Cycle Date 20190503– still not understanding weekly vs daily!

[Jamie]

Hi! I promise I tried so hard to look around the forum for answers but I’m still not getting it. I just checked WMR and my transcripts are all there with a refund date of Tuesday, February 4th. My cycle date is 20190503. Each year before this the numbers have been random. Does this mean I am a daily? If so, does that mean they will deposit on any day or just update?

Thanks so much!

[Black]

When you file

[Danielle]

From what I was just looking up 20190503 means that your tax return started processing on January 29th 2019 I have the same code also with the date of February 18th 2019 for refund reimbursement so I’m not sure if that’s when they will send my money or not

[Jerrica]

@Jamie I believe it can be other days, yes. For me, I know I’ve always been a weekly since I’ve updated with a DDD on Saturdays, and always received my direct deposit on the following Wednesdays.
The DDD on the transcript has always been accurate for me, so I would say yes.

[Jamie]

@jerrica… oh ok that makes sense. I was accepted on the 28th and can already see my transcripts so I must be daily. What does that mean for updates, could be any day rather then just weds and Fridays like weeklys? Also is the DDD on the transcript always accurate or can they be sent earlier? Thanks so much!

[Jerrica]

“According to the IRS Manual, our users have read that daily accounts post within 4 days and weekly account post within 7 days. Most taxpayers will fall into the daily “accelerated” processing. If you are in a weekly account, your refund will “post” within a week of being accepted.”

[trinityus02]

I am confused as well. I was an 05 until last year and I was an 01 so am I a daily now? I filed 1/19 and was accepted 1/22 through TT. I am currently on one bar on WMR and transcripts are not available yet.

[morcades]

I’m confused also with the cycle dates. I have the same one 20190503 which according to the pin on this site means I should have gotten it 1/29 (my transcripts weren’t available until today) but my transcript says 2/4. I’ve been a weekly for quite a while but since I’ve changed from 05 to 03 I’m assuming I changed to daily this year? I’m also assuming that either I’m reading the post about cycle dates wrong or they are slightly off due to the shut down?

[Biscone]

I also do not understand how they determine weekly and daily…. 2015 I had an 05 Code which weekly, 2016 and 2017 I had an 04 Code, which is daily. I am not sure how they determine if you are weekly or daily. I filed through HR Blocl on 1/24 and the IRs accepted on 1/25. No Path message yet and only one bar. My transcripts of N/A.

[Author]

Replies