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a-getachew

Solved

What is IRS treas 310 tax ref

Forum|Forum|6 years ago
April 11, 2020
77 replies
0 views

No text available

TurboTax Live Deluxe Online

Best answer by JohnnyS0329

These deposits are from the recent stimulus package. $1200 per adult and $500 per child, dependent on level of income.

Show previous replies

tfpete

My son got a pending TAX FEF IRS TREAS 310 in his account today, but it is only for $1.49. He has not received his $1200 stimulus payment yet. Is this what he got instead? We've tried to research his stimulus check, but have received no help at all from the IRS or elsewhere. Any ideas on what to do next?

Critter-3

That is NOT the stimulus check ... that is interest paid on the delayed refund he got already.

13.9 million Americans to receive IRS tax refund interest

marybethmeagan

just curious what about mine? I already received my stimulus. i'm only waiting on my $300 federal tax refund. i had to pay $25 to NY state.

TW771

TAX REF SEC:PPD ORIG ID: i received a deposit from TAX REF for 28.13. Why did I not receive 1200 dollars when my 2019 Tax return show an adjusted income of $49,000?

ericsandoval1997

Bro I feel you I don’t know what’s taking them long even when I filed my taxes a long ass time ago

CLR55

I just received a direct deposit from the IRS of $1356.40 w/ the description: IRS TREAS 310 TAX REF 082020. Not exactly a round number and by my accounting I've already received all of my tax refunds. Could this be a stimulus check?

Critter-3

Most likely ... if your income is in the phase out range then that would account for the odd number ...

Calculating My Economic Impact Payment

Q24. How do I determine the amount of my Economic Impact Payment? (updated August 3, 2020)

A24. Eligible individuals who file a joint tax return will receive up to $2,400 and all other eligible individuals will receive up to $1,200. Those with qualifying children will receive up to an additional $500 per qualifying child. A qualifying child is a child who meets the conditions outlined on our Qualifying Child Requirements page.
Eligible individuals don’t need a minimum income for the Payment. However, for higher income individuals, the Payment amount is reduced by 5% of the amount that their adjusted gross income exceeds:

$150,000 for taxpayers filing a joint return
$112,500 for taxpayers filing as head of household
$75,000 for all others

The $1,200 Payment for eligible individuals with no qualifying children ($2,400 for married couples filing a joint return) will be reduced to $0 once adjusted gross income reaches the following thresholds:

$198,000 for taxpayers filing a joint return
$136,500 for taxpayers filing as head of household
$99,000 for all others
Each of these adjusted gross income threshold amounts increases by $10,000 for each additional qualifying child.
For example, because families with one qualifying child receive an additional $500 Payment, their $1,700 Payment ($2,900 for married couples filing a joint return) will be reduced to $0 once adjusted gross income reaches the following thresholds:

$208,000 for taxpayers filing a joint return
$146,500 for taxpayers filing as head of household
$109,000 for all others

Follow examples in How do I calculate my EIP? (PDF) chart to determine your payment amount.

NU7G

I'm told the first part indicates a refund was made. But what does the 040319 refer to?

xmasbaby0

Employee

https://www.irs.gov/newsroom/13-point-9-million-americans-to-receive-irs-tax-refund-interest-taxable-payments-to-average-18-dollars

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

mtbrown

i received a payment last week in my checking account for AC-IRS TREAS 310 - TAX REF $14.14. what is this? i should be receiving another $500 for a baby i had in 2019 but i have already received a stimulus for my older child and me and my tax return so i am not really sure what this is for.

VolvoGirl

Employee

Again,

The IRS has started paying interest on Refunds. See IRS notice posted August 18, 2020

https://www.irs.gov/newsroom/13-point-9-million-americans-to-receive-irs-tax-refund-interest-taxable-payments-to-average-18-dollars

Write a big note to yourself in your tax papers for it so you remember to enter the interest into your return next year as it will be taxable interest income.

Critter-3

From the IRS FAQs : https://www.irs.gov/coronavirus/economic-impact-payment-information-center

Q29. I think the amount of my Economic Impact Payment is incorrect. What can I do? (updated May 14, ...

A29. Payment amounts vary based on income, filing status and family size. If you filed a 2019 tax return, the IRS used information from it about you, your spouse, your income, filing status and qualifying children to calculate the amount and issue your Payment. If you haven’t filed your 2019 return or it has not been processed yet, the IRS used the information from your 2018 return to calculate the amount and issue your Payment. The IRS is not able to correct or issue additional payments at this time and will provide further details on IRS.gov on the action people may need to take in the future.

If you did not receive the full amount to which you believe you are entitled, you will be able to claim the additional amount when you file your 2020 tax return. This is particularly important for individuals who may be entitled to the additional $500 per qualifying child payments. We encourage everyone to review our “How do I calculate my EIP Payment” question and answer (See question 21).

Keep the Notice 1444, Your Economic Impact Payment, you will receive regarding your Economic Stimulus Payment with your records. This notice will be mailed to each recipient’s last known address within a few weeks after the Payment is made. When you file your 2020 tax return next year, you can refer to Notice 1444 and claim additional credits on your 2020 tax return if you are eligible for them. The IRS will provide further details on IRS.gov on the action they may need to take.

Mtrujillo8979

i have a pending transaction set for the 24th in my bank account could this be my tax refund because i haven't got it yet?

LindseyLO

In this forum we are unable to see your return and information but you can track and get personal updates on your return by clicking here.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

skrystil

You would need to call the IRS, they are the government entity that sent the stimulus’s to the nations needy families.

ToddL99

The meaning of IRS TREAS 310 and other codes can be quite confusing but it generally refers to some form of government payment.

"IRS TREAS 310 tax ref" is either a tax refund or interest paid (by IRS) on a late tax refund.

Stimulus payments can also include the IRS Treas 310 code.

denniseo

Where do you enter IRS TREAS 310 in Turbotax for Filing 2020 Taxes?

VolvoGirl

Employee

Huh? That will be the description on your bank account for the refund Direct Deposit.

Pjcman2001

Yes, look at my screenshot above for my account statement to show you what we mean.

Adriannag

I have a $1,400 IRS TREAS 310 ACH WAREHOUSE ACH Deposit (Pending). I am confused because my daughter was born Jan 2021 does this have to do with her? So confused and really hoping I do not owe and that this is not a mistake

VolvoGirl

Employee

That is the new 3rd stimulus check that the president just signed. Everyone gets another 1,400. It is based on your 2019 or 2020 return. So it's not for you daughter. It's for you.