
                                Thanks, I definitely hope so… My anxiety is at 100 lol! Trying to stay patient!

                              • #4512204
                                Ladyluck84

                                  @ Anxiously waiting

                                  I’m hoping so been at those for a week with no ddd.

                                • #4512202
                                  Anxiously waiting

                                    So quick question. If I’m seeing codes 766 and 768 on my transcript as of today, does that mean I should be seeing my 846 and DDD soon? My as of date is still Feb 28, 2022

                                  • #4506489
                                    Kate

                                      150 tax code says owe 1400 which is half of stimulus I got. I got 1400 for me and 1400 for baby. So why are they taking one of those away from my refund. Anybody else have this. My income is the same as all the other stimulus payments. So why this one.

                                    • #4506348
                                      Starrynite

                                        @Erin

                                        Thanks I did that and it was equal. Man, I was so confused. lol

                                      • #4506332
                                        Jen
                                          @sassybasschick

                                          I just checked. It’s both numbers plus what I paid in, in Fed withholding.

                                        • #4506310
                                          Erin
                                            @momma4

                                            The amount on line 150 is your tax owed. If you subtract that from your 766 & 768 it should equal your refund.

                                          • #4506309
                                            Kate

                                              My 766 and 768 equal 1400 more than my refund

                                            • #4506284
                                              Adama

                                                Yea I have my codes except for 846 and it’s more than what my return was supposed to be

                                              • #4506257
                                                Dsca
                                                  @dsca

                                                  I actually had the same question because my credits equaled more but after looking at the more detailed tax record I noticed that if I subtracted what I paid into federal taxes and what’s listed “as tax per return” (top of transcript to the left) what remained was my refund amount. Hopefully that makes sense.

                                                • #4506024
                                                  Starrynite

                                                    Still doesn’t match, I must be getting an adjustment on my return. Hopefully 🙏🏽 It’s a good thing.

                                                  • #4506022
                                                    Starrynite

                                                      @Lulu

                                                      Thanks!!!

                                                    • #4505977
                                                      Lulu

                                                        @Starrynite add only negative 766 Amounts with 2022 date , that will give you your refund amount
                                                        Hope it helps

                                                      • #4505961
                                                        Starrynite

                                                          @Amanda

                                                          I added mine together and they don’t match my refund ¯\_(ツ)_/¯

                                                        • #4505936
                                                          Amanda

                                                            I have those as well except my process date is 2/14/21 those are your child tax credit codes. My W2 refund code was towards the top and I added them together and it was my refund amount.

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