
Topic

I have seen numerous people asking what their cycle date means, how to decipher it, and when they are getting their money. Instead of answering every single person that asks on every single thread, I decided to just create one..
So, If you can view your transcripts, it will give you a cycle date which will tell you when your DDD is. I was able to review my transcripts this morning and have a cycle date of 20150402. Which I am assuming is the same for most people that can now view theirs. So, the cycle dates go as followed, 2015 is the year, obviously, 04 stands for the week of the year, meaning it doesn’t restart at the beginning of every month, so February 28 would be 05 then 06 and so on, even on the IRS calendar THIS week the 26th30th is 04 (So we know it will be deposited this week) and the 02 is the day in the week it will be deposited, in this case Friday. SO we should have our money sent to SBBT or financial institution on Thursday Night/Friday Morning, then give or take a couple days for bank processing if you have fees, depending on your bank policy for deposits, etc. BUT THIS IS GOOD NEWS!! The cycle “Code” goes as follows (YEAR)(WEEK OF YEAR)(DAY OF WEEK) BUT where people get confused is the day of week. This is because it is based on the IRS CYCLE. So we know its being deposited the 4th week of 2015, the IRS CYCLE WEEK begins on THURSDAY (not Monday), you can look this up online, and ends on WEDNESDAY! So THURSDAY is 01, the cycle date WE HAVE is 02 which if Thursday is 01, then Friday is 02. This is how I know that our money will be transmitted on FRIDAY. I am 99% positive. WMR may or may not even update before then, however, I expect an update tonight for people who can view their transcripts. This is also in line with previous years. Last year many people got their DDD and the money was set to be deposited 23 days after they received their DDD. Also, for previous returns, look at your Cycle number and the day your money was sent and they will match up as well.
HOPE THIS HELPS EVERYBODY WONDERING AND CONGRATS!!
Filed 1/9 with TT, Accepted 1/12
The forum ‘2015 Tax Season’ is closed to new topics and replies.
The forum ‘2015 Tax Season’ is closed to new topics and replies.